Ghanaian fintech company Dash has announced its closure after laying off its remaining staff. Founded in 2019, Dash aimed to enhance mobile money interoperability. Following funding success and internal leadership issues, the company is winding down operations while keeping a few employees for finalizing projects.

Carry1st partners with AudioMack to enable African customers to buy music subscriptions using local payment options, expanding beyond gaming to include diverse digital content. The collaboration aims to enhance user experience and support local artists.

The Wallet cryptocurrency trading bot is launching globally on Telegram in select countries in Latin America and Africa, promoting accessible crypto trading. TOP plans to expand Wallet’s reach worldwide by mid-2024.

In May 2024, nearly 455,000 tokens were launched on the Solana blockchain, primarily memecoins. This surge is fueled by user-friendly platforms like Pump.Fun, attracting creators including celebrities and influencing crypto trends.

VISA has launched the VISA Tokenized Asset Platform (VTAP), enabling financial institutions to issue and manage fiat-backed tokens on blockchain networks. Designed for seamless integration, VTAP allows banks to mint, burn, and experiment with tokenized assets, aiming for live programs by 2025.

Partech has raised €245 million for its second AfricaTech Fund, surpassing its €230 million target. The fund aims to invest $1 million to $15 million per startup, indicating increased global interest in African venture capital.

Lisk's Blockchain Incubation Hub has completed its first cohort, with 23 African startups achieving notable successes. Applications for the second cohort, starting May 19, 2025, are now open, offering grants and mentorship to aspiring Web3 builders.

Google has opened applications for the 9th edition of its Google for Startups Accelerator Program.
The three-month hybrid program, tailored for AI-focused startups in Africa from Seed to Series A stage, is set to begin in June 2025.

The 9th cohort will include 10 to 15 startups addressing

Yodawy, an Egyptian online pharmacy marketplace, secured $7.5 million in Series B funding led by Global Ventures. The funds will help Yodawy expand and enhance its platform, already integrated with over 3,000 pharmacies and 8 insurers, capitalizing on the growing health-tech market in Egypt.