This website uses cookies

Read our Privacy policy and Terms of use for more information.

Hi Fintech friends 👋

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

  • Two Fintech deals worth over $100 million combined were announced, including one exit.

  • Techcabal Interviewed Co-founder and CEO of Sabi,the $300 Million African Commerce and Payments Service Provider, on Their Remarkable Journey from Zero to $500 Million GMV in 18 Months.

💸Fundraise and Exits

  • Francophone Africa super app, Gozemacquired Beninese fintech startup, Moneex.

  • Egypt's fintech Unicorn MNT-Halanraised $130 million in securitisation.

Cape Town Fintech Happy Hour Event

This week in Fintech and Yoco are hosting a Happy Hour event in Cape Town, South Africa, on November 15, 2023. Secure your tickets now.

💰 Venture Funds

  • CV VCunveiled an ambitious $20 million investment plan in African crypto startups.

  • Global payments giant, Visa,selected 23 African startups for it’s Fintech accelerator

🚀 Partnerships & Product Launches

  • Paystackpartnered with NIBSS to develop a fully digital solution for processing direct debits from customers’ bank accounts.

  • Onafriqpartnered with Ripple to power Africa’s digital asset-enabled cross-border payments 

  • Flutterwavereceived an international money transfer license in Malawi.

  • Ex-Ethereum and Polkadot engineers launched one of Africa's first blockchain infrastructures 

📰 News of the Week

  • Flutterwave CFO Resigned Amid IPO Momentum; Kenyan Court Cleared Second Case, Unlocks $3 Million, and Paves the Way for Flutterwave Kenya's Resolution.

📑 Read of the week

  • 10 commandments of Fintech Venture Investing(Linkedin).

  • How regulation and consumer behavior drives fintech growth in Africa(Rest of world).

📖 Other News, Reads, and Media

  • The Central Bank Of Kenya warned unlicensed payment and money transfer service providers.

  • Report of the state of inclusive instant payment system in Africa was released

  • M-PESATransacted $287 Million in Three Months Since Launch in Ethiopia

  • Challenges of competing with cash in Africa

🎥 VIDEO INTERVIEWS/DISCUSSIONS

  • Zero to $500 million GMV in 18 months - The Sabi journey with Anu Adasolum, Co-founder and CEO of Sabi

🦉 Tweet of the Week

❝

If you have doubled your Nigerian revenue by 2X since 2021, it is still the same number in USD. To investors who think in dollars, you have not grown.— STONΞ (@StoneAtwine) November 6, 2023

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 .

Reply

Avatar

or to participate

KEEP READING


VIEW MORE