Cryptocurrency value received by Sub-Saharan Africa compared to the rest of the world

Hi Fintech friends 👋,

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

  • Three African Fintechs announced funding deals.

  • Ex Visa executive launched a stablecoin based peer to peer payment platform for Africa.

  • Nigeria mandated Fintechs and Banks to geotagg POS within 60 days or risk being shut down.

  • Nigerian Crypto startup listed cNGN Stablecoin.

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💸Fundraise and Exits

  • South African Fintech StraTechraised undisclosed funding to accelerate expansion of its corporate finance products.

  • Tanzania-based credit scoring fintech BlackSwan and Kenya-based salary advance fintech Jahaziisecured €100K each from DeveloPPP Ventures.

💰 Venture Funds

  • Start-up funding in Africa reached $2 Billion as of mid-August 2025.

🚀 Partnerships & Product Launches

  • Paystack and FAAN launched tap and pay card for payments in Nigerian airports.

👔 Leadership Lineup

  • Ex-Visa, Absa, and Citi Executive LaunchedStablePay, a peer to peer Stablecoin Payments Platform for Africa.

📰 News of the Week

  • Nigeria mandated POS geotagging, placing a 60-day test on fintechs.

The Central Bank ordered operators including Moniepoint, OPay, PalmPay, and traditional banks to geo-tag over 4.2 million terminals within 60 days or risk being shut down.

Under the new rules, PoS terminals must be registered with precise GPS coordinates tied to the merchant’s physical address. Devices will be restricted to a 10-meter operating radius, and any terminal not geo-tagged by the October 20 deadline will be disabled.

👀 Eye Openers

  • Stablecoins made up 43% of Sub-Saharan Africa’s crypto transactions in 2024.

Total stablecoins received by country, Jul 2023 - Jun 2024

📑 Read of the week

  • The Problem of Banded Pricing and Mobile Money. (Firas Ahmad)

📖 Other News, Reads, and Media

🎥 VIDEO INTERVIEWS/DISCUSSIONS

  • Interview with Hisham Halbouny, Managing Partner at P1 Ventures, a $50 Million Fund that invested in African Fintechs like Brass, Juicyway, Traction, KotaniPay and more. Hisham also backed global companies like Uber, Airbnb and Spotify.

🦉 Tweet of the Week

❝

This thing is very confusing to me.

When South African entities are referring to models of successful instant payment systems, they are quick to mention Brazil and India.

What happened to your African counterpart? Are we not 'emerging mkt' enough or you don't consider us peers? pic.twitter.com/zqtdeN3KtW— Benjamin Dada (@DadaBen_) August 29, 2025

🎯 Fintech Opportunities

  • African fintechs are invited to apply for Google for Startups Accelerator Africa.

Made in Tanzania 🇹🇿 with 💚

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