Chipper Cash is expanding its financial infrastructure in Ghana through a new collaboration with Universal Merchant Bank (UMB), allowing the fintech to open bank-backed virtual accounts for eligible customers. The development follows Chipper Cash’s successful integration with UMB’s virtual accounts platform through an application programming interface (API). According to Chipper Cash, the integration has moved…

Profitability is often treated as the clearest signal that a startup is ready for serious financing. Yet across Africa, some profitable startups still struggle to attract debt, growth capital, or institutional investment. The problem is not always whether these companies make money. It is whether investors can confidently measure, protect, and scale that money. African…

Ecobank is widening access to one of Africa’s biggest capital-market opportunities by enabling retail and institutional investors across the continent to participate in the ongoing Dangote Petroleum Refinery share offer. The offer, which opened on September 14, 2026, is scheduled to close on October 13. The shares are priced at ₦525 each, with a minimum…

Stablecoins are increasingly becoming more than a tool for moving money across borders. For users holding digital dollars such as USDC and USDT, the next question is what those balances can earn while they remain unused. Raenest is addressing that gap with Stablecoin Vault, a new product that allows users to earn variable yield on…

Nigeria has no shortage of people who save money. The bigger challenge is helping those savings become productive capital that can generate returns, finance businesses and build long-term wealth. That is the opportunity Y Combinator-backed fintech Rank is pursuing as it expands beyond lending into savings, investments and wealth management. Rank, formerly known as Moni,…

Africa’s electric mobility sector is attracting deeper institutional financing as the Africa Go Green Fund (AGG) increases its commitment to Spiro by another $18 million, taking its total financing commitment to the electric motorcycle company to $36 million. The latest funding, announced on September 21, 2026, comes less than a year after AGG, a climate-focused…