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The Front Page of Fintech

The largest fintech community in the world. Subscribe to our newsletter to stay up to date on the latest in news opinions, and all things financial technology.

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M-Kopa got a new direct competitor (TWIF - Africa 12/29)

M-Kopa got a new direct competitor  (TWIF - Africa 12/29)
In 2024, Stablecoins accounted for 43% of crypto transaction volume in Sub-Saharan Africa

Hi Fintech friends đź‘‹,

Before we begin, i’m excited to share that This Week in Fintech, in partnership with Binance and Utila, is bringing Stable Salon to Africa; a curated series of operator-led discussions on stablecoins and the future of fintech. Get involved.

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

  • A solar financing platform expanded into smartphone financing.
  • Africa’s most valuable fintech doubled down on its commitment to stablecoins.
  • Tanzania’s leading fintech secured a payment license and partnership approval in Uganda.
  • A VC’s latest investment signaled global capital’s push into Africa’s gig fintech sector.

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đź’¸Fundraise and Exits

  • Woliza raised $2.2 Million to scale its Fintech business.
  • BuuPass and Fortune Credit secured $100K each from Africa Business Heroes competition.

đź’° Venture Funds

  • Yango Ventures bet signalled global capital’s push into Africa’s gig fintech.

🚀 Partnerships & Product Launches

  • Nomba added Apple Pay option to let Nigerian businesses sell globally.
  • Nala secured both the Payment Service Provider (PSP) and Payment System Operator (PSO) licences from the Bank of Uganda.

đź‘” Leadership Lineup

  • 2025’s Fintech Controversies led by the Collapse of a Fintech Star Founder.

đź“° News of the Week

  • Sun King expanded into smartphones financing.

Sun King, which designs and sells solar products, has launched a pay-as-you-go (PayGo) installment payment model for smartphones, allowing customers to purchase smartphones without paying the full cost upfront. It will now compete with giants like M-Kopa and other fintechs like CD Care.

đź‘€ Eye Openers

  • Moniepoint's Late Mover Advantage.

đź“‘ Read of the week

  • Africa’s most notable tech deal collapses in 2025. (Techcabal)

đź“– Other News, Reads, and Media

  • Nigerian Banks and fintechs mandated to generate Tax IDs for account holders from January.

🪙 Stablecoin Watch

  • Flutterwave insisted that they are building the biggest Africa’s stablecoin platform.

🎥 VIDEO INTERVIEWS/DISCUSSIONS

  • Interview with Chris Maurice, founder of Yellow Card,  on how stablecoins fix broken fx markets.

🦉 Tweet of the Week

  • While PayPal is expanding into Africa, it now lets U.S. creators withdraw via stablecoins on PayPal.

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 .