Verto wins $1 Million Milken-Motsepe Prize in FinTech
The Milken-Motsepe Prize in FinTech launched in May 2024, attracting over 3,000 entrepreneurs. 400 applications were narrowed down to 10 semifinalists who presented at the Milken Institute Middle East and Africa Summit in December 2024.
Verto Launches $10,000 Global Business Award to Boost Startups
Launch of Verto Global Business Award for early-stage startups. Total prize pool of $15,000 to support startups with international ambitions.
Waza comes out of stealth with $8M to power global trade for African businesses
Waza, a Y Combinator-backed payment and liquidity platform, has emerged from stealth mode with $8 million in seed money. The startup aims to make it easier for African businesses and traders to manage and pay their suppliers globally, targeting a $7 trillion market with the potential to generate $25
The future of cross-border payment: Traditional vs digital
Africa is experiencing a rise in regional real-time payment infrastructure, shifting the tide of global remittances. The largest remittance corridors in Africa include transfers between Cameroon and Nigeria, Niger and Nigeria, and South Africa and Zimbabwe.
