Hi Fintech friends 👋, first, I want you to know that we are adding a “Stablecoin Watch” section to cover and analyze weekly updates in African stablecoins. Here are the highlights of what happened in African Fintech this week

• A new $20 Million fund was launched to back African stablecoin startups.
• South African Fintech acquired a local startup.
• A VC warned African companies they could die if they ignore startups.
•  Kenyan Fintech shut down after operating for two years.
• The African Soonicorn eyed $300 Million raise at $2 Billion.
• Africa’s biggest Fintech reshuffled Compliance Team to Drive Scale.

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This Week in FintechSabrina Baxter

💸Fundraise and Exits

• South African Fintech Street Wallet acquired Digitip, a local startup enabling digital tipping for informal workers.
• Zanifu raised an undisclosed amount from Yango Ventures to expand working capital access for SMEs.

💰 Venture Funds

• A VC warned African companies they could die if they ignore startups.

🚀 Partnerships & Product Launches

• Egypt’s MoneyHash partnered with Saudi’s noon to accelerate local payment adoption across MEA.

👔 Leadership Lineup

• South African fintech, Yoco got a new CEO as Katlego Maphai stepped down after 10 years.

📰 News of the Week

• Kenyan remittance startup Bonto shut down after two years.

Bonto is shutting down two years after launching, and less than eight months after securing a licence from the Central Bank of Kenya (CBK). Its founder, Copreaux, said the shutdown was due to reasons such as “FX margins collapsing and breakeven scale becoming unrealistic.”

👀 Eye Openers

• Moove eyed $300 Million round at a $2 Billion Valuation. Moove grew its revenues from about $50 million in 2024, when it was valued near $750 million, to nearly $400 million in annualized recurring revenue by September 2025.

📑 Read of the week

• The myth of African market expansion.(Adedeji Olowe)

📖 Other News, Reads, and Media

• Flutterwave Reshuffled Compliance Team to Drive Scale.

🪙 Stablecoin Watch

News;

• Circle Ventures backed Africa with $20 Million via CV VC Blockchain Fund; a sign that stablecoin giants are watching Africa closely.
• Mark Afolabi (ex-Vella Finance acquired by Carbon) launched Stablestack, a cross-border stablecoin bridge for Africa.

Insights & Resources;

• Why Stablecoins > Banks in West Africa (by Kofi) → On why merchants increasingly trust stablecoins over local banks.

🎥 VIDEO INTERVIEWS/DISCUSSIONS

• Interview with Joel Yarbrough, CEO of Moment on how he has built Pan African Fintech with Multichoice which has been acquired for $2 Billion.

🦉 Tweet of the Week

Made in Tanzania 🇹🇿 with 💚

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