Hi Fintech friends 👋,

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

  • South African Travel Fintech raised $2 Million.

  • Egypt’s VC launched seed-stage investment firm.

  • One of East Africa’s Central Bank proposed to licence non-bank lenders with loan books exceeding $155,000.

  • Nigerian Fintech promised one-click checkout. Now its employees are checking out.

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💸Fundraise and Exits

  • South African travel fintech TurnStayraised $2 Million to accelerate Africa expansion.

  • ViFi LabsacquiredOneRamp to accelerate stablecoin adoption in Africa and LATAM.

💰 Venture Funds

  • Nigerian startups lagged as Kenya dominated Africa’s $550 Million funding in July 2025.

  • Egypt’s Flat6Labslaunched seed-stage investment firm F6 Ventures.

🚀 Partnerships & Product Launches

  • Kenya’s central bank proposed to licence non-bank lenders with loan books exceeding $155,000.

👔 Leadership Lineup

  • OurPasspromised one-click checkout. Now its employees are checking out.

📰 News of the Week

South African fintech startups to watch in 2025.  

  • Tata-iMali;  which raised $150K Angel round from CTO of Ripple, is building a low-cost blockchain wallet and point-of-sale system for South African merchants that find traditional card machines too expensive or complicated. 

  • Turnstay;  a travel fintech which raised $2 Million this month, helps African hotels, guesthouses, and travel companies get paid, especially by international customers.

  • Sticitt; which is is live in 841 schools and serves over 75,700 users, and has facilitated transactions worth over $340 million, is a cashless payments and financial literacy platform, helps schools and other organisations, like clubs or student bodies, to receive and manage payments.

  • UsPlus; helps small and medium-sized businesses (SMEs) get quick access to credit and has advanced more than $130 million to SMEs on its platforms.

👀 Eye Openers

📑 Read of the week

  • A guide to fundraising from the founder of Africa’s latest fintech Unicorn.(Disrupt Africa)

📖 Other News, Reads, and Media

  • Tanzania’s digital payments hit $11.6 billion.

  • 22 startups selected for 4th Visa Africa Fintech Accelerator.

🎥 VIDEO INTERVIEWS/DISCUSSIONS

  • Interview with Rinse Jacobs, CEO of Zazu, a South Africa-based neobank building a comprehensive financial platform for small and medium-sized enterprises.

🦉 Tweet of the Week

❝

Why is it so expensive to send money to Africa?! Three major external costs that cross-border payment companies face👇— Nicolai (@NicolaiEddy) August 10, 2025

🎯 Fintech Opportunities

  • African fintechs are invited to apply for Visa Accelerator Program Cohort 5.

Made in Tanzania 🇹🇿 with 💚

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