Africa’s B2B payment companies | Source; Gtxn
Hi Fintech friends 👋,
It has been a busy week with more Fintech announcements, here are the highlights of what happened in African Fintech this week;
Five African Fintechs announced funding deals.
Israel based Fintech Unicorn launched a $4 Million fund to invest in African startups.
Nigerian Fintech launched a consortium-led Naira stablecoin.
Binance executivesued EFCC over unfair detention.
A Nigerian Fintech allegedly involved in scamming employees taxes, laid off its employees who protested for their salaries.
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💸Fundraise and Exits
Tunisian fintech startup EasyBankraised $370k funding round.
Fintech apps are highly recommended by Tunisian consumers
Ivorian Remittance fintech startup Cauridorraised $3.5m seed funding.
AFRICA'S TOP REMITTANCE RECIPIENTS (2024)
Khaznaraised $16 Million Pre-Series B to expand digital banking services in Egypt and beyond.
The Top 13 Fintechs From Egypt
💰 Venture Funds
Saviu II, the francophone-focused fund, reached a second close of €25 million to invest in African startups.
Saviue Ventures 2023 in review
🚀 Partnerships & Product Launches
Nigerian crypto startup BushalistedcNGN, a consortium-led Naira stablecoin.
Nigeria Fintech Map
Fast growing Fintechs in Tanzania
👔 Leadership Lineup
Binance executivesued EFCC over unfair detention.
Tigran Gambaryan
📰 News of the Week
Israeli unicorn StarkWarelaunched a $4 million fund to invest in African blockchain startups.
Africa’s Active VC
The company valued at $8 billion, through its fund might provide grants and investments of between $150,000 to $500,000 and above to early-stage startups building on StarkNet, StarkWare’s proprietary decentralized application platform that operates on the Ethereum blockchain.The fund will target high-potential startups across West, South, and East Africa, focusing on teams combining strong technical skills and local business acumen to create scalable blockchain solutions.
👀 Eye Openers
Is Africa's biggest mobile money provider losing its dominance?
📑 Read of the week
How Tosin Eniolorunda Built a Billion-Dollar Giant by Betting on Nigeria's Underserved Markets.(Linkedin)
📖 Other News, Reads, and Media
Bento abruptly laid off the tech team following protest over delayed January salaries.
🎥 VIDEO INTERVIEWS/DISCUSSIONS
From Banking to DAO: An Interview with Yacob Berhane, Founder of Pariti, Which Helps Growth-Stage Businesses in Underserved Markets Prepare for Investment by Providing Access to a Distributed Global Talent Network.
🦉 Tweet of the Week
New @McKinsey data on financial services in Africa:
• Fintech revenues could reach $47B by 2028, up 4.5x from $10B today
• Overall fin. services TAM is projected to reach $312B by 2028 — with the majority of growth coming from merchant-focused payments, remittances, & lending pic.twitter.com/UmNDBaxqN5— Emeka Ajene ✍🏽 (@eajene) February 4, 2025
🎯 Fintech Opportunities
Applications open for 4th Visa Africa Fintech Accelerator. Apply
Made in Tanzania 🇹🇿 with 💚
