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For the second consecutive year, Senegalese fintech, Wave, was the only African company featured in Y Combinator’s top 50 highest-earning startups of 2024.
The list includes the likes of:
AirBnB
Reddit
Stripe
Coinbase
InstaCart
Scribd
Zapier
Optimizely
RazorPay
Scale AI
among

The Akoin crypto project, led by rapper Akon, is making significant progress with new partnerships aimed at driving development in Africa, despite concerns about its viability and the challenges of executing large-scale projects on the continent.

The Nigerian SEC warned investors against the $DAVIDO meme coin, highlighting risks and lack of regulatory recognition. The commission cautioned that meme coins are speculative and advised against investing, referencing previous scams linked to the artist.

Patricia, a Nigerian cryptocurrency platform, enables clients to convert their outstanding balances into company shares as part of its restructuring efforts after a security breach that affected assets. CEO Fejiro Hanu assures transparency in the process and hints at a relaunch soon.

Egyptian social commerce startup Taager has raised $6.75 million in a pre-Series B funding round, led by Norrsken22, to enhance its operations and expand in the MENA region, empowering over 45,000 merchants with integrated e-commerce solutions.

Raise, a platform that offers end-to-end fundraising solutions, has secured an undisclosed amount of funding from Carta, a San Francisco-based firm that specializes in valuation software and capitalization table management.
This is the first African investment by the U.S entity since its

Gold-backed tokens, particularly Tether Gold and Paxos Gold, have recorded $236 million in onchain trading, reflecting a 247% increase in investor interest driven by macroeconomic uncertainty and rising gold prices. Tokenized equities are expected to follow this trend, signaling a shift towards stable asset-backed investments in the crypto space.

Eden Care, a Rwandan digital health insurance startup, has joined Y-Combinator's 2023 summer batch, marking a significant milestone. The company aims to revolutionize affordable health insurance in Africa, leveraging technology to enhance employee access to healthcare.

The Worldcoin Foundation today announced that WorldCoin, a project co-founded by Sam Altman, Alex Blania and Max Novendstern, is now live and in a production-grade state
The launch includes the release of the World ID SDK and plans to scale Orb operations to 35+ cities across 20+ countries

According to local reports, tokenized financial assets exchange, Mesh.trade, has announced the launch of Bullion Krugerrand Tokens on its platform.
These tokens, issued by gold neobank, TroyGold, represent physical gold, securely stored in Brink’s vaults located in Johannesburg – a facility