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Paysky, a leading digital fintech solutions provider, has secured $6.75 million to enhance Africa's fintech infrastructure. Recognized among Forbes Middle East’s Top 50 Fintech Companies for the third consecutive year, the company operates in 18 countries and processed over $3.9 billion in transactions in 2024. Its innovative offerings include national payment systems, the Yalla Super App, and various digital payment solutions aimed at driving financial inclusion and digital transformation across the region.
Saudi Nayla Finance has raised $4 million to support micro-enterprises, while Paysky, a digital fintech leader, has been recognized among Forbes Middle East’s Top 50 Fintech Companies for the third consecutive year. Founded in 2017, Paysky operates in 18 countries, offering innovative digital payment solutions, including the Yalla Super App, which has processed over 17 million transactions since its 2022 launch. The company continues to focus on expanding financial inclusion and driving digital transformation across emerging markets.
Saudi Nayla Finance has raised $4 million to support micro-enterprises, while Paysky, a digital fintech leader, has been recognized among Forbes Middle East’s Top 50 Fintech Companies for the third consecutive year. Founded in 2017, Paysky operates in 18 countries, offering innovative digital payment solutions, including the Yalla Super App, which has processed over 17 million transactions since its 2022 launch. The company continues to focus on expanding financial inclusion and driving digital transformation across emerging markets.
UAE-based PlaysOut has secured $7 million in a seed funding round led by KBW Ventures to expand its mini-game ecosystem, valuing the company at $70 million. The funding will enhance its blockchain-powered mini-game engine, targeting growth in the US, MENA, and Asia.Meanwhile, ORO Labs raised $1.5 million to transform gold into a yield-generating asset through blockchain technology, allowing users to earn yield and trade gold-backed assets. The startup aims to bridge traditional gold markets with Web3 finance, leveraging the UAE's robust gold trade environment.
UAE-based PlaysOut has secured $7 million in a seed funding round led by KBW Ventures to expand its mini-game ecosystem, valuing the company at $70 million. The funding will enhance its blockchain-powered mini-game engine, targeting growth in the US, MENA, and Asia.Meanwhile, ORO Labs raised $1.5 million to transform gold into a yield-generating asset through blockchain technology, allowing users to earn yield and trade gold-backed assets. The startup aims to bridge traditional gold markets with Web3 finance, leveraging the UAE's robust gold trade environment.
Kenyan logistics startup Leta has secured $5 million in seed funding to enhance its AI-powered platform and expand into new African markets, including Rwanda and Mauritius. Founded in 2022, Leta has achieved significant growth, handling 4.5 million deliveries and managing 7,400 vehicles, while helping major brands like KFC and EABL reduce costs. The investment, led by Speedinvest with participation from Google’s Africa Investment Fund, will support the startup's mission to optimize supply chains for businesses across the continent.
Nordea shareholders overwhelmingly rejected a proposal to halt fossil fuel lending, with 95.36% voting against it. The bank has provided $641 million in loans to upstream oil and gas companies over two years, despite being part of the Net-Zero Banking Alliance. Critics highlighted Nordea's financing of the controversial East African Crude Oil Pipeline and called for a shift away from fossil fuel investments, but the bank's leadership emphasized the need to support Norway's oil and gas economy.
Kenyan re-commerce startup Badili has secured $400,000 in debt funding from Proparco to enhance its refurbished electronics initiative. Founded in 2021, Badili repairs and reintroduces used mobile phones in Kenya, Tanzania, and Uganda, providing affordable access to top-tier brands while promoting sustainability and reducing electronic waste. CEO Rishabh Lawania expressed optimism about the company's growth and expansion across Africa.
Tensions rise as President Trump pressures Republican holdouts on his budget bill, leading to significant cuts in federal programs, including Medicaid and USAID, which threaten public health responses. Critics argue that these drastic measures could worsen the deficit and endanger lives, particularly amid an Ebola outbreak. Meanwhile, Chief Justice Roberts intervenes to prevent the unfreezing of $2 billion in foreign aid, highlighting the legal challenges surrounding Trump's funding freeze.
Elon Musk acknowledged that DOGE "accidentally" cut Ebola prevention funding while implementing budget cuts to USAID, stating that mistakes will happen but will be corrected quickly. He emphasized the need for rapid action to meet financial goals, despite ongoing Ebola outbreaks in Uganda. Critics, including Rep. Don Beyer, condemned the oversight, arguing that such incompetence would lead to termination in any other context.
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paysky secures recognition and funding to enhance fintech infrastructure in africa
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paysky secures top fintech recognition and expands digital payment solutions in mena
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UAE startup PlaysOut secures 7 million dollars to expand mini-game ecosystem
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UAE startup PlaysOut secures 7 million dollars to expand mini-game ecosystem
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kenyan logistics startup leta secures 5 million seed funding for expansion
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Kenyan startup Badili secures 400k funding for refurbished smartphone initiative
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