Interswitched $94 Million in revenue (TWIF

Total funding raised by startups in Africa

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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💸Fundraise and Exits

South African fintech Walletedocacquired 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 Kenyastripped PayU Kenya payment license.

👔 Leadership Lineup

How this Nigerian scaled two digital banks.

📰 News of the Week

Interswitchreported 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 Moneybroke 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.
Sortedpartnered 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

❝

Startups in Africa have surpassed the amount raised in 2023. We're back, baby! Next year should see even more growth in funding. Hoping for the exits to match! pic.twitter.com/RW0DGXbzw9— Neto (@docneto) December 9, 2025

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Interswitched $94 Million in revenue (TWIF - Africa 12/15)

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