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Luno Lists New Trading Pairs for Rand-Backed Stablecoin ZARULuno has listed ZARU/USDT and ZARU/USDC trading pairs, givin...
18/08/2026

Luno Lists New Trading Pairs for Rand-Backed Stablecoin ZARU

Luno has listed ZARU/USDT and ZARU/USDC trading pairs, giving Africa's first institutional-grade rand-backed stablecoin a direct, 24/7 on-chain link to the world's two largest dollar stablecoins. Available to traders in South Africa, Nigeria, Kenya, and Uganda, the move eliminates the need to exit the blockchain when converting between rand and dollar stablecoin exposure, and comes with a 90-day fee promotion designed to build early liquidity. Behind ZARU sits a heavyweight consortium of Luno, Sanlam, EasyEquities, and Lesaka, with Standard Bank holding the reserves and Moore Johannesburg auditing them monthly.

Read the full article here: https://technaija.com/6a844ebc94f46fb462ffb481/luno-lists-new-trading-pairs-for-rand-backed-stablecoin-zaru

OPay Processes $358 Billion in Transactions Ahead of Potential US IPOOPay processed $358 billion in gross transaction va...
18/08/2026

OPay Processes $358 Billion in Transactions Ahead of Potential US IPO

OPay processed $358 billion in gross transaction value in 2025, a 115% year-on-year jump, as the Nigerian fintech swung to $107.1 million in operating profit and expanded its user base to 39.3 million monthly active users. The company is now preparing for a US IPO targeting a $4 billion valuation, with Citigroup, Deutsche Bank, and JPMorgan Chase appointed to manage the offering, in what would be the largest technology listing ever from Nigeria.

Read the full article here: https://technaija.com/6a844ba594f46fb462ffb3a9/opay-processes-358-billion-in-transactions-ahead-of-potential-us-ipo

Flutterwave and Abuja Investments Bring Digital Payments to the FCTFlutterwave has signed a Memorandum of Understanding ...
18/08/2026

Flutterwave and Abuja Investments Bring Digital Payments to the FCT

Flutterwave has signed a Memorandum of Understanding with Abuja Investments Company Limited to deploy digital payment infrastructure, merchant acquiring services, and automated revenue collection across AICL-managed assets in Nigeria's Federal Capital Territory. The deal is part of a broader push by Flutterwave to become the default payments backbone for Nigerian commerce, following a banking license acquisition, the Mono open banking deal, a Circle Ventures investment, and multiple government partnerships in 2026.

Read the full article here: https://technaija.com/6a8448de94f46fb462ffb1b4/flutterwave-and-abuja-investments-bring-digital-payments-to-the-fct

Hubtel and MMFL Back Ghana's Next Wave of Fintech BuildersHubtel has joined Mobile Money Fintech Limited as Official Tec...
18/08/2026

Hubtel and MMFL Back Ghana's Next Wave of Fintech Builders

Hubtel has joined Mobile Money Fintech Limited as Official Technology Partner of the 2026 MoMo Fintech Lab, a national three-month programme launching across Accra, Kumasi, and Tamale to find, build, and launch Ghana's next generation of fintech innovators through hackathons, mentorship, incubation, and a national Demo Day. With GH¢180,000 in prize money, government backing from the Minister of Communications, and real mentorship from people who have actually built payment products at scale in Ghana, this is what a serious ecosystem bet looks like.

Read the full article here: https://technaija.com/6a8445ff94f46fb462ffb09e/hubtel-and-mmfl-back-ghanas-next-wave-of-fintech-builders

Cascador Partners Nigeria's Youth Ministry to Fund Young FoundersCascador has partnered with Nigeria's Federal Ministry ...
18/08/2026

Cascador Partners Nigeria's Youth Ministry to Fund Young Founders

Cascador has partnered with Nigeria's Federal Ministry of Youth Development through the Nigerian Youth Academy to launch a four-week programme for 20 early-stage founders. Eight of the top performers will receive up to ₦5 million each in non-dilutive funding, no equity required, no financial track record needed. Applications open August 19 on the NiYA website, as part of a broader government ambition to train and empower seven million Nigerian youth within two years.

Read the full article here: https://technaija.com/6a8442df94f46fb462ffb022/cascador-partners-nigerias-youth-ministry-to-fund-young-founders

Terra Industries Closes Africa's Largest Seed Round at $52 MillionTerra Industries, the Nigerian defence-tech startup fo...
18/08/2026

Terra Industries Closes Africa's Largest Seed Round at $52 Million

Terra Industries, the Nigerian defence-tech startup founded in 2024, has closed Africa's largest seed round at $52 million after raising an additional $18 million. With $100 million in active contracts, two manufacturing facilities across Nigeria and Ghana, and a new London office, the company, built by founders still in their early twenties, is rapidly becoming the defining infrastructure play in African and Global South defence technology. A two-year-old Nigerian startup with two drone factories, $100 million in active contracts, and now $52 million in the bank, Terra Industries just closed Africa's largest seed round and is heading to London. The founders are in their early twenties. The ambition is continent-wide. This is what African defence tech looks like when it's built from the inside out.

Read the full article here: https://technaija.com/6a843fc694f46fb462ffaf6e/terra-industries-closes-africas-largest-seed-round-at-52-million

SeerBit Now Lets African Merchants Accept PayPal PaymentsSeerBit has integrated PayPal into its payment platform, giving...
11/08/2026

SeerBit Now Lets African Merchants Accept PayPal Payments

SeerBit has integrated PayPal into its payment platform, giving African merchants on its network the ability to accept payments from PayPal's global user base at checkout. The move consolidates international payment options into a single dashboard, addresses long-standing checkout friction for cross-border trade, and aligns with the broader push for interoperable payment infrastructure under AfCFTA.

Read the full article here: https://technaija.com/6a7b0fd03f0d26644cafdcb2/seerbit-now-lets-african-merchants-accept-paypal-payments

CLEA Launches Vendor Payments to Fix African Businesses' Supplier HeadacheLagos-based CLEA has launched Vendor Payments,...
11/08/2026

CLEA Launches Vendor Payments to Fix African Businesses' Supplier Headache

Lagos-based CLEA has launched Vendor Payments, a feature that lets African businesses pay international suppliers, including US vehicle auction platforms Copart and IAA, directly from their accounts in naira, settled in USD via stablecoin rails. Six months after emerging from stealth with $20 million processed, the startup is moving from payments tool to trade infrastructure play, with over 50 businesses already using the feature during its pilot phase.

Read the full article here: https://technaija.com/6a7b0af53f0d26644cafd98d/clea-launches-vendor-payments-to-fix-african-businesses-supplier-headache

EFG Finance Takes Majority Stake in Egypt's First Remittance Aggregator, BaladEFG Finance, the non-bank financial arm of...
11/08/2026

EFG Finance Takes Majority Stake in Egypt's First Remittance Aggregator, Balad

EFG Finance, the non-bank financial arm of EFG Holding, has acquired a majority stake in Balad, Egypt's first licensed remittance aggregator. The deal gives Balad institutional backing to scale its B2B cross-border payments infrastructure across Egypt's record $41.5 billion remittance market, with founder Adham Azzam staying on as CEO and early investors retaining minority stakes.

Read the full article here: https://technaija.com/6a7b08053f0d26644cafd886/efg-finance-takes-majority-stake-in-egypts-first-remittance-aggregator-balad

Nigeria's Naira Stablecoin cNGN Goes Live on CeloNigeria's regulated Naira stablecoin cNGN has officially launched on th...
11/08/2026

Nigeria's Naira Stablecoin cNGN Goes Live on Celo

Nigeria's regulated Naira stablecoin cNGN has officially launched on the Celo blockchain, enabling instant foreign exchange settlement and cross-border payments through Textile FX. Backed 1:1 by Naira reserves held in Nigerian commercial banks, cNGN now sits within Celo's 32-stablecoin ecosystem and has already recorded over $4 million in institutional trading volume, with Nigeria accounting for 60% of stablecoin inflows across sub-Saharan Africa.

Read the full article here: https://technaija.com/6a7b058b3f0d26644cafd7af/nigerias-naira-stablecoin-cngn-goes-live-on-celo

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