The Front Page of Global Fintech

The largest fintech community in the world. Subscribe to our newsletter to stay up to date on the latest in news opinions, and all things financial technology.

Image Description

The Front Page of Global Fintech

The largest fintech community in the world. Subscribe to our newsletter to stay up to date on the latest in news opinions, and all things financial technology.

Image Description

This Week In Fintech - Africa (11/12)

This Week In Fintech - Africa (11/12)
Porto Novo, capital of Benin

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, Gozem acquired Beninese fintech startup, Moneex.
  • Egypt's fintech Unicorn MNT-Halan raised $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 VC unveiled 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

  • Paystack partnered with NIBSS to develop a fully digital solution for processing direct debits from customers’ bank accounts.
  • Onafriq partnered with Ripple to power Africa’s digital asset-enabled cross-border payments 
  • Flutterwave received 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-PESA Transacted $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

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 .