A financial consulting firm that conducted an investigation into 54 Collective's financial practices.
Fintechs lead Africa’s digital maturity, but insurers post strongest gains in 2025
African insurers recorded the continent’s fastest digital maturity progress over the past year. 54% of financial institutions now report advanced digital capabilities, up from 48% in 2024.
Verto Expands West African Presence with New Lagos Hub
Verto has officially announced the launch of a new strategic office in Lagos, Nigeria. The Lagos office will enhance local customer support and drive tailored product development.
Jobzyn Raises Funding to Expand AI-Powered Recruitment Across Africa
Janngo Capital announces investment in Jobzyn, a Moroccan recruitment startup. Jobzyn utilizes AI-driven tools to streamline recruitment and improve talent matching.
Morocco’s Jobzyn raises pre-seed led by Janngo Capital to scale AI-powered hiring across Africa
Jobzyn raised an undisclosed pre-seed round led by Janngo Capital to scale product development. The startup uses AI to automate candidate matching and soft-skill assessments.
“Mastercard Foundation’s agreement was not terminated due to a breach,” Bongani Sithole, 54 Collective’s CEO
54 Collective, an early-stage venture studio, shut down in February 2025, laying off over 40 employees. Mastercard Foundation withdrew funding due to concerns over 54 Collective's rebranding and potential conflicts of interest.
