Hi Fintech friends 👋,

Meet Us at Stable Salons Africa – Kigali, March 9

This month we hosted a successful Stable Salons Africa in Nairobi. You can view the photos here.

Next month we are heading to Kigali for the Kigali Edition.

Expect curated, operator focused conversations on stablecoins, treasury management, and cross border liquidity.

Supported by Binance and Utila. Join us.

Stablecon Salon - Kigali Edition · Luma

🌍 Stablecon Salon - Kigali Edition An intimate evening of conversation with industry stakeholders exploring stablecoins, treasury infrastructure & money…

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

  • An Africa focused fintech investment fund welcomed a new global LP.

  • Africa’s soonicorn fintech denied harming vehicle financing for South African drivers.

  • Nigerian Fintech secured a Fund & Portfolio Manager licence from the Securities and Exchange Commission (SEC).

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💸Fundraise and Exits

  • WafR raised $4 Million to scale embedded finance in Morocco.

  • Kenyan Fintech lender Mogo secured $6.2 Million in local debt.

💰 Venture Funds

  • Dutch Good Growth Fund invested in First Circle Africa Fund I.

  • Development capital slowed the financing of Africa’s venture boom.

🚀 Partnerships & Product Launches

  • Risevest secured a Fund & Portfolio Manager licence from the Securities and Exchange Commission (SEC), Nigeria’s capital market regulator.

  • Grey launched ‘Grey Business’ to Simplify Global Payments for African Startups and SMEs.

👔 Leadership Lineup

  • M-Pesa Africa CEO seen as key to Absa winning over mobile banking users.

📰 News of the Week

  • Araxi acquired 80% Of Pay@ Group In $62.3 Million South African Fintech Deal.

The deal combines Araxi’s cloud, AI and POS capabilities with Pay@’s 9,000+ retail payment points and 150,000+ mobile POS devices across Southern Africa.

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👀 Eye Openers

  • African Tech Startups Funding Report 2025 & Full Startup List.

📑 Read of the week

📖 Other News, Reads, and Media

  • Moove rejected claims it worsened vehicle financing for drivers in South Africa.

🪙 Stablecoin Watch

  • M-pesa went onchain.

  • South African banks shifted from caution to participation in the crypto market.

🎥 VIDEO INTERVIEWS/DISCUSSIONS

  • Interview with Tosin Eniolorunda, Founder and CEO of Moniepoint. From humble beginnings to building Nigeria’s newest unicorn, serving 20 million users and processing over $250 billion. He shared his journey, the lessons behind the scale, and what it truly takes to build something that big.

🦉 Tweet of the Week

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

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