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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.

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This Week In Fintech - Africa (12/31)

This Week In Fintech - Africa (12/31)
How African startups raised Seed & Series A funding rounds in 2022/2023

Hi Fintech friends 👋

This is the last week of 2023, where a lot has happened in Fintech. Before we delve into what happened in African Fintech this week, you should take a step back to our last week’s newsletter, where we recapped some of the major events that occurred in African Fintech throughout the year 2023.

This week has been slow as the holiday continues, with fewer deals and announcements. Below are the highlights of what happened in African Fintech this week.

  • A Fintech deal was announced.
  • An African VC and incubator launched its operations.
  • A partnership was announced to boost African MSMEs.
  • African Fintech celebrated a $450 million transaction milestone.

💸 Fundraise and Exits

  • Koree raised $200K to build the largest reward scheme in Africa.

💰 Venture Funds

  • Egyptian tech-focused VC firm and incubator T-vencubator launched operations.
  • A Journey of Resilience & Impact: Aruwa Capital's Evolution Over the Years.

🚀 Partnerships & Product Launches

  • Egyptian startup Qardy partnered Cashcall to boost MSMEs.


📑 Read of the week

  • How the 2023 predictions by African investors turned out (Benjamindada) .
  • The hits and misses of Southern Africa tech in 2023 (Techcabal)


📖 Other News, Reads, and Media

  • Crypto cyberhack losses halved in 2023.
  • Anchor celebrated a $450 Million transaction milestone.
  • Nigeria’s Crypto Industry Geared Up for Growth After Ban Reversal.

🎥 VIDEO INTERVIEWS/DISCUSSIONS

  • 2024 VC Outlook by Dr Ola Brown, a VC at HealthCap Africa whose portfolio include African Fintechs Nestcoin and Payhippo.

🦉 Tweet of the Week

🎯 Fintech Opportunities

  • FairMoney is hiring for Vertical Lead - Merchant Acquiring.

Happy New Fintech Year 🎉

As the Fintech clock resets, here’s to a year of disruptive innovation and financial milestones! Happy New Year in Fintech .

Made in Tanzania 🇹🇿 with 💚

👍🏽👎🏽  Did you enjoy editions of This Week In Fintech Africa 2023? Please share your feedback with me on Twitter or LinkedIn .