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Here are the highlights of what happened in African Fintech this week: 👇

• Nigerian Mobility Fintech eyed unicorn status with planned $300 million raise.
• Nigerian Remittance Fintech acquired a UK card issuer to expand its offerings.
• An ex executive sued a unicorn over stock options worth nearly $1 Million.
• Central Bank Of Kenya Licenced additional 41 digital credit providers.

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This Week in FintechSabrina Baxter

💸Fundraise and Exits

• CreditChek acquired CreditCliq to bridge cross-border credit gaps.

💰 Venture Funds

• African startups raised $254 Million in May.

👔 Leadership Lineup

• Ex-Moniepoint executive sued unicorn over stock options worth nearly $1 Million.

📰 News of the Week

• LemFi acquired Pillar, a UK card issuer to expand beyond remittance.

LemFi was Founded in 2020, the company now serves over two million users globally and processes over $1 billion in monthly transaction volume. It raised $33 Million in a series A round in 2023, and a $53 Million series B round in 2023,  giving it the capital base to pursue international acquisitions like this. After acquiring Pillar, which raised ~ $17 Million pre-seed in 2022, LemFi will expand credit card services to its two million users.

👀 Eye Openers

• In January 2025, LemFi acquired Buttercrane to leverage its Irish license and operate across the European Economic Area (EEA). Today, the company has also acquired UK-based startup Pillarn to expand its credit card offering to its two million customers.

Could strategic acquisitions like these be the new playbook for African fintechs looking to expand globally?

📑 Read of the week

• From operators to founders: The Flutterwave alumni building Africa’s future. (Techpoint)

📖 Other News, Reads, and Media

• Moove eyed unicorn status with planned $300 million raise.

🎥 VIDEO INTERVIEWS/DISCUSSIONS

• Interview with Tosin Eniolorunda on how he turned Moniepoint to a $1 Billion company. 

🦉 Tweet of the Week

🎯 Fintech Opportunities

• East African Fintechs can apply for €100K Grant funding from Developpp.

Made in Tanzania 🇹🇿 with 💚

👍🏽👎🏽  Did you enjoy this edition of This Week In Fintech Africa? Please share your feedback with me on Twitter or LinkedIn .