Funding
Latest articles about funding in African payments and fintech
Telda and Mastercard launch integrated financial platform in Egypt
Egyptian digital bank Telda and Mastercard have launched a unified financial platform that combines payments and investment access in one app. The move aims to simplify wealth-building for Egyptian consumers and reflects broader trends in digital banking and financial inclusion across the region.
Yamify Secures Pre-Seed Funding to Build 'Heroku for AI' Platform in Africa
Yamify, a new platform aiming to simplify AI deployment for African developers, has closed a pre-seed funding round. The startup's launch comes as interest grows in both AI development tools and applied AI solutions for the African market.
Lagos Angel Network Backs AI Trade Platform Midddleman
The Lagos Angel Network has invested in Midddleman, an AI-powered B2B procurement platform for Nigerian SMEs. The deal highlights continued investor interest in business efficiency tools, following recent sector consolidation like Brass's move into Paystack MFB.
Nala secures $50 million credit line for stablecoin payment network expansion
Nala, a Tanzanian-founded fintech, has secured a $50 million credit line from Liquidity to expand its stablecoin-powered cross-border payment network. This funding will help Nala pre-fund transfers and expand its reach, addressing increased demand for faster business payments.
BFREE secures growth capital to expand distressed credit portfolio across Africa
Nigerian fintech BFREE has closed a growth funding round to fuel the expansion of its distressed credit buying business across Africa. The company plans to strengthen its position in Nigeria, Kenya, and Uganda while evaluating new markets.
Cybervergent secures $3 million seed funding for Gambia-based AI cybersecurity
Cybervergent, a Gambia-based cybersecurity startup, has raised $3 million in seed funding to develop its AI-powered threat detection platform and expand across West Africa. The investment reflects heightened focus on digital security as African businesses and governments accelerate their online operations.
NjiaPay Secures $2.1 Million in Seed Funding to Expand African Payment Services
Kenyan fintech NjiaPay has raised $2.1 million in seed funding to expand its payment performance tools for merchants across Africa. The funding comes as Kenya and Rwanda sign a deal to allow payment companies to operate freely between the two countries, easing cross-border expansion.
European VC Newion Leads $2.1M Seed Round for South African Fintech NjiaPay
South African payment orchestration startup NjiaPay has raised $2.1 million in seed funding led by European VC Newion. The capital will be used to scale its platform, which aggregates multiple payment methods for merchants, across key African markets including Nigeria, Kenya, and South Africa.
Nairagram Secures ₦10 Billion to Extend Pan-African Payment Network
Nairagram has raised ₦10 billion through a commercial paper issuance to expand its digital remittance network across Africa. The funding round highlights continued investor confidence in the fintech sector, which remains a leader in African startup fundraising.
Lupiya Extends Series A Funding Round to $11.25 Million
Zambian digital financial services provider Lupiya has extended its Series A funding round to $11.25 million with new investment from the Cisco Foundation and FINCA Ventures. The capital will be used to grow its operations in Zambia and pursue expansion into nearby markets.
Terra raises $22m in two weeks, valuation reaches $100m
Nigerian defence tech startup Terra has raised $22 million in two weeks, reaching a $100 million valuation. The funding underscores investor interest in African startups developing security solutions for governments grappling with complex threats.
Delta40 Raises $20m to Back African Ventures
Delta40 has secured $20 million to fund and support innovative startups across Africa. The move highlights the growing role of venture studios in developing the continent's tech landscape.
South African Fintech Talk360 Secures $1.4 Million in New Funding
South African VoIP and fintech platform Talk360 has raised $1.4 million to develop its product suite and B2B segment. The funding round, led by undisclosed investors, underscores ongoing, targeted investment in African tech solutions addressing diaspora connectivity and payments.
African Startups Secure $174M in January Funding, Fintech Sector Dominates
African startups raised $174 million in venture funding during January 2026, with fintech companies receiving significant portions including Lula's $21 million and Delta40's $20 million raises. The funding activity demonstrates continued investor confidence in African financial technology as the sector works to improve financial inclusion and cross-border payments.
Delta40 Secures $20M to Launch African Venture Studio and Fund
Delta40 has raised $20 million to launch Africa's first integrated venture studio and fund, combining capital investment with operational support for early-stage startups. The funding comes as African startups raised $174 million in January 2026, with fintech continuing to lead investment activity across the continent.
Nigerian Fintech Cardtonic Secures $2.1M Seed Round for B2B Pivot
Nigerian fintech Cardtonic has secured $2.1 million in seed funding to develop Pil, a new business spend management platform. The funding marks the company's strategic expansion into B2B services, targeting corporate customers in Nigeria with solutions for business spend control.