DeFi company Stakefair secures US$670k pre-seed to launch its business

NIGERIA – Stakefair, a Decentralized Finance (DeFi) company that is poised to disrupt the Real-Money Gaming industry, has launched after securing US$670,000 pre-seed funding. Investors involved in the round include Adaverse, Nestcoin, Kepple Africa Ventures, Canza Finance, Voltron Capital, Echo VC Chain, Timi Aboyeji, Tomiwa Olaosebikan, Peter Kisadha, Saturn Blockchain Ventures, Thrive Africa Syndicate, Nehikhare Igbinijesu, Oluchi Enebeli, and Clement…

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Masa Finance partners Pngme to drive adoption of DeFi credit services in Africa

AFRICA – Masa Finance, a Silicon Valley DeFi protocol, has announced its partnership with African financial data company Pngme to drive the adoption of DeFi credit services in the region. The partnership will give DeFi lenders across Nigeria and Kenya with access to more than 250 off-chain financial data sources–including credit bureau data–to automate credit decisions through smart contracts while…

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HashCash launches lending service platform for women entrepreneurs in Morocco

MOROCCO – Global blockchain development company HashCash Consultants, has announced the launching of a micro-loans lending platform in collaboration with a DeFi (decentralized finance) startup to women entrepreneurs of Morocco. The blockchain-powered platform will transfer funds to the women who are registered with their verified digital identities. The platform allows pool-based borrowing wherein lenders provide liquidity to a pool that…

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DeFi platform Xend Finance secures US$2m additional investment, partners with TechFusion Africa

NIGERIA – Xend Finance, a decentralised finance (DeFi) platform for credit unions and cooperatives, has topped up its funding round to US$2 million with additional investments from new investors, led by NGC Ventures and Hashkey. Meanwhile, Xend Finance has also announced a product integration and business partnership with TechFusion Africa, a Software as a Service (SaaS) provider in Africa. Xend…

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