Lisk’s decision to shut down its blockchain network on October 31 is creating a new gap in Africa’s Web3 funding ecosystem, ending one of the relatively few programmes that actively backed early stage blockchain founders across the continent. The Swiss based Web3 infrastructure company announced in August that it would wind down its blockchain and
Chipper Cash has begun opening virtual accounts for eligible customers in Ghana after integrating its platform with Universal Merchant Bank’s (UMB) virtual accounts infrastructure, adding bank backed account capabilities to its digital financial services offering. The integration connects Chipper Cash’s technology platform to UMB’s banking infrastructure, allowing the fintech to open and manage virtual accounts
Moroccan fintech Chari has appointed former Visa executive Aurélien Pichon to its Board of Directors as an independent director, as the company expands beyond B2B commerce into regulated financial infrastructure and agency banking across Francophone Africa. Pichon joins Chari after a two decade career spanning technology, data and payments, including senior roles at Visa, where
Africa’s largest IPO is now accepting subscriptions through stablecoins on the Solana blockchain, highlighting another potential use case for digital assets in African capital markets. The development puts stablecoins closer to a traditional capital raising process, allowing prospective participants to subscribe to the IPO using digital assets rather than relying solely on conventional payment channels.
Pepperstone has appointed Andrew Turnbull as its new Head of Africa, putting a senior financial services executive in charge of the Australia based online trading provider’s strategy across the continent. Based in Nairobi, Turnbull will oversee Pepperstone’s African operations as the company increases its focus on markets where online trading platforms are gaining traction and