WapiPay, a Kenyan cross-border payments fintech, has entered the North American market after securing a Money Services Business (MSB) licence from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), part of the company's global expansion. The licence allows the company to offer foreign exchange,…

…to assess creditworthiness. That model is now increasingly common among African fintechs. Moniepoint, for example, uses transaction data from merchants on its platform to underwrite business loans. In 2025, the company said it disbursed more than ?1 trillion ($721.2 million) in credit, relying on transaction histories…

…That’s the opportunity AI presents, and it’s what excites me about both the startup and fintech ecosystems. Take Mastery Hive, for example. The company is using machine learning to detect fraud across fragmented networks. We also have companies like Loop in South Africa using AI to optimise a complex transit network an…

…giant iFood, owns payments business PayU, and continues to invest in e-commerce, fintech, and online marketplace businesses. In August, it announced plans to increase investment in iFood. Yet Tencent remains central to the investment case. Prosus said earnings growth from its operating businesses was partly offset by a…