In March, Revolut applied for a U.S. national banking charter as part of its expansion strategy. Subsequently, the British fintech company announced that South Africa would be its first African market, with plans to launch in 2028, pending regulatory approval.

Dubizzle Group has made an investment in Tern, a rental rewards platform based in the UAE, aiming to enhance its services beyond property listings. This partnership will allow tenants to pay rent using credit cards while earning loyalty points that can be redeemed across various retail outlets. The integration will be exclusive to Dubizzle-owned platforms, including Bayut and dubizzle.

Dubai-based surplus food marketplace Peekabox has raised $1.5 million in an oversubscribed seed round to enhance its operations in the United Arab Emirates and expand throughout the Gulf Cooperation Council (GCC). Founded in 2025 by brothers Hasan and Omair Sarwar, the startup connects consumers with restaurants, cafés, and grocery retailers to offer surplus food at discounted prices.

The rebranding of Credable to _able highlights the importance of credit infrastructure in Africa, according to TechTrends KE. While consumers typically interact with familiar financial service brands like banks and fintechs, the underlying infrastructure remains largely unseen. The Dubai-based company believes that enhancing this infrastructure presents a significant opportunity for growth in the African financial services market.

CNTXT AI, a data and artificial intelligence company based in the UAE, has successfully raised $60 million in a Series A funding round co-led by AI71 and BlueFive Capital. The company focuses on sovereign AI solutions and aims to scale secure AI deployments for enterprise and government clients globally. This funding represents a significant milestone for the two-year-old company.

In the latest TechCabal Daily, it is reported that Monzo is expanding its operations into Nigeria. Additionally, Mauritius' largest bank is looking to enter the Côte d'Ivoire market, Zanzibar has signed a $114 million deal for fiber infrastructure, and Daya has raised $2.4 million to support stablecoin payments.