Fintech

Egypt debuts a revamped national innovation platform while Kenya's Arc Ride secures $5 million from IFC, signaling renewed momentum in Africa's startup ecosystem amid climate-tech acceleration and shifting banking attitudes toward crypto.

Pan-African payments company Nairagram has closed a ₦10 billion capital raise to scale digital financial infrastructure across the continent, positioning itself to capture growing cross-border payment flows.

Fintech maintained its position as Africa's top-funded tech sector in 2025, capturing the largest share of venture capital while Flutterwave celebrated ten years of operations with over 50 regulatory licenses across global markets.

Nigerian lifestyle services startup Eden Life has paused consumer operations, while Airtel launches mobile money push in Nigeria and South Africa's Cell C returns to profitability amid sector-wide restructuring.

Six major Nigerian deposit money banks reported combined customer loans of N33.99 trillion, marking 9.2% growth despite intensifying fintech competition, while the stock market advanced N6.79 trillion week-on-week following pension fund equity limit increases.

While Jumia exits Algeria and narrows focus to chase profitability, Redtech is betting big on pan-African expansion. The diverging strategies reveal how Africa's tech giants are rethinking scale in 2026.