Hi Fintech friends 👋,
Here are the highlights of what happened in African Fintech this week;
One of East Africa’s crypto bills passed the assembly stage.
A $15 Million fund planned to find Web3 Unicorns in emerging markets.
Ex-YC-backed founders launched a neobank for Africa.
CEO of Africa’s most valuable Fintech bet on Stablecoin as Africa’s next financial leap.
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💸Fundraise and Exits
Egyptian Sharia-compliant Fintech Sabikaraised a six-figure US dollar investment to grow its presence in Egypt and the Gulf.
💰 Venture Funds
Lisk’s$15 million fund planned to find Web3 unicorns in emerging markets.
🚀 Partnerships & Product Launches
👔 Leadership Lineup
Ex-YC-backed founders launchedCloud9, a neobank for Africa.
📰 News of the Week
Kenya’s crypto bill passed the assembly stage.
The National Assembly approved the Virtual Asset Service Providers (VASP) Bill at the committee stage on Thursday. The draft law now heads to a third reading before being sent to President William Ruto for assent.
👀 Eye Openers
Is this the start of a new era for payments, or a step back for smaller players?
📑 Read of the week
If M-Pesa Breaks, Kenya Stops. If M-Pesa Breaks, Tanzania Keeps Moving Like Nothing Happened. (Cofounders Notebook).
📖 Other News, Reads, and Media
Senegal launched the Interoperable Instant Payment Platform (PI-SPI) to boost digital public Infrastructure.
🪙 Stablecoin Watch
News;
Flutterwave CEO bet on stablecoins as Africa’s next financial leap.
Insights & Resources;
Stablecoin adoption is growing in Francophone Africa, but can regulators keep up? (Techcabal).
🎥 VIDEO INTERVIEWS/DISCUSSIONS
From Near-Bankruptcy to a Path to Profitability: Inside Jumia's Brutal Transformation.
🦉 Tweet of the Week
You guys are actually very interesting but it shows because you’ve never built products before.
You think everything is a hit on your* “market”
There are just certain things you can’t build for the Nigerian market. We’re not an experimentation economy. We don’t enable… https://t.co/7EvUQIeFaB— njokuscript.eth (@njokuScript) October 5, 2025
Made in Tanzania 🇹🇿 with 💚
