The African Expansion Starter Pack
Hi Fintech friends 👋,
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Here are the highlights of what happened in African Fintech this week: 👇
Four funding deals were announced.
The world's biggest Payments company partnered with Africa’s stablecoins company to scale B2B payments.
The investor of Africa’s biggest Fintech was raising $300 Million to invest in emerging markets.
South African based Crypto startup relaunched in Kenya ten years after exiting the market.
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💸Fundraise and Exits
💰 Venture Funds
Endeavor Catalyst was raising $3oo Million to deepen its bet on high-growth startups across Africa, Latin America, the Middle East, and Southeast Asia.
🚀 Partnerships & Product Launches
Luno relaunched in Kenya ten years after exiting the market.
Flutterwave secured a payment service provider licence in Cameroon.
👔 Leadership Lineup
Seven months after its CEO stepped down, Leatherbackannounced new leadership.
📰 News of the Week
Visa and Yellow Card partnered to allow businesses send and receive stablecoins.
The partnership will allow both companies to test stablecoin integration on Visa direct, a service which lets businesses send money directly to customers’ bank accounts or to the accounts linked to their debit or credit cards. With this move, businesses will be able to hold dollars in stablecoins and send money easily across borders.
👀 Eye Openers
Africa to the World
📑 Read of the week
8 takeways on the Future of Finance from Money2020 2025. (The Condia)
📖 Other News, Reads, and Media
Mukuru customers faced balance errors after technical glitch.
🎥 VIDEO INTERVIEWS/DISCUSSIONS
Interview with Dare Okodjou, founder of Onafriq who has raised $300 Million to build one of Africa's biggest fintech.
🦉 Tweet of the Week
Capital. A lot of it.
And they got lucky (but it was luck that they created or were prepared for).
Opay raised $500mm+ (or ₦200bn+) thus far to invest in their payments infrastructure. All the payment speed and functionalities we see today, owo lo pa. https://t.co/53u98mLETx— Rufybaba (@Rufyb) June 18, 2025
🎯 Fintech Opportunities
East African Fintechs can apply for €100K Grant funding from Developpp.
Made in Tanzania 🇹🇿 with 💚
