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Kenyan Fintech Kwara Raises $3 Million in Seed Extension

[Jan 22, 2023 2:30 AM] A Kenyan fintech that digitizes credit unions, Kwara, is reported to have raised $3 million via a seed extension round that was backed by DOB Equity, Globivest, and Willard Ahdritz. The latest round brings to $7 million the amount of capital that…

Ukraine’s Tascombank Pilots Stellar-based E-hryvnia

[Jan 15, 2023 5:30 AM] Tascombank, one of the oldest banking institutions in Ukraine, has completed the pilot testing of a digital currency based on the Stellar network. The bank believes that its electronic money platform represents an economically viable implementation…

Report: Nigerian Crypto Exchange Quidax Cuts Its Workforce by 20%

[Nov 28, 2022 3:30 AM] As it reels from the effects of what it termed a global economic downturn, the Nigerian digital asset exchange platform, Quidax, recently said it had laid off employees who constituted 20% of its workforce. Despite the layoffs, Quidax reportedly…