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MFS Africa collects $100M to expand its digital payments gateway across the region

TechCrunch

Investor interest in African fintech continues to grab headlines with large fundraises. But because they offer a similar range of services in digitizing cash like mobile money agents in East Africa, it made sense for MFS to acquire Capricorn and have access to its more than 90,000 agents.

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Dispute between founders and board leaves Capiter in arrears to employees and creditors

TechCrunch

Last month, Egyptian B2B e-commerce platform Capiter made headlines after founders Mahmoud Nouh and Ahmed Nouh were ousted by its board as CEO and COO. They also argued that the founders blocked email access for key employees and restricted the viewing and transacting ability for important bank accounts.

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