MEST portfolio startup, Vesicash offers payment security to African businesses with escrow services

Before fintech took over, eCommerce was the darling of the Nigerian tech ecosystem. The ecosystem bloomed a little over a decade ago — expectedly so since eCommerce was huge globally — with mostly startups that had online shopping ideas occupying the space. With the likes of DealDey, Efritin.com, Gloo.ng, and Konga shutting down, getting acquired, […]

Jumia plans to raise millions by selling 18 million shares

Africa-focused eCommerce company, Jumia, is looking to raise millions of dollars from investors by selling 9 million American depositary shares (ADS) and 18 million ordinary shares. The company made this filing on March 18, 2021. ADSs are stocks offered by non-US companies, available to be purchased by US investors. Secondary sales like this are usually […]

Visa now accepts crypto payments

US-based payments company, Visa, has announced that users can now settle transactions with USDC, an Ethereum based stablecoin backed by the US dollar. Visa is partnering with Crypto.com, one of the world’s largest crypto platforms, to pilot this feature, and will extend it to other partners later in the year. Visa’s plan has been in the works […]

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