Africa’s digital payments economy is set to grow from strength to strength according to a Mastercard-commissioned report by Genesis Analytics stating that the digital payments economy is expected to reach $1.5 trillion by 2030. 

Mercury, the fintech ambitious companies use for banking*, credit cards, and software to power all their financial workflows, today announced a $300 million Series C investment round from existing and new investors. The round, led by new investor Sequoia Capital, includes primary and secondary funding and values Mercury at $3.5 billion post-money, more than double its previous Series B valuation of $1.6 billion in 2021.

Alhuda Center of Islamic Banking and Economics (CIBE), a globally recognized leader in promoting Islamic banking and finance, has signed a landmark agreement with Autosoft Dynamics, a renowned banking software solutions provider, to introduce cutting-edge core banking system along with end-to-end Shariah Compliant Islamic Suite (Consumer & Commercial) for Banking / Non-Banking / Microfinance and Lending Portfolio new setups and conversions.

Starting today, Nubank Crypto clients will have access to new coins. The tokens Cardano (ADA), NEAR Near Protocol (NEAR), Cosmos (ATOM), and Algorand (ALGO) will complement Nubank’s crypto investment portfolio, which already includes 16 other options such as Bitcoin, Ether, Solana, USDC, and Ripple.

PayPal Holdings, Inc. today announced it has passed $30 billion in global loan originations* and has extended more than 1.4 million loans and cash advances to more than 420,000 business accounts globally since 2013, filling a critical gap for small businesses looking for capital to maintain a healthy cashflow and grow.

TreviPay, the most-trusted B2B payments and invoicing network, today announced the release of advanced purchase controls to allow businesses to configure and enforce customized B2B purchase policy structures that align with their procurement requirements. The new functionality, now available to TreviPay clients, addresses pain points in the B2B purchasing process by automating controls that reduce payment delays, minimize manual reconciliation work and enhance overall compliance.

Itaú Unibanco announces that its customers will now be able to send and make payments in foreign currency instantly and directly through the Itaú app. The goal is to deliver an even more complete solution for its customers, who already have currency reserves through the app and an international account.

Upside, a leading digital marketplace dedicated to empowering individuals and businesses financially, today announced a strategic partnership with Marqeta , a global modern card issuing platform. This collaboration enables Marqeta’s customers to leverage Upside’s always-on cash-back offers within their consumer card programs, helping them drive more transactions, increase retention and engagement, and strengthen their top-of-wallet positioning.

Building on a successful migration to fourteen markets in January 2025, Proxymity, the leading digital investor communications platform, and State Street Corporation (“State Street”) announce the successful migration to Proxymity’s market-leading Vote Connect Total solution for the German market.

This migration marks another significant step for the custodian bank’s continued phased transition to Proxymity’s platform.