Moove's Funding rounds

Hi Fintech friends 👋, first, I want you to know that we are adding a “Stablecoin Watch” section to cover and analyze weekly updates in African stablecoins. Here are the highlights of what happened in African Fintech this week

  • A new $20 Million fund was launched to back African stablecoin startups.

  • South African Fintech acquired a local startup.

  • A VC warned African companies they could die if they ignore startups.

  •  Kenyan Fintech shut down after operating for two years.

  • The African Soonicorn eyed $300 Million raise at $2 Billion.

  • Africa’s biggest Fintechreshuffled Compliance Team to Drive Scale.

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💸Fundraise and Exits

  • South African Fintech Street Wallet acquiredDigitip, a local startup enabling digital tipping for informal workers.

  • Zanifuraised an undisclosed amount from Yango Ventures to expand working capital access for SMEs.

💰 Venture Funds

  • A VC warned African companies they could die if they ignore startups.

🚀 Partnerships & Product Launches

  • Egypt’s MoneyHashpartnered with Saudi’s noon to accelerate local payment adoption across MEA.

👔 Leadership Lineup

  • South African fintech, Yocogot a new CEO as Katlego Maphai stepped down after 10 years.

📰 News of the Week

  • Kenyan remittance startup Bontoshut down after two years.

Bonto is shutting down two years after launching, and less than eight months after securing a licence from the Central Bank of Kenya (CBK). Its founder, Copreaux, said the shutdown was due to reasons such as “FX margins collapsing and breakeven scale becoming unrealistic.”

👀 Eye Openers

📑 Read of the week

📖 Other News, Reads, and Media

  • Flutterwave Reshuffled Compliance Team to Drive Scale.

🪙 Stablecoin Watch

News;

  • Circle Ventures backed Africa with $20 Million via CV VC Blockchain Fund; a sign that stablecoin giants are watching Africa closely.

  • Mark Afolabi (ex-Vella Finance acquired by Carbon) launchedStablestack, a cross-border stablecoin bridge for Africa.

Insights & Resources;

  • Why Stablecoins > Banks in West Africa (by Kofi) → On why merchants increasingly trust stablecoins over local banks.

🎥 VIDEO INTERVIEWS/DISCUSSIONS

  • Interview with Joel Yarbrough, CEO of Moment on how he has built Pan African Fintech with Multichoice which has been acquired for $2 Billion.

🦉 Tweet of the Week

❝

I get several inbounds from first-time African founders wanting to know my thoughts on whether their idea is valuable. I always give the same advice:

Often, customers know more about the problem than investors. The teams that scale here solve boring, real problems: inventory…— Jasiel Martin-Odoom (@Jasielinvests) September 19, 2025

Made in Tanzania 🇹🇿 with 💚

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