Blissful mid-week. 
How has your week been?
When you assume you possibly can escape capitalism, ask Rishi Sunak, the previous prime minister of the UK, who simply took a job as a senior adviser at Goldman Sachs after serving as prime minister for about two years. Yeah, even prime ministers have LinkedIn updates. Capitalism all the time wins!
- Kuda relaunches remittance product
- Roqqu expands into Kenya with Flitaa acquisition
- Temu units up a warehouse in South Africa
- CompCom strikes a take care of Maziv and Vodacom
- World Large Net 3
- Alternatives
Fintech
Kuda is again within the remittance sport after processing $9.3 billion in Q1 2025
Three years after shoving its remittance product, Kuda is giving it one other probability.
The brand new model of its remittance product is a multi-currency pockets constructed inside the app that enables for customers outdoors Nigeria to ship cash dwelling—no third events. It’s the form of infrastructure you construct when you’ve gotten sufficient quantity to justify it. And Kuda does. In Q1 2025, the corporate processed over 300 million transactions value $9.3 billion and issued $10.7 million in overdrafts—a 43% development from final time. It raised $20 million at a $500 million valuation and now pulls in sufficient quantity from each retail and enterprise customers to assist extra bold performs.
ICYMI: Kuda first tried out remittances in 2022 and relied closely on intermediaries, which weakened their margins.
Although the neobank remains to be taking hits on some merchandise, Kuda is working with a constructive web margin between 3% and seven%. Relaunching remittances now’s a sign that the economics lastly work.
Nonetheless, the remittance market has solely gotten extra crowded. LemFi, Nala, Moniepoint and even legacy gamers like Western Union and WorldRemit are preventing for a similar diaspora wallets. Kuda’s wager? One app, fewer faucets and a clear UX.
Zoom out: Now that it has one other shot, Kuda has no intermediaries accountable and no margin excuses to lean on. The infrastructure is in place, the customers are nonetheless right here they usually hope that this time, the silence after the launch higher not be one other quiet exit.
Paying 2% or extra on each transaction provides up quick.
For companies in e-commerce, logistics, journey, fintech, and extra, each naira counts. Fincra helps you save extra with 1% NGN charges capped at ₦300. Splendid for high-value or high-volume transactions. Get began free of charge with simply your electronic mail handle!
Cryptocurrency
Roqqu acquires crypto startup Flitaa, marking its entry into East Africa
Consolidations are uncommon in Africa’s tech ecosystem. Within the crypto sector, it’s worse; it’s like in search of a needle in a haystack.
Why? Crypto in Africa, like most development sectors, remains to be an rising market. So when uncommon consolidation offers occur, we flip our heads to ask if it’s the maturity signal we’ve been in search of. The Roqqu deal made us ask that query once more.
On July 8, we reported that Roqqu, a Nigerian crypto firm, acquired Flitaa, one other startup with majority of its operations in Kenya, in what was the primary publicly disclosed intra-African consolidation.
With Flitaa, Roqqu will enter its first East African market, increasing its footprint on the continent. Below the hood, Roqqu is buying a startup that has gained some traction in Kenya and built-in M-Pesa to permit customers to maneuver simply between holding crypto and native foreign money. Roqqu has amassed over 1 million customers in Nigeria, and now, it’s betting that planting early in newer markets will hold these numbers rising.
In crypto, the secret is to amass customers. These startups generate income from transaction charges and the change charge spreads between purchase and promote values. The extra customers transact crypto, the larger the income potential.
But, there’s a notion round market saturation in Nigeria. Whereas it’s Africa’s largest crypto market, adoption has been rising slowly within the final two years. Our concept right here is that the sector has pulled in customers who’re affected person sufficient to be taught the ropes in a low-trust market like crypto.
The subsequent section is to draw a brand new wave of non-crypto native customers to the sector; that is why startups are attempting to show individuals methods to “spend crypto like money.”
Kenya hasn’t hit that tipping level. Because of this gamers are trooping in. With a wave of potential customers to entice, East Africa’s hottest crypto hub is about to get hotter.
Drive your small business ahead with Doroki
Whether or not you’re a retail retailer, restaurant, pharmacy, grocery store, salon or spa, Doroki helps simplify your operations so you possibly can give attention to what issues most: your clients and your development. Handle your small business smarter, begin right here.
E-commerce
Temu units up a warehouse in South Africa
Temu is not simply in your face on-line. Now it has a warehouse in South Africa.
The Chinese language e-commerce big has launched a neighborhood warehouse in South Africa, its boldest transfer but since getting into the South African market in early 2024.
For customers, this implies sooner transport, next-day supply on some gadgets, and below two days for others. However the particulars are fuzzy.
Temu hasn’t confirmed whether or not this warehouse shops inventory from South African distributors or just shops imported items for sooner dispatch. It additionally hasn’t stated who’s delivering the gadgets. No native courier names, and no infrastructure breakdown. There are a whole lot of unknowns. However what we do know is that this: Temu is right here, on the bottom. And it’s not enjoying small.
State of play: This new setup is a pointy turnaroundfor a platform that wasn’t precisely welcomed with open arms. When Temu and Shein entered the market, native retailers pushed again exhausting, accusing them of utilizing tax loopholes to undercut everybody else. South Africa’s 20% flat obligation on low-value imports allow them to skip the complete 45% clothes tariff. South African Income Service (SARS) ultimately cracked down, however by then, Temu had gained severe floor.
In contrast to platforms like Jumia and Konga, which run their very own logistics fleets, Temu is staying lean, counting on third-party couriers. That’s not essentially a weak spot. It’s only a completely different technique: transfer quick, outsource the heavy lifting, and hold prices low. However Temu hits tougher. Its ultra-low pricing, paid social media dominance, and gamified purchasing ways make it exhausting to disregard and tougher to beat.
Temu didn’t arrive in Africa quietly. With this warehouse, we could be seeing the start of a extra everlasting and aggressive rollout.
Settle for Apple Pay with Paystack immediately!
Anybody can receives a commission globally. With Paystack and Apple Pay, let clients pay you immediately and securely from 60+ nations. Get began right here →
Telecoms
South Africa’s Competitors Fee strikes a take care of Maziv and Vodacom
After years of regulatory roadblocks, South Africa’s Competitors Fee (CompCom) will not oppose the controversial merger between fibre group Maziv and Vodacom, South Africa’s second largest telecom operator.
Right here’s why it issues: This improvement may assist revive one of many nation’s most vital telecom offers. If accepted, the deal may pace up fibre rollout and develop reasonably priced broadband providers to extra South Africans. It may strengthen Vodacom’s place within the fibre market whereas giving Maziv added capital to develop its fibre community. It additionally gives a playbook for a way large gamers can win over regulators cautious of huge mergers.
ICYMI: Vodacom first introduced its plan to amass a 30% stake in Maziv in 2021, hoping to speed up their fibre enlargement plans. In 2022, the Competitors Fee feared it could give Vodacom an excessive amount of management over fibre infrastructure, doubtlessly squeezing out competitors.
On suggestion from the Competitors Fee, the Competitors Tribunal blocked the merger deal in October 2024, stating that it may have an effect on competitors between dwelling fibre web and wi-fi broadband providers.
Now, Vodacom and Maziv have satisfied the fee to rethink its stance by making some key commitments: improve funding to develop the fibre community, hold broadband reasonably priced for lower-income households, and put safeguards to stop unfair market blocking to opponents.
State of play: With the change in stance from the fee, the businesses will take their unopposed revised plan to the Competitors Enchantment Court docket in July 2025, with hopes of getting a inexperienced mild for the multi-million greenback deal.
The large image: If accepted, it could convey an finish to a close to four-year-long regulatory battle. The merger may reshape South Africa’s telecom panorama by enabling Vodacom, a significant operator, to strengthen its place within the fibre area. It might additionally give Maziv entry to capital wanted to develop its fibre community. If blocked once more, it may function a defining case that exhibits how far competitors regulators will go to maintain large gamers in examine.
Launch Africa’s Subsequent AI Startup. Begin at Mest.
IApplications are open for MEST’s totally funded AI Startup Program.
Practice with World Consultants | AI – centered | Incubation | Seed Funding Potential |
Apply by August 22 → #MESTAI2026
CRYPTO TRACKER
The World Large Web3
Supply:
|
Coin Title |
Present Worth |
Day |
Month |
|---|---|---|---|
 Bitcoin |
$108,623 |
+ 0.57% |
+ 3.00% |
| Ether |
$2,602 |
+ 2.33% |
+ 4.59% |
| Cronos |
$0.09384 |
+ 16.67% |
– 4.93% |
| Solana |
$151.14 |
+ 1.50% |
+ 0.12% |
* Information as of 06.00 AM WAT, July 9, 2025.
Introducing, The Naira Life Convention by Zikoko
This August, the Naira Life Con will convey collectively wealth builders, entrepreneurs, monetary leaders, and on a regular basis Nigerians to share their experiences with incomes, managing, and spending cash. Suppose: daring conversations, immersive workshops, and content material tracks that hand you a playbook for constructing actual wealth. Get early chook tickets now at 30% off just for a restricted time.
Alternatives
- MEST Africa has opened functions for its 2026 AI Startup Programme. The 12-month coaching and incubation programme will equip West African software program builders aged 21–30 with the talents to construct scalable AI startups. Chosen contributors will endure seven months of hands-on coaching in Ghana beginning January 2026, adopted by a four-month incubation for probably the most promising groups. Functions shut August 22, 2025. Apply right here.
- Functions are nonetheless open for the 2025 FATE Institute Fellowship, a two-year, part-time and digital programme for knowledgeable Nigerian professionals enthusiastic about entrepreneurship and coverage reform. The fellowship is open to candidates with at the least 10 years of related expertise and a accomplished or ongoing Grasp’s or PhD in fields like Economics, Legislation, or Political Science. Fellows will work remotely, contribute to analysis on Nigeria’s entrepreneurship ecosystem, have interaction with policymakers, and participate in digital coverage discussions, with no need to go away their present roles. Apply by July 25.
- We’re launching TechCabal Insights Market Researcher
, a software that helps you discover and analyse African tech and enterprise information in seconds. Whether or not you’re in search of startup funding numbers, market developments, or investor exercise, it does the digging for you—quick and precisely. Be the primary to strive it. Be a part of the waitlist.
Written by: Opeyemi Kareem, Emmanuel Nwosu, and Ifeoluwa Aigbiniode
Edited by: Religion Omoniyi
Need extra of TechCabal?
Join our insightful newsletters on the enterprise and financial system of tech in Africa.
- The Subsequent Wave: futuristic evaluation of the enterprise of tech in Africa.
- TC Scoops: breaking information from TechCabal
- TNW: Francophone Africa: Insider insights and evaluation of Francophone’s tech ecosystem
P:S When you’re usually lacking TC Day by day in your inbox, examine your Promotions folder and transfer any version of TC Day by day from “Promotions” to your “Predominant” or “Main” folder and TC Day by day will all the time come to you.
Elevate your perspective with NextTech Information, the place innovation meets perception.
Uncover the most recent breakthroughs, get unique updates, and join with a world community of future-focused thinkers.
Unlock tomorrow’s developments immediately: learn extra, subscribe to our e-newsletter, and turn into a part of the NextTech group at NextTech-news.com
News By Region