Hi Fintech friends 👋,

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

• Africa’s Unicorn raised $137 Million debt to expand mobile services Across Africa
• Nigerian investment firm acquired a Fintech
• Marketshare of Africa's biggest mobile money company dropped for the sixth straight quarter

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This Week in FintechSabrina Baxter

💸Fundraise and Exits

• BAS Group acquired a majority stake in Nigerian fintech Zuvy.
• Wave raised $137 million in debt to expand mobile money services across Africa.

💰 Venture Funds

• Startup investments with GDP (PPP) per capita in Africa

🚀 Partnerships & Product Launches

• Asset Chain launched P2P blockchain trading platform with zero fees.

👔 Leadership Lineup

• Visa appointed Aminata Kane as Head of Western and Central Africa.

📰 News of the Week

• M-PESA’s market share dropped for sixth straight quarter as Airtel Money gained ground.

M-Pesa lost market share From 97% in Q4 2023 to 90.8% in Q1 2025. Airtel Money’s share rose to 9.1% in Q1 2025, up from 8.9% the previous quarter and just 2.9% two years ago. Its growth has been supported by fee refunds, lower transaction costs, and partnerships with supermarket chains like Naivas to expand agent access.

👀 Eye Openers

• Nigeria is the Africa’s Fintech Power House

📑 Read of the week

• Blockchain Industry Research Reports (CV VC)

📖 Other News, Reads, and Media

• Seychelles dusted Nigeria, South Africa, others as it recieved 33% of Africa’s blockchain funding.

🎥 VIDEO INTERVIEWS/DISCUSSIONS

• Interview with Ocean who quit law to build, Tyme Bank, Africa’s first Global Bank with 17 million users.

🦉 Tweet of the Week

🎯 Fintech Opportunities

• Today is the deadline for East African Fintechs to apply for €100K Grant funding from Developpp.

Made in Tanzania 🇹🇿 with 💚

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