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The first salon brings together senior fintech operators and regulators in Nairobi for practical dialogue and high-signal networking.

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🌍 Stable Salons Nairobi An intimate evening of conversation exploring stablecoins, treasury infrastructure & money movement. Connect with builders, founders,…

This Week in Fintech

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

• One of the world’s biggest payment companies returned to Nigeria after 20 years.
• A Nigerian unicorn processed $294 Billion in 2025.
• Customers of Ivorian Fintech owed over $1 Million months after alleged cyberattack.
• A Nigerian fintech founder whose company shut down rebutted fraud allegations.

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This Week in FintechSabrina Baxter

💸Fundraise and Exits

• Egyptian payroll Fintech NowPay raised $20 Million to expand into Saudi Arabia.

💰 Venture Funds

• Africa’s startup funding shifted from growth to Infrastructure in 2025.

🚀 Partnerships & Product Launches

• YC backed Grey launched upgraded virtual cards with Apple Pay and Google Pay Support.
• Kuda MFB planned to expand experience centres after the national bank licence upgrade.

👔 Leadership Lineup

• Thepeer Co-Founder Michael Okoh rebutted Fraud allegations.
• Kenyan fintechs poached aggressively from banks but now the talent is returning.

📰 News of the Week

• PayPal returned to Nigeria after two decades.

PayPal, which exited Nigeria in 2004 citing fraud concerns, partnered with Paga to operate in the country’s $754.08 Billion digital payments market in 2024. Through this partnership, Nigerian users can link their PayPal accounts to their Paga wallets, receive payments from more than 200 countries, and withdraw funds instantly in naira.

👀 Eye Openers

• Moniepoint’s transaction volume jumped to 14 Billion, worth $294 Billion.   But the bigger story isn’t the dollar value, it‘s distribution: the company now processes eight out of 10 in-person payments in Nigeria.

📑 Read of the week

• Why Visa, Mastercard, and Stripe aren’t threatened by crypto. (Jess Houlgrave)

📖 Other News, Reads, and Media

• CinetPay customers owed over $1 Million months after alleged cyberattack. 

🪙 Stablecoin Watch

• Top 10 African countries by crypto transaction volume in 2025.

🎥 VIDEO INTERVIEWS/DISCUSSIONS

• Interview with Sheel Mohnot,  a global fintech investor and early backer of Africa’s unicorn Chipper Cash. Previously, he built FeeFighters (acquired by Groupon), Innovative Auctions, and Thistle, and has angel-invested in category-defining companies including Ramp, Flexport, and Mercury.

🦉 Tweet of the Week

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