Hi Fintech friends 👋,
Here are the highlights of what happened in African Fintech this week;
Africa’s Unicorn raised $137 Million debt to expand mobile services Across Africa
Nigerian investment firm acquired a Fintech
Marketshare of Africa's biggest mobile money company dropped for the sixth straight quarter
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💸Fundraise and Exits
💰 Venture Funds
Startup investments with GDP (PPP) per capita in Africa
🚀 Partnerships & Product Launches
Asset Chainlaunched P2P blockchain trading platform with zero fees.
👔 Leadership Lineup
Visaappointed Aminata Kane as Head of Western and Central Africa.
📰 News of the Week
M-PESA’smarket share dropped for sixth straight quarter as Airtel Money gained ground.
M-Pesa lost market share From 97% in Q4 2023 to 90.8% in Q1 2025. Airtel Money’s share rose to 9.1% in Q1 2025, up from 8.9% the previous quarter and just 2.9% two years ago. Its growth has been supported by fee refunds, lower transaction costs, and partnerships with supermarket chains like Naivas to expand agent access.
👀 Eye Openers
Nigeria is the Africa’s Fintech Power House
📑 Read of the week
Blockchain Industry Research Reports (CV VC)
📖 Other News, Reads, and Media
Seychelles dusted Nigeria, South Africa, others as it recieved 33% of Africa’s blockchain funding.
🎥 VIDEO INTERVIEWS/DISCUSSIONS
Interview with Ocean who quit law to build, Tyme Bank, Africa’s first Global Bank with 17 million users.
🦉 Tweet of the Week
Moniepoint is trending because their Principal Software Engineer, Julian Duru has retired aged 28, after 10yrs at MoniePoint.
Duru is behind idea of virtual accounts which is now used across fintechs in Africa today.
A UNILAG boy from ISL. He finished #8 in 2009 WASCE in the… pic.twitter.com/AmM5MGYeIs— Trending Explained (@TrendingEx) June 27, 2025
🎯 Fintech Opportunities
Today is the deadline for East African Fintechs to apply for €100K Grant funding from Developpp.
Made in Tanzania 🇹🇿 with 💚
