Checker Secures $8M, Branch Trims Headcount, Stable Naira Completes Audit (TWIF Africa - 05/25)

Profitable financial giants trimmed headcount to reduce operational costs.

A major payment gateway overhauled its dashboard after ten years.

Global settlement networks introduced cryptocurrency banking rails across Africa.

Branch cut workforce numbers in Kenya and Nigeria despite earning immense global profits.

Checker raised $8m to expand its stablecoin payment network infrastructure.

Sorted Wallet secured $4.4m to build stablecoin features for feature phones.

Sycamore targeted $29m in deposits following its latest microfinance bank acquisition.

AFC committed $100m to support African technology fund managers across continent.

GoTyme rolled out an employee share scheme to improve long term retention.

Peach Payments introduced Apple Pay services for merchants located in Mauritius.

Busha launched crypto-backed debit cards for stablecoin spending throughout Africa.

Moniepoint tapped tell to launch new payment verification services in UK.

Velmie and Flot partnered to address payment and compliance issues in African banking.

MoneyHash appointed a former Ozow executive as its new African director.

Checker hired a former Verto sales manager as tech competition deepened.

USDC grew $18.6 billion in 12 months. The Africa story was a single wallet.

PayPal brought its dollar stablecoin to seventy markets, expanding African access.

Paystack completely rebuilt its dashboard interface after a decade of operation

LemFi secured a strategic investment from Tether to boost cross-border payments.

Stable Naira confirmed the completion of its final stablecoin financial audit.

South Africa extended its crypto capital control consultation deadline amid industry concerns.