The Digital Currency Group (DCG), a powerhouse in the crypto and blockchain investment space, has significantly ramped up its activity in Africa. In 2024 alone, the US-based firm closed 12 new deals, reinforcing its commitment to the continent’s rapidly evolving fintech, AI, and blockchain

PancakeSwap achieved record trading volume of $205.3 billion in Q1 2025, marking its most successful quarter. Key metrics show significant growth, including a 921% rise in trading volume and 81% increase in unique users since Q1 2023, establishing its dominance in the multi-chain DeFi space.

Bitsgap has evolved since 2017 into a leading trading platform with over 600,000 users across 15 exchanges, facilitating billions in trading volume and generating over $400 million in user profits, catering to all trader levels.

The multi-currency prepaid card with a Tap and Go contactless capability and Chip and PIN security, will allow traders, travelers, diaspora and the business community to load multiple currencies in USD, GBP, Euro and Indian Rupee on a single card accessible internationally.
The Prime prepaid multi

Microsoft is partnering with Ankr to offer blockchain node services through Azure, enabling enterprises to access and utilize blockchain data efficiently. This collaboration aims to enhance Web3 infrastructure, facilitating smart contract deployment and transaction processes for various blockchains.

Stitch has launched WigWag, a social commerce payment platform tailored for small businesses, allowing them to accept digital payments via unique payment links without needing a website. It offers transaction monitoring and a simple fee structure.

Telegram is launching an app store in July 2024, boasting 950 million users, and plans to enhance security against scams. The platform integrates blockchain technology and decentralized tools, enhancing user engagement with blockchain gaming and cryptocurrency transactions.

Nestcoin, a Web3 startup in Africa, has laid off employees due to funds being held in the FTX exchange following its bankruptcy. CEO Yele Bademosi emphasized the need to adjust the company's strategy and plans. The layoffs impact 30 employees, with remaining staff facing a 40% salary cut.

ClusterLab, the developer of the Arabic audiobook summarization app Reedz, secured $600,000 in pre-seed funding backed by prominent investors. Based in Tunisia and the UAE, the company aims to enhance AI and NLP technology, particularly through next-generation large language models, to improve Arabic content accessibility.

The Nigeria Police Force has arrested Wilfred Bonse for allegedly laundering funds stolen from Patricia Technologies, involving over 200 million Naira in a complex fraud case. The company, facing backlash since May 2023, is working to refund affected users.

South Africa has a major opportunity to boost government revenue, attract institutional capital, and strengthen its regulatory standing by simply updating how it classifies crypto assets.
TL;DR
Reclassifying crypto as onshore could bring in $29.7 million in extra taxes over 5 years

Leading Nigerian fintech, MoniePoint, has raised $110 million in Series C funding led by Development Partners International’s African Development Partners (ADP) III fund to accelerate its growth across Africa.
Other participants in the round include:
African private equity firm Verod Capital,