Data study shows that Nigerian payments infrastructure company Flutterwave is now one of Africa's most valued fintech enterprises. In early 2022, the business announced a $250 million fundraising transaction, raising its worth to $3 billion. Nonetheless, according to Crunchbase News, Flutterwave's latest capital investment is not included in the $2 billion raised in 2021.

According to the statistics, Opay, a Nigerian startup, raised $570 million more than Flutterwave. The Lagos-based fintech company's funding rounds value it at $2 billion.

One of the few non-Nigerian fintech startups to raise funding in 2021 is Wave Mobile Money from Senegal. In 2021, the company raised $200 million, valuing it at $1.7 billion.

According to another report, US venture capital firms, multinational businesses, and Asian investors have been the key sources of funding for Africa's fintech industry.

Austin to follow Miami and New York

Austin's mayor, Steve Adler, proposed two initiatives to make the city a "global leader in cryptocurrencies." With the primary purpose being to promote blockchain technology and Web3, the second is to promote bitcoin as a payment method.

"Utilize modern technology and innovation to improve government operations and better serve Austinites," said Austin Mayor Steve Adler recently. As a consequence, he now focuses on blockchain and cryptocurrencies.

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Aside from supporting the digital asset industry, the congressman said blockchain has other potential uses in both the private and governmental sectors. He believes the technology might be used to help "homeless people" or those dealing with social difficulties.

Austin contains thousands of homeless people, most of whom are handicapped.

Adler thinks his hometown should join Web3. Through technology, Austin may enhance supply chain management and strengthen its standing in the arts and media:

"The City Manager is ordered to guarantee that the City participates to the invention and development of new technologies, including but not limited to blockchain and other Web3-related technologies, protocols, and applications."

The mayor also mentioned cryptocurrency. The digital currency is a repository of wealth, boosts security, and allows speedy transactions "beyond geographical and political obstacles."

He thinks Austin should follow Miami and New York and invest more in the top digital asset. He advocated accepting BTC for municipal taxes, fines, and penalties.

In terms of digital assets and blockchain technology, it is safe to say that the two megacities are unchallenged leaders in the US. This is because both mayors, Francis Suarez of Miami and Eric Adams of New York City, support bitcoin.

The former bought BTC and ETH. He was also the first legislator to be paid with Bitcoin rather than conventional currency. He also said last year that his government is attempting to allow residents to pay their taxes in BTC:

"We want to do it using bitcoin since it is known and trustworthy. We think it's the most reliable and trustworthy network out there."

Similarly, Incoming York's new mayor, Eric Adams, was paid in cryptocurrencies rather than cash. Former NYPD officer claims he wants to turn NYC into a global center for digital asset technology.

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He also suggested incorporating cryptocurrencies and blockchain technologies into the school curriculum. Adams claimed that digital assets are the future of money and that students should learn about them early on.