Africa Launches PAPSSCARD to Power Cross-border Payments and Boost Financial Sovereignty
Plus: Wave Mobile Money raises €117M and Jetstream Africa gets backing from Cauris
On June 27, at the 32nd Afreximbank Annual Meetings in Abuja, Nigeria, Africa officially launched PAPSSCARD — the continent’s first pan-African card scheme — as a game-changer for financial independence and intra-African trade.
In The News This Week:
Wave Mobile Money Raises €117M to Expand Its Services Across Africa
Wave Mobile Money has secured €117 million in debt financing to scale its affordable mobile-first financial services across Africa.
Cauris Deepens Backing for Jetstream Africa to Bridge Africa’s Trade Finance Gap
Cauris Finance, a private credit fund focused on Africa, has expanded its strategic partnership with Ghana-based Jetstream Africa, a logistics and trade finance platform helping African importers manage supply chains.
Ghana’s Liquify raises $1.5M to digitize trade finance for African exporters
Ghanaian fintech startup Liquify has secured $1.5 million in seed equity funding—plus additional debt financing—to modernize trade finance for African SMEs.
In the rest of the news (ICYMI):
Flutterwave Cuts Half of Kenya, South Africa Staff Amid Profit Push, IPO Plans
Bank of Ghana Flags 10 Unapproved Money Transfer Operators Including Hurupay and Eversend
Ghanaian EV Startup Wahu Launches New Ecosystem App, “Wahu Hero”
Africa Ecosystem Activity
Nigerian e-commerce startup Shoptreo secures funding to take artisan products global
Algerian HR-tech startup Talenteo raises 6-figure funding round