Africa's Markets, Startups & Money Moves — Updated Daily

Stablecoin Infrastructure Company Yellow Card Secures $40 Million Strategic Funding Round

Yellow Card, the Africa-founded stablecoin infrastructure company, has closed a $40m strategic funding round backed by Standard Chartered’s venture arm and Sony’s innovation fund, capital it plans to use to extend its dollar-denominated business accounts

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Payments Infrastructure Company Moment Closes $22 Million Series A Funding to Scale its Collection and Billing Platform

Payments infrastructure company Moment has raised $22m in Series A funding, capital it will use to scale its collection and billing platform for enterprise merchants across Africa. The round was led by AlphaCode Venture Partners

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Walmart Completes Its Acquisition of TV Advertising Platform Vibe.co

Walmart announced on Tuesday that it has completed its acquisition of self-service streaming TV advertising platform Vibe.co. The acquisition, which was announced in June, brings Vibe.co into Walmart Connect, the retailer’s connected TV advertising platform.

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Hackers are in the Midst of a Massive Theft of Cryptocurrency

Hackers are in the midst of a massive theft of cryptocurrency from supposedly secure offline hardware wallets, according to blockchain security firms monitoring the heists.

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Nigeria Revenue Service Makes Tax ID Mandatory for New Crypto Account Activations

he Nigeria Revenue Service (NRS) has directed Virtual Asset Service Providers (VASPs) and peer-to-peer (P2P) escrow operators to make a valid Tax Identification Number (Tax ID) a mandatory requirement

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Base Power Latest Funding Round Values the Company at a $13 Billion Post-Money Valuation

The Series D values the company at a $13 billion post-money valuation. Base Power is installing about 100 batteries per day, according to The Wall Street Journal report, and it hopes to double that by the end of the year

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Dimension Data Limited Raises $2.9 Million for Its Fibre Infrastructure

Speaking at the ceremony, Olugbenga Olabiyi, Managing Director of Dimension Data Limited, said the investment reflects the company’s long-term commitment to strengthening Nigeria’s digital economy.

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AfriWallStreet Urges African Artisans to Embrace Digital Marketing, E-commerce to Grow Businesses

African artisans must move beyond traditional markets and embrace the power of digital marketing and e-commerce to unlock global growth, AfriWallStreet has said.

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Index Ventures Raises $2 Billion in Fresh Capital Across 3 Funds

The 30-year-old firm raised $400 million for its new seed-focused fund and $900 million for its venture fund. Index also added $700 million to a $1.5 billion growth fund raised in 2024

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What Makes  Vitel Wireless Different?

Pioneering IoT innovation in telecommunications, Vitel Wireless delivers cutting-edge connectivity solutions that power the future of smart technology across industries.

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The Womanity Index 2026 Social Norms Study

The Womanity Index 2026 Social Norms Study is a nationwide survey measuring the prevalence and strength of social norms associated with gender-based violence (GBV).

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