Byline
Articles credited to StartupNews Africa.
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Funding
Cape Town cross-border payments company Lumepay says it closed a US$6 million pre-seed round at the start of 2026. It has not named its investors. The roughly $10 million in capital float it also cites is not counted here as money raised. The company says a restraint-of-trade judgment naming it as a respondent is before a higher court; we have not independently verified that.
M&A
Nigerian cross-border fintech Raenest has acquired all of Remitise, a UK company the Financial Conduct Authority lists as a small payment institution. The price was not disclosed. That registration caps average monthly payment volume at €3 million and bars account information and payment initiation services, which limits what the UK entity can do under its current permissions.
Funding
South African fintech Yoco has secured a $100 million credit facility from Victory Park Capital to fund Yoco Capital, its merchant cash advance product. Yoco says the facility gives it direct control of the financing layer, including pricing and risk on its own book. The facility size is disclosed; the amount drawn is not.
