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Singapore, January 5, 2026 - Stablecoin issuer Tether has invested in SQRIL (pronounced squirrel), the Southeast Asia-based startup that provides a payments API switch for banks, ewallets and fintech apps to enable their mobile app users to scan & pay QR codes in real time across Asia, Africa and Latin America.

Africa's largest fintech company, Flutterwave, has acquired Nigerian open banking startup Mono in an all-stock deal valued between $25 million and $40 million, according to people familiar with the transaction.