A new report says African blockchain firms raised $474 million in 2022, but the methodology is questionable
South Africa, Liberia and Kenya led Nigeria for total funding. MFS Africa, Valr, Jambo, Ejara all feature in the report.
Venture Capital
Nigerian venture capital firm EchoVC launches an $8 million blockchain fund
The firm aims to fund solutions across multiple areas of blockchain use cases.
Stellar Network and DFS Lab launch fund to support African fintech startups
The fund will back startups building digital payment solutions on the Stellar blockchain.
Cardano-focused accelerator Adaverse invests in Nigeria's BoundlessPay
BoundlessPay joins a growing list of beneficiaries of Adaverse’s investment. Some other recipients include Afriex, Afropolitan, Bitmama, Canza Finance, Ejara and Stakefair.
Pan-African Crypto Exchange Yellow Card Secures $40M in Series B Funding Round to drive business growth, expansion and strategic partnerships
The company has now raised a total of $57 million, more than any crypto company on the continent has received to date.
Cardano's developer IOG invests in Kenyan fintech Pezesha
The participation of blockchain-focused entities suggests that the fintech company now employs decentralized finance protocols as a source of debt finance.