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Hi Fintech friends 👋

I’ll be in Lagos, Nigeria from November 14th to 17th 2025 and would love to connect with those building or investing in Fintech - mainly stablecoins. Let’s connect.

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

  • The Nigerian government backed a VC in a $64 Million deal

  • A VC warned African founders about horrendous cap tables

  •  One of Nigeria Telecom’s fintech arm made $91.64 Million in the first nine months of 2025

  • A Kenyan fintech was accused of racism in its employee share scheme

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💸Fundraise and Exits

  • YC-backed Chariraised an extension round to expand its fintech push.

  • Andasecured $3.4 Million in seed funding for its mobility fintech platform.

💰 Venture Funds

  • A VC warned African founders about horrendous cap tables that are killing companies right from the start.

🚀 Partnerships & Product Launches

  • The Central Bank of Nepal approved LemFi partnershipwith Esewa to operate remittance services.

  • Mukuru partnered with JUMO to offer instant loans on Whatsapp. 

👔 Leadership Lineup

  • Revolutappointed Yacine Faqir as CEO to lead Moroccan expansion.

  • A former employee accusedM-KOPA of Racism in Employee Share Scheme.

📰 News of the Week

  • Ventures Platformsecured $64 Million in first close backed by the Nigerian government and more reputable investors.

Ventures Platform portfolio includes Visa-backed unicorn Moniepoint and Stripe-owned Paystack. The VC welcomed several new and existing LPs, including the International Finance Corporation (IFC), Standard Bank, British International Investment (BII), and Proparco (through its EU-backed Choose Africa VC program). Others include AfricaGrow and Egypt’s Micro, Small & Medium Enterprises Development Agency (MSMEDA). With this fund, the firm said it will also start investing in series A deals.

👀 Eye Openers

  • M-PESAmoved $155.5B, earned $677M, and served 2.3M+ merchants, while Fuliza lent $4.8B with full repayment; making Safaricom’s fintech ecosystem its strongest competitive moat.

📑 Read of the week

  • Africa's Consumer Remittance Startups Are Suddenly Going B2B. (Mambo Brief)

📖 Other News, Reads, and Media

  • MTNNigeria’s fintech arm made$91.64 Million in the first nine months of 2025, but mostly on the back of airtime lending (Xtratime). 

🪙 Stablecoin Watch

News;

  • Ghana banned Banks from Crypto and required User Data Sharing.

Insights & Resources;

  • It took the eNaira 28 months to hit $18 Million but cNGN, a Naira-pegged stablecoin is doing that in 9 months. (The Condia)

🎥 VIDEO INTERVIEWS/DISCUSSIONS

  • Interview with CEO of Weaver Fintech on how tobuild a lending business for a market traditional banks ignore.

🦉 Tweet of the Week

❝

Zap by Paystack: When the Second Act Doesn’t Go as Planned.

When Paystack launched Zap, it felt like déjà vu. A sleek new product, elegant design, backed by one of Africa’s most respected fintechs.

For a moment, everyone thought, here they go again.

The same company that made… pic.twitter.com/u5NF9tPUxO— robinho.eth 🇬🇭 (@ThisDeolaSef) November 9, 2025

Made in Tanzania 🇹🇿 with 💚

👍🏽👎🏽  Did you enjoy this edition of This Week In Fintech Africa? Please share your feedback with me on Twitter or LinkedIn .

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