Beltone taps fintech Telda to bring mutual funds to Egypt’s digital investors
The deal is the latest sign of how Egypt's asset managers are increasingly turning to fintech platforms to reach retail investors.
The deal is the latest sign of how Egypt's asset managers are increasingly turning to fintech platforms to reach retail investors.
Startups in the sector have raised over $1.28 billion since 2019. A third of the capital now comes as debt, in larger rounds, and from lenders rather than venture investors, a sign the sector is being financed like infrastructure.
The Mauritius-domiciled, pan-African early-stage fund said it has returned roughly 7% of paid-in capital on the $36 million vehicle.
The Central Bank of Nigeria (CBN) mentioned stablecoin(s) at least 68 times in its newly released Payments System Vision 2028 (PSV 2028). For a regulator that once wanted banks nowhere near cryptocurrency businesses, this is a remarkable shift.
In today's edition: DRC unveils National digital ID system || South Africa's EV transition || Kenya's fuel prices just dropped || Gabon is going for a digital economy
Samsung updates its software support chart monthly. Each update can quietly drop a phone from the list, meaning that the device will no longer receive security patches.
For years, sending money across the border was straightforward. Then the process began taking longer and required additional steps.
The company still earns most of its revenue from selling electric motorcycles, yet it spends far more time talking about batteries, swap stations and energy infrastructure than motorcycles.
The funding round saw participation from Breega, a European venture capital firm, Attijariwafa Ventures, and Saviu Ventures, an Africa-focused growth capital fund.
In today's edition: Quick Fire 🔥 with Bolaji Anifowose || Kenya’s Family Bank to go public || DStv website went off || Who secured the bag? 💰