Hi Fintech friends 👋,

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

• South African Travel Fintech raised $2 Million.
• Egypt’s VC launched seed-stage investment firm.
• One of East Africa’s Central Bank proposed to licence non-bank lenders with loan books exceeding $155,000.
• Nigerian Fintech promised one-click checkout. Now its employees are checking out.

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This Week in FintechSabrina Baxter

💸Fundraise and Exits

• South African travel fintech TurnStay raised $2 Million to accelerate Africa expansion.
• ViFi Labs acquired OneRamp to accelerate stablecoin adoption in Africa and LATAM.

💰 Venture Funds

• Nigerian startups lagged as Kenya dominated Africa’s $550 Million funding in July 2025.
• Egypt’s Flat6Labs launched seed-stage investment firm F6 Ventures.

🚀 Partnerships & Product Launches

• Kenya’s central bank proposed to licence non-bank lenders with loan books exceeding $155,000.

👔 Leadership Lineup

• OurPass promised one-click checkout. Now its employees are checking out.

📰 News of the Week

South African fintech startups to watch in 2025.  

• Tata-iMali;  which raised $150K Angel round from CTO of Ripple, is building a low-cost blockchain wallet and point-of-sale system for South African merchants that find traditional card machines too expensive or complicated. 
• Turnstay;  a travel fintech which raised $2 Million this month, helps African hotels, guesthouses, and travel companies get paid, especially by international customers.
• Sticitt; which is is live in 841 schools and serves over 75,700 users, and has facilitated transactions worth over $340 million, is a cashless payments and financial literacy platform, helps schools and other organisations, like clubs or student bodies, to receive and manage payments.
• UsPlus; helps small and medium-sized businesses (SMEs) get quick access to credit and has advanced more than $130 million to SMEs on its platforms.

👀 Eye Openers

• “Locals Win Local Payments  But Not Cross-Border Liquidity”  - Cofounders Notebook 

📑 Read of the week

• A guide to fundraising from the founder of Africa’s latest fintech Unicorn.(Disrupt Africa)

📖 Other News, Reads, and Media

• Tanzania’s digital payments hit $11.6 billion.
• 22 startups selected for 4th Visa Africa Fintech Accelerator.

🎥 VIDEO INTERVIEWS/DISCUSSIONS

• Interview with Rinse Jacobs, CEO of Zazu, a South Africa-based neobank building a comprehensive financial platform for small and medium-sized enterprises.

🦉 Tweet of the Week

🎯 Fintech Opportunities

• African fintechs are invited to apply for Visa Accelerator Program Cohort 5. 

Made in Tanzania 🇹🇿 with 💚

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