Total funding raised by startups in Africa

Hi Fintech friends 👋,

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

  • Three funding deals were announced.

  • Two Nigerian Fintechs issued Global accounts for their users.

  • Nigerian Fintech reported $94 Million in revenue.

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💸Fundraise and Exits

  • South African fintech Walletedocacquired by top lender Capitec in a $23.8 Million deal.

  • Gozem attracted Belife Insurance as a strategic investor in its Series B.

💰 Venture Funds

  • Fintechs led Africa’s 2025 valuation table, even as the market reset.

🚀 Partnerships & Product Launches

  • Moniepoint UK Issued Sterling (GBP) Accounts After EMI Acquisition.

  • LemFi launched multi-currency (USD and GBP) accounts available to users in Nigeria.

  • NALA partnered with BigPay, and expanded to Ghana following Central Bank approval.

  • The Central Bank Of Kenyastripped PayU Kenya payment license.

👔 Leadership Lineup

  • How this Nigerian scaled two digital banks.

📰 News of the Week

  • Interswitchreported 50% revenue growth of ~ $94 Million.

Nigeria remained the primary revenue source for the group, contributing 90% of total revenue, a slight decrease from 94% in 2024. The remaining revenue came from operations in Mauritius, the United Kingdom, and East Africa (Kenya & Uganda).

👀 Eye Openers

  • Last week, M-Pesa complained that its app was blocked by a competitor in Ethiopia. Today, a similar situation is playing out but this time M-Pesa is the one accused of blocking a competitor in Kenya. What does this say about the future of mobile money competition in Africa?

📑 Read of the week

  • $100 Billion Opportunity Is Not Enough For African Remittance. (Mambo Brief)

📖 Other News, Reads, and Media

  • Airtel Moneybroke the 10% Share as M-Pesa Slipped Below 90% for the First Time.

🪙 Stablecoin Watch

  • Ezeebit raised $2 Million to scale stablecoin payments in Africa.

  • Tether expaned to Africa Following Partnership With HoneyCoin.

  • Sortedpartnered with Kotani Pay to accelerate Stablecoin payments in Africa.

🎥 VIDEO INTERVIEWS/DISCUSSIONS

  • Interview with Iyinoluwa Aboyeji on how he built two African Unicorns to prove Africa could.

🦉 Tweet of the Week

❝

Startups in Africa have surpassed the amount raised in 2023. We're back, baby! Next year should see even more growth in funding. Hoping for the exits to match! pic.twitter.com/RW0DGXbzw9— Neto (@docneto) December 9, 2025

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