BitKE

Nigerian fintech startup Opay has seen a 30% increase in valuation, reaching $2.7 billion since its 2021 Series C funding round. Its services and agent banking model significantly boosted its user base and revenue in 2023, aided by a currency shortage in Nigeria.

Cango posted a Q4 2025 net loss of about $285M as rising costs and transformation charges overshadowed mining revenue; 2025 also saw a $452.8M loss amid an AI-infra pivot and higher costs.
Abstract: Bitcoin miner Cango reported a steep Q4 2025 loss driven by rising energy, infrastructure and transformation charges, despite robust quarterly mining revenue. For 2025, the company logged a larger net loss due to non-recurring costs and fair-value adjustments while expanding production and pursuing an AI infrastructure integration with its mining operations.

Kotani Pay is expanding its crypto on-ramp and off-ramp services into Rwanda and Uganda, enhancing access to blockchain via USSD for local businesses and users. This move aims to simplify crypto- fiat exchanges and support fintech growth in these markets.

Zazuu, a London fintech focused on African remittance, has shut down after raising over $2 million due to insufficient funding, despite exploring all options.

Pan-African crypto company, Mara, which made headlines when it raised $23 million in one of the biggest Web3 raises on the continent, has laid off approximately 85% of its employees and implemented salary cuts for remaining employees, a new report alleges.
Quoting a source within the company, the r

BlackRock, the largest asset manager globally has been in the headlines after it submitted an application to the United States Securities and Exchange Commission (SEC) to register a Bitcoin exchange-traded fund (ETF).
Following this application, atleast two investment firms have made similar

Empowa Pay is a Web3 app that records rent-to-own payments, integrating with Hedera's blockchain for efficiency. It aims to improve housing access in Africa by using traditional payment methods while enabling on-chain transactions, benefiting low-income tenants.

TonKeeper, a leading wallet on the TON blockchain, has gained 1.3 million active users in Nigeria, driven by positive feedback and features like staking, dApp browsing, and the innovative Battery service. This surge is linked to the success of Telegram-based projects like NotCoin.

MNT-Halan has acquired Tam Finans, a notable Turkish finance company, leveraging its recent funding to enhance its offerings. This merger aims to boost financial access, capitalizing on both Egypt and Turkey's economic potential.

MANSA, a fintech leader in cross-border payments, has secured $10 million in funding to enhance its stablecoin solution, addressing liquidity issues for payment providers, especially in Africa.

SumSub has expanded its Non-Document Verification solution to South Africa, Nigeria, Kenya, and Ghana, reaching over 350 million potential users. This initiative enhances KYC/AML compliance, fights identity fraud, and simplifies user onboarding in Africa.

EMURGO Africa launched EMURGO Labs to advance Web3 technologies in Africa and the MENA region. The initiative supports organizations transitioning from Web2 to Web3 through development and design services, aiming to drive digital transformation and enhance blockchain applications.