Hi Fintech friends 👋,

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

• Three funding deals were announced.
• Two Nigerian Fintechs issued Global accounts for their users.
• Nigerian Fintech reported $94 Million in revenue.

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This Week in FintechSabrina Baxter

💸Fundraise and Exits

• South African fintech Walletedoc acquired by top lender Capitec in a $23.8 Million deal.
• Gozem attracted Belife Insurance as a strategic investor in its Series B.

💰 Venture Funds

• Fintechs led Africa’s 2025 valuation table, even as the market reset.

🚀 Partnerships & Product Launches

• Moniepoint UK Issued Sterling (GBP) Accounts After EMI Acquisition.
• LemFi launched multi-currency (USD and GBP) accounts available to users in Nigeria.
• NALA partnered with BigPay, and expanded to Ghana following Central Bank approval.
• The Central Bank Of Kenya stripped PayU Kenya payment license.

👔 Leadership Lineup

• How this Nigerian scaled two digital banks.

📰 News of the Week

• Interswitch reported 50% revenue growth of ~ $94 Million.

Nigeria remained the primary revenue source for the group, contributing 90% of total revenue, a slight decrease from 94% in 2024. The remaining revenue came from operations in Mauritius, the United Kingdom, and East Africa (Kenya & Uganda).

👀 Eye Openers

• Last week, M-Pesa complained that its app was blocked by a competitor in Ethiopia. Today, a similar situation is playing out but this time M-Pesa is the one accused of blocking a competitor in Kenya. What does this say about the future of mobile money competition in Africa?

📑 Read of the week

• $100 Billion Opportunity Is Not Enough For African Remittance. (Mambo Brief)

📖 Other News, Reads, and Media

• Airtel Money broke the 10% Share as M-Pesa Slipped Below 90% for the First Time.

🪙 Stablecoin Watch

• Ezeebit raised $2 Million to scale stablecoin payments in Africa.
• Tether expaned to Africa Following Partnership With HoneyCoin.
• Sorted partnered with Kotani Pay to accelerate Stablecoin payments in Africa.

🎥 VIDEO INTERVIEWS/DISCUSSIONS

• Interview with Iyinoluwa Aboyeji on how he built two African Unicorns to prove Africa could.

🦉 Tweet of the Week

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