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Meet Us at Stable Salons Africa – Nairobi, Feb 10

We are launching Stable Salons Africa – curated, operator-focused conversations on stablecoins, treasury management, and cross-border liquidity.

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

Supported by Binance, Utila & Checker.Join us:

Stable Salons - Nairobi · Luma

🌍 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;

• Two funding deals were announced.
• Nigeria’s dearest Fintech just became a bank.
• The world’s biggest ride-hailing platform dropped card payments in Kenya.
• Nigeria’s Neo Bank cut losses to $5.8 Million, processed over $20 Billion and planned to launch in Tanzania and Canada.

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This Week in FintechSabrina Baxter

💸Fundraise and Exits

• Paycrest raised a $404K pre-seed round to build decentralised stablecoin-to-fiat settlement infrastructure.
• Cardtonic raised $2.1 Million in seed funding to build an independent B2B card spend management platform.

💰 Venture Funds

• Circle Ventures launched the Arc Builders Fund.

🚀 Partnerships & Product Launches

• Airtel Money planned to launch an overdraft service to break M-pesa’s Fuliza monopoly.
• Kuda Bank planned to launch in Tanzania and Canada after processing over $20 Billion in 2025.
• Capi Money UK secured FCA EMI Authorization to Accelerate UK–Africa Payments.

👔 Leadership Lineup

• Flutterwave CEO shared why Regulation Is the Secret Ingredient To Innovation.

📰 News of the Week

• Paystack acquired Ladder Microfinance Bank to move beyond traditional payments.

The deal granted Paystack a microfinance banking license, enabling the company to hold deposits and issue loans, capabilities it could not previously offer under its switching and payments-only license.

👀 Eye Openers

• Uber dropped Visa card payments in Kenya. What is the future of global payment providers in Africa?

📑 Read of the week

• 2026 preview: Industry regulations that fintechs should watch out for this year. (TechNext)
• We should all be prophets. (Ngozi)

📖 Other News, Reads, and Media

• Safaricom clarified automatic M-PESA deductions for Kenya’s health levy.
• Kuda cut losses to $5.8m as Fintech shifted focus to profitability.

🪙 Stablecoin Watch

• Nigeria doubled capital thresholds for digital asset platforms to $1.4 Million.
• Nala partnered with UK-based payments infrastructure provider Noah to launch a stablecoin-powered cross-border settlement network connecting Africa and Asia.

🎥 VIDEO INTERVIEWS/DISCUSSIONS

• Interview with David Nandwa, Founder and CEO of HoneyCoin, a cross border payments company which processes $150 Million monthly. He shared what it takes to move money across borders reliably, fast and affordably.

🦉 Tweet of the Week

Made in Tanzania 🇹🇿 with 💚

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