Hi, welcome to Tech This Evening, an After-Work Tech Newsletter from Techparley Africa. Sure, there is a lot to unpack right now. Sit back, while I walk you through.
Top Story: Nigeria’s Fincra Builds Regulated Payment Network Across Africa With Ghana Expansion Move
Nigerian payments infrastructure provider, Fincra, has secured a Payment Service Provider Licence (Enhanced Category) from the Bank of Ghana, marking a step in its expansion across West Africa’s financial ecosystem.
The licence enables Fincra to connect directly to Ghana’s payment systems, collect local payments, process transactions within the country, and receive funds in Ghanaian cedis.
Founded in 2021 by Wole Ayodele and Gideon Orovwiroro, Fincra now operates across more than 20 markets in Africa and powers payment flows spanning Africa, Europe, and North America.
According to Ayodele, the approval reflects a broader shift in African fintech towards regulated infrastructure rather than experimental expansion.
“Getting the green light from the Bank of Ghana means we can finally give our merchants a direct, high-speed rail into this market. Whether a business needs to collect mobile money locally, or a global platform needs to drop remittances directly into Ghanaian bank accounts, we are removing the friction,” Ayodele added.
Other Tech News Stories You Should Read:
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Misti AI Raises £250,000 to Transform Industrial Cameras Into AI-Powered Sensors. Read now.
General Analysis Raises $10 Million to Tackle Security Risks in Autonomous AI Systems. Read now.
On Startup Spotlight:
Bellatrix Launches $10 Million Ndjaba Seed Fund to Back Southern African Startups
Bellatrix Investment Managers has launched the Ndjaba Seed Fund, a $10 million venture capital vehicle aimed at supporting early-stage startups across Southern Africa, as the region continues to face significant funding gaps at the seed and pre-seed stages.
The fund will invest in between 35 and 50 startups over a ten-year horizon, with a focus on high-growth sectors including fintech, agritech, healthtech, education, clean energy, e-commerce, and enterprise software.
Bellatrix says the Ndjaba Seed Fund is designed specifically to address this imbalance by increasing access to early-stage capital for founders outside established tech hubs.
“Southern Africa has a strong pipeline of entrepreneurs with the potential to build impactful businesses. However, access to early-stage capital remains limited. The Ndjaba Seed Fund is designed to bridge this gap by providing both funding and the support needed to scale,” Managing Director Jesaya Hano-Oshike said.
Quadri Adejumo brings you all the details. Read here.
Also Read:
With New Partnerships, Gebeya Wants to Help Africans to Turn Business Ideas Into Income. Yakub Abdulrasheed brings us the details, here.
Quote of the Day:
“Any sufficiently advanced technology is equivalent to magic.” – Arthur C. Clarke.
Thank you for joining me yet again this evening. Stay safe, and see you tomorrow for the next tech newsletter.
Best, Quadri
