Hello Fintech friends 👋,
Happy new month! As June begins, African fintech is moving fast. From major liquidity facilities reshaping cross-border payments to strategic AI driven plays, here are three must know headlines from last week of May:
Global payment infrastructure scaled rapidly following a fifty-million-dollar liquidity injection.
Local merchant commerce advanced significantly through a strategic AI startup acquisition.
Continental mobile money ecosystems expanded dramatically as a major cross-border integration went live.
📰 News of the Week
Nala secured a $50 million credit line to expand its stablecoin network.
Tanzanian fintech Nala secured a $50 million facility from Liquidity and Mars Growth Capital to aggressively scale its real time, global stablecoin payment infrastructure amid surging cross-border demand. Backed by 17 global regulatory approvals, the expansion leverages Nala’s highly profitable B2B infrastructure (Rafiki) and core consumer channels to build borderless financial infrastructure for the next billion.
Fundraise and Exits
Fintech giant Yoco acquired Dyner Ai to bring AI tools to South African SMEs.
Venture Funds
AHL Venture Partners closed its Africa Credit Fund at $30.5 million.
Partnerships & Product Launches
FairMoney launched asset financing for struggling Nigerian logistics and delivery entrepreneurs.
Bujeti rolled out a payroll feature to bridge HR and finance workflows.
Vodacom M-Pesa Tanzania partnered with PayPal to enable global wallet transfers.
ACI Worldwide and UBX Tanzania expanded their partnership to boost payments capacity.
Ecentric launched POSPay to enable branded payment services for South African vendors.
Read of the week
African diaspora banks could easily outperform the continent's top five combined.
Other News, Reads, and Media
The Central Bank of Nigeria extended the PoS operating radius to 70 metres.
Moniepoint pledged $2.19 million to build tech hubs at Nigerian universities.
A Chimoney user still awaited a $355 refund 38 days after shutdown.
Kenya’s Capital Markets Authority officially licensed Chumz and Pesa Bridge platforms.
Tanzanian fintech Swahilies secured official Central Bank of Tanzania approval for digital business payments.
Stablecoin & Crypto Watch
Video Interviews/Discussions
MoneyGram CEO Anthony Soohoo discusses transforming their 85-year-old retail network into an open API layer. He details how integrating stablecoins and AI creates powerful 24/7 global cash off-ramps, turning traditional cash into modern blockchain inventory.
Tweet of the Week
Made in Tanzania 🇹🇿 with 💚
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