BitKE

Duplo, a Nigerian fintech, has raised $4.3 million to enhance payment solutions across Africa. With 1,000% client growth and 5,000% increase in transactions, it digitizes payments for FMCG distributors and automates financial processes for businesses.

Scroll, an Ethereum Layer 2 network utilizing zk-rollups, raised $50 million, reaching a $1.8 billion valuation. The funding indicates continued investor interest despite a funding downturn in the sector. Scroll aims to scale Ethereum for a billion users and launch its mainnet in the coming months.

Flutterwave CEO Agboola Olubenga visits Kenya to resolve the freezing of $40 million in funds and seek reinstatement of operating licenses after a Central Bank embargo. The ARA indicated earlier investigations found no money laundering links, prompting hopes for future operations in Kenya, the company's second-largest market.

LemFi has received approval from the Central Bank of Ireland to acquire currency exchange platform Bureau Buttercrane, enabling its expansion in the EEA. Founded in 2021, LemFi serves diaspora communities, recently surpassing $1 billion in monthly transactions.

Koree, a Cameroonian fintech, won the 2023 Ecobank Fintech Challenge, receiving $50,000. Founded by Magalie Gauze-Sanga, Koree addresses small change issues in Francophone Africa through mobile solutions, cashback, and plans for expansion into Côte d’Ivoire.

MiniPay, the stablecoin wallet platform owned by Opera and built on the Celo blockchain, is pursuing a strategy to build a robust ecosystem around the wallet. Its core value proposition lies in offering emerging startups immediate access to a growing user base.

Through a $40 million fund

WorldCoin has suspended its activities in Kenya in response to government concerns regarding data security. The CEO highlighted the company's commitment to privacy and collaboration with regulators. They plan to improve crowd management and comply with local laws before resuming services.

TRON DAO has enhanced its strategic collaboration with Bridge to strengthen its role as a preferred stablecoin settlement layer. This integration improves stablecoin transactions for developers, offering advanced features like fiat on-ramps, seamless interoperability, and simplified wallet support, boosting payment efficiency in emerging markets.