Hi Fintech friends 👋,
Here are the highlights of what happened in African Fintech this week;
A stablecoin fintech bootstrapped its way to $5.3 Million in TPV.
Two Japanese VCs launched $20 Million fund targeting African fintechs.
Africa's most valuable Fintech expanded to power Africa-Asia cross border payments.
YC alum and ex-FairMoney executive returned with travel-focused fintech.
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💸Fundraise and Exits
South African fintech iKhokha “to run as per normal” after Nedbank’s $93 million acquisition.
💰 Venture Funds
Two Japanese VCs launched $20 Million fund targeting African fintechs.
🚀 Partnerships & Product Launches
👔 Leadership Lineup
📰 News of the Week
Betalingbootstrapped its way to $5.3 Million in stablecoin TPV.
Bootstrapped without outside funding or a tech platform, Betaling processed $5.3 Million in cross-border stablecoin payments last year using WhatsApp, spreadsheets, mobile money, and trusted networks. The team is now raising $250K to build its MVP, automate operations, and scale.
👀 Eye Openers
“Tanzania is by several measures the most expensive mobile money market for consumers and businesses in the world by percentage cost of value transacted”
📑 Read of the week
Comparing South African startups & Amapiano artists (for some reason). (Tech Aways)
📖 Other News, Reads, and Media
Kenya’s tech sector overtook banking, manufacturing, and retail as the leading destination for foreign direct investment.
🎥 VIDEO INTERVIEWS/DISCUSSIONS
Interview with Mike Hudack, CEO of Sling Money and a seasoned product leader from Facebook, Monzo, and Deliveroo. He shared how SlingMoney is using stablecoin infrastructure to build a global social payments network, aiming to make money movement as instant and free as communication.
🦉 Tweet of the Week
Logged in to see a lot of people asking me what I’m seeing in Monepoint. Here’s my abridged investment thesis :
SMEs contribute say 50% of Nigeria’s GDP, yet traditional banks have never cracked SME banking.
Moniepoint somehow managed to flip this by embedding itself directly… https://t.co/hZZMvIHSxc— Ewgi (@Ssaasquatch) August 22, 2025
🎯 Fintech Opportunities
African fintechs are invited to apply for Visa Accelerator Program Cohort 5.
Made in Tanzania 🇹🇿 with 💚
