Fintechs

Brazil's central bank is considering restricting Pix access for banks and fintechs with weak cybersecurity. This follows a year of costly cyberattacks.

Ground, a fintech onchain yield platform, has raised $3.6 million in a pre-seed funding round co-led by Bain Capital Crypto and ParaFi. The company is emerging from stealth mode and aims to help fintechs access onchain yield.

Brazil's government, under President Lula, has signed a decree allowing the freezing and seizure of funds from illegal betting operators. The government has identified 37 financial firms, mostly fintechs and payment companies, involved in moving money for these operations.

The Central Bank of Nigeria (CBN) has ordered banks and fintechs to disclose their owners and store payment data within Nigeria. The move aims to promote transparency, reduce market concentration risks, and enhance the resilience of the country's payments ecosystem.

South Africa leads the 2026 rankings of Africa’s fastest-growing companies, with Kenya surpassing Nigeria to claim second place. An Egyptian business tops the list for the first time, while fintechs address financial challenges and a solar company serves over 50 million customers across the continent.

Fintechs are addressing Africa's financial problems by leveraging digital platforms that bypass traditional banking systems, revolutionizing the lives of millions. These platforms provide solutions to challenges posed by outdated banking infrastructure.