Financial-services revenues in Africa are expected to grow by 10 percent a year until 2025, with payments and wallets being the fastest-growing products.

Hi Fintech friends 👋,

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

  • Three funding deals were announced.

  • Former CFO of Africa’s biggest Fintech launched his own stablecoin based startup.

  • Kenyan focused VC bid $24.5 Million to acquire a struggling BNPL Kenyan Fintech.

  • Africa’s biggest B2B ecommerce platform received a Central Bank approval to launch Cash in and out fintech service.

  • One of the world's biggest Payments companies opened a local office in Tanzania. 

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💸Fundraise and Exits

  • Morocco-based superapp ORA Technologiesraised $7.5 million in Series A to fortify its digital cash collection infrastructure.

  • Egyptian fintech startup PALMraised a seven-figure pre-seed funding round to revolutionize savings.

  • South Africa based MoneyBadgersecured $400K pre-seed to grow Bitcoin retail payments.

💰 Venture Funds

  • Kenyan-focused VC, Engage Capitalmade a $24.5 million offer to acquire a struggling Kenyan BNPL Fintech Lipa Later.

🚀 Partnerships & Product Launches

  • Sanupay and OpenWaylaunched Ethiopia’s first local credit card.

  • MaxAB-Wasokosecured Central Bank approval to enable cash deposits and withdrawals for informal retailers through its mobile app.

  • Visaopened a local office in Tanzania, eyes Tanzania’s digital payment growth

👔 Leadership Lineup

  • Former CFO of Flutterwavelaunched his own stablecoin Fintech.

📰 News of the Week

  • Moniepoint, PiggyVest, M-KOPA, Interswitch named among world’s top 300 fintechs by CNBC.

Interswitch, Opay, Palmpay, and Moniepoint were named in the payment category, along with Paymob and Yoco from Egypt and South Africa, respectively. Piggyvest is the only Nigerian and African fintech in the wealth technology category.  M-KOPA and Tola were listed in the alternative financing category.

👀 Eye Openers

  • The biggest fintech companies in Nigeria (2025): 

📑 Read of the week

  • Stablecoins in Africa. (lava)

📖 Other News, Reads, and Media

  • Kenya’s Wabehscaled back BNPL rollout to focus on underwriting and select markets.

🎥 VIDEO INTERVIEWS/DISCUSSIONS

  • Africa processes $2 million in mobile money every minute today but what will payments on the continent look like by 2035? Answers from Wiza Jalakasi, Director of Africa Market Development at Brazilian unicorn EBANX, Mathias Léopoldie, CEO & Co-founder of Ivorian B2B payments platform Julaya and Francis Ogbuka – VP of Sales & Business Development at Nigerian blockchain-powered payments platform Zone.

🦉 Tweet of the Week

❝

Disposable income in Africa is a myth

96% of people live on less than $10 per day

And disposable income levels are generally 15-30% of the world avg

That's why many of Africa's startups today focus on B2B opportunities or consumer essentials

You can't get blood from a stone pic.twitter.com/BcmISuZ4tE— Emeka Ajene ✍🏽 (@eajene) July 21, 2025

🎯 Fintech Opportunities

Made in Tanzania 🇹🇿 with 💚

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