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Jambo Secures $7.5 Million in Seed Funding to Build Africa’s web3 ‘Superapp’
African web3 startup Jambo has raised $7.5 million in a seed funding round that involved notable investors from the crypto space, the company announced on Monday.
- Region
- Global
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Sequoia Capital Makes a Big Bet on Web3, Leading $450 Million Investment in Polygon Blockchain
Sequoia Capital is playing catchup with arch-rival Andreessen Horowitz in the race to invest in what could be the future of the internet — so-called Web3.
- Categories
- Technology
- Region
- Global
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Cameroon’s Ejara Raises $2 Million to Offer Crypto and Investment Services in Francophone Africa
Ejara, a one-year-old company founded by Nelly Chatue-Diop, has raised $2 million to pioneer the usage of crypto and investment services in Francophone Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Investors From Silicon Valley to China Catch the African Fintech Bug
With the banking emphasis now squarely on mobile money and digital transactions, exciting opportunities are attracting investors from across the globe to Africa's fintech space.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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El Salvador Becomes First Country to Adopt Bitcoin as Legal Tender After Passing Law
Lawmakers in the Central American country’s Congress voted by a “supermajority” in favor of the Bitcoin Law, receiving 62 out of 84 of the legislature’s vote.
- Categories
- Finance, Technology
- Region
- Latin America
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With Investors Expecting a Latin America Cryptocurrency Boom, Mexico’s Bitso Raises $62 Million
Six years after the launch of the Mexico-based cryptocurrency exchange and financial services platform Bitso, the company revealed it has closed on $62 million in financing to capitalize on the cryptocurrency boom investors expect to hit Latin America.
- Categories
- Finance
- Region
- Latin America
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Bitcoin Too Volatile To Aid Financial Inclusion, Says Mastercard CEO
The inherent volatility of Bitcoin makes it ill-fitted for the needs of unbanked people, argued Mastercard CEO Ajay Banga.
- Categories
- Finance, Technology
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Is COVID-19 Driving Growth in Digital Currencies?
With purchases and transactions increasingly moving away from cash and towards digital channels during the pandemic, both central banks and private institutions around the world are continuing to explore the potential of digital currencies.
- Categories
- Coronavirus, Technology
- Region
- Sub-Saharan Africa
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