Hi Fintech friends 👋,

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

• One of East Africa’s crypto bills passed the assembly stage.
• A $15 Million fund planned to find Web3 Unicorns in emerging markets.
• Ex-YC-backed founders launched a neobank for Africa.
• CEO of Africa’s most valuable Fintech bet on Stablecoin as Africa’s next financial leap.

Join an online community of TWIF Premium members and enjoy exclusive fintech conversations, private events, roundtable discussions, networking, job matching, and premium industry insight - all in one place.

Community

📱To join our Slack with 10,000+ other fintech enthusiasts, sign up below. This Week in Fintech has two online communities: * TWIF Premium for fintech founders, investors, and operators. * Curated membership * (Note: you can sign up for the Premium Slack below; this is separate from our members-only Premium Newsletter, which

This Week in FintechSabrina Baxter

💸Fundraise and Exits

• Egyptian Sharia-compliant Fintech Sabika raised a six-figure US dollar investment to grow its presence in Egypt and the Gulf.

💰 Venture Funds

• Lisk’s $15 million fund planned to find Web3 unicorns in emerging markets.

🚀 Partnerships & Product Launches

• Cellulant and Pesalink partnered to enable instant Bank-to-Merchant Payments in Kenya.
• Mastercard partnered with Hillcroft (mTek) to Roll Out Embedded Insurance in East Africa.

👔 Leadership Lineup

• Ex-YC-backed founders launched Cloud9, a neobank for Africa.

📰 News of the Week

• Kenya’s crypto bill passed the assembly stage.

The National Assembly approved the Virtual Asset Service Providers (VASP) Bill at the committee stage on Thursday. The draft law now heads to a third reading before being sent to President William Ruto for assent.

👀 Eye Openers

• Is this the start of a new era for payments, or a step back for smaller players?

📑 Read of the week

• If M-Pesa Breaks, Kenya Stops. If M-Pesa Breaks, Tanzania Keeps Moving Like Nothing Happened. (Cofounders Notebook).

📖 Other News, Reads, and Media

• Senegal launched the Interoperable Instant Payment Platform (PI-SPI) to boost digital public Infrastructure.

🪙 Stablecoin Watch

News;

• Flutterwave CEO bet on stablecoins as Africa’s next financial leap.

Insights & Resources;

• Stablecoin adoption is growing in Francophone Africa, but can regulators keep up? (Techcabal).

🎥 VIDEO INTERVIEWS/DISCUSSIONS

• From Near-Bankruptcy to a Path to Profitability: Inside Jumia's Brutal Transformation.

🦉 Tweet of the Week

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 .