African Unicorns
Hi Fintech friends 👋,
Here are the highlights of what happened in African Fintech this week;
South African bank acquired Fintech startup for $93.3 Million in an all cash deal.
Kenyan fintech which processes $150 Million per month raised $4.9 Million.
Nigeria’s latest Unicorn launched a POS terminal to play a long enterprise game.
Egyptian Fintech generated $53.7 million in gross revenue in H1 2025.
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💸Fundraise and Exits
Kenya’s HoneyCoin raised $4.9 Million to transform stablecoin-powered payments.
South Africa’s Street Wallet raised $350K to expand QR payments for informal traders.
💰 Venture Funds
TLcom reached midpoint deployment in $5 Million TAPSI fund with key bet on TurnStay.
🚀 Partnerships & Product Launches
Moniepoint launched a new POS terminal to play a long enterprise game.
👔 Leadership Lineup
Meet the ex-comedy star who built a fintech to tackle Australia’s $2B remittance problem.
📰 News of the Week
Nedbankacquiredikhokha for $93.3 million in an all cash deal.
Established in 2012 in Durban, iKhokha offers mobile PoS devices, a mobile app for card payments, and business management tools. The fintech processes over $1.1 Billion in annual digital payments.
👀 Eye Openers
Nigeria collected $55.5 Million(₦84.97) in six months after adding the transfer levy to fintechs.
📑 Read of the week
Building Wealth as an African Employee.(Babajide)
📖 Other News, Reads, and Media
Egyptian Fintech Valugenerated $53.7 million in gross revenue in H1 2025.
🎥 VIDEO INTERVIEWS/DISCUSSIONS
Interview with David Nandwa, CEO of HoneyCoin, a platform processing over $150 Million in stablecoin payments each month, now fresh off a $4.8 Million raise to scale beyond.
🦉 Tweet of the Week
Moove is a contender.
If this happens, Nigeria becomes the country with the most unicorns in Africa, and Moove will join Flutterwave, Moniepoint, Interswitch, Opay, and Andela on that coveted list.
And it makes Iyin Aboyeji the official Unicorn minter (3/5). No one else in… https://t.co/KuzTqs0Hfd pic.twitter.com/6laPdIROKD— Fatu (@fatuogwuche) August 13, 2025
🎯 Fintech Opportunities
African fintechs are invited to apply for Visa Accelerator Program Cohort 5.
Made in Tanzania 🇹🇿 with 💚
