Hi Fintech friends 👋,

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

• South African bank acquired Fintech startup for $93.3 Million in an all cash deal.
• Kenyan fintech which processes $150 Million per month raised $4.9 Million.
• Nigeria’s latest Unicorn launched a POS terminal to play a long enterprise game. 
• Egyptian Fintech generated $53.7 million in gross revenue in H1 2025.

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This Week in FintechSabrina Baxter

💸Fundraise and Exits

• Kenya’s HoneyCoin raised $4.9 Million to transform stablecoin-powered payments.
• South Africa’s Street Wallet raised $350K to expand QR payments for informal traders.

💰 Venture Funds

• TLcom reached midpoint deployment in $5 Million TAPSI fund with key bet on TurnStay.

🚀 Partnerships & Product Launches

• Moniepoint launched a new POS terminal to play a long enterprise game.  

👔 Leadership Lineup

• Meet the ex-comedy star who built a fintech to tackle Australia’s $2B remittance problem.

📰 News of the Week

• Nedbank acquired ikhokha for $93.3 million in an all cash deal.

Established in 2012 in Durban, iKhokha offers mobile PoS devices, a mobile app for card payments, and business management tools. The fintech processes over $1.1 Billion in annual digital payments. 

👀 Eye Openers

• Nigeria collected $55.5 Million(₦84.97)  in six months after adding the transfer levy to fintechs.

📑 Read of the week

• Building Wealth as an African Employee.(Babajide)

📖 Other News, Reads, and Media

• Egyptian Fintech Valu generated $53.7 million in gross revenue in H1 2025.

🎥 VIDEO INTERVIEWS/DISCUSSIONS

• Interview with David Nandwa, CEO of HoneyCoin, a platform processing over $150 Million in stablecoin payments each month, now fresh off a $4.8 Million raise to scale beyond.

🦉 Tweet of the Week

🎯 Fintech Opportunities

• African fintechs are invited to apply for Visa Accelerator Program Cohort 5. 

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 .