Stablecoin growth in Africa

Hi Fintech friends 👋,

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

  • Kenya’s crypto scene is now regulated after President Ruto signed the VASP bill (2025) into law.

  • African Fintech raised $7.5 Million after disbursing over $3 billion in loans for its bank partners. 

  • African VC bet on profitable exits for early-stage investors.

  • Togo’s Super app expanded to Mobile money services.

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💸Fundraise and Exits

  • Jahazii raised $400K to let Kenyan workers access part of their earned wages before payday.

  • Nigerian Travel-Fintech startup Wakanow acquired Ticketing platform Nairabox.

💰 Venture Funds

  • Oui Capital’sOlu Oyinsan bet on profitable exits for early-stage investors.

🚀 Partnerships & Product Launches

  • Cedar launched "Hold" to protect African businesses against FX pressures.

  • Togo’s Gozem expanded into mobile money with a new fintech platform.

👔 Leadership Lineup

  • Flutterwavebuilt the Mafia shaping Africa’s future.

📰 News of the Week

  • Kuunda raised $7.5 Million to drive expansion into the Middle East and North Africa.

Established in 2018, the company has so far enabled over 10 million end users to access credit and has enabled banks to disburse over US$100 million in credit for over 2 million customers every month. Kuunda has disbursed over $3 billion in loans for its bank partners. 

👀 Eye Openers

  • Despite a ₦647 trillion payment boom, Nigeria’s informal sector stayed cash-first.

📑 Read of the week

📖 Other News, Reads, and Media

  • Kenya’s crypto scene is now regulated after President Ruto signed the VASP bill (2025) into law.

🪙 Stablecoin Watch

News;

  • Hyperbridge CTO wanted African financial institutions to issue local stablecoins.

Insights & Resources;

🎥 VIDEO INTERVIEWS/DISCUSSIONS

  • The Interview with Blessing Abeng, She was the CMO and co-founder of Disha, a digital tech startup that caught the attention of an African Unicorn, Flutterwave, leading to a successful acquisition.

🦉 Tweet of the Week

❝

what’s left unsaid is that the excess pyusd minted was $300 trillion worth. a systemic risk as stablecoin infra integrates with tradfi is that private entities can create monetary instruments at scale, constrained only by their own technical controls, not central bank oversight. https://t.co/Xo6VAFBUMe— Ezra 'God' Olubi (@0x) October 19, 2025

Made in Tanzania 🇹🇿 with 💚

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