Egyptian fintech Valu plans IPO as African startups eye public markets
Valu plans to list up to 25% of its shares on the Egyptian Exchange (EGX) within a year. The company has facilitated 7.8 million transactions and commands approximately 24% of Egypt’s consumer finance market.
10 biggest African tech stories of 2024
Mercury announced it would terminate accounts for African startups in 13 countries due to compliance concerns, impacting many founders. The Central Bank of Nigeria raised the cybersecurity levy on electronic transactions, leading to public backlash and eventual suspension of the policy.
Tyme Group Becomes Africa’s Latest Unicorn with $250M Boost
Tyme Group raised $250 million in a Series D funding round. Tyme's valuation reached $1.5 billion, making it Africa's ninth unicorn.
African digital bank Tyme Group raises $250M at $1.5B valuation, eyes for IPO in 2028
Tyme Group secured $250 million in a Series D funding round. Nu Holdings invested $150 million for a 10% stake in Tyme Group.
Brazilian fintech giant invests in SA-born Tyme Group
Nubank invests in South African fintech Tyme Group. TymeBank surpasses 10 million customers with 29% year-on-year growth.
