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Hello Fintech friends 👋,

Africa’s fintech is entering its infrastructure era. Long held back by weak rails, it is now rebuilding payments, scaling stablecoin infrastructure, and enabling tokenized assets. The shift is structural, not incremental. This week is the testament to this.

Here is what went down this week:

  • Payment infrastructure was upgraded strengthening the national and cross border rails.

  • Stablecoin based payment network expanded through strategic partnership.

  • Tokenised US assets were introduced, enabling broader investor access in Africa.

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📰 News of the Week

  • Egyptian fintech MNT-Halan reached a $1.4 billion valuation after securing a new investment round.

Egyptian fintech unicorn MNT-Halan reached a $1.4 billion valuation following a strategic investment round. Led by Al Ahly Capital, the investment arm of the National Bank of Egypt, this marked the company's first equity partnership with a commercial bank. Capital will fund operational expansion in Egypt and broader regional growth.

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Fundraise and Exits

  • Blnk secured $37.1 million in Series A and debt financing.

  • Sika Financial Group secured $2 million to build cross-border financial infrastructure.

  • OneDosh raised an additional $1 million for its borderless finance platform.

  • CreditChek raised $600,000 to expand credit infrastructure across East Africa.

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Infographic

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Leadership Lineup

  • Stanbic IBTC appointed Hydrogen’s CEO Kemi Okusanya to lead Zest Payments.

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Partnerships & Product Launches

  • Yuno partnered with Onafriq to unlock seamless pan-African payment capabilities.

  • BNB Liberia and Orange Money launched a cross-border remittance service.

  • Payaza partnered with Scholarships Cafe to simplify international student payment processes.

  • OneKhusa partnered with Blantyre City Council to digitize municipal rate payments.

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Read of the week

  • Why 90% of the neobanks will die.

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Stablecoin & Crypto Watch

  • Crossmint and Paga Group partnered to accelerate stablecoin adoption across Africa.

  • Roqqu partnered with Ondo Finance to offer tokenized U.S. stock investments.

  • ⁠The Bank of Ghana restricted unauthorized foreign currency wallets to protect the local economy.

  • ⁠Zimbabwe formally introduced a new regulatory licensing framework for digital asset service providers.

  • ⁠The Nigerian Senate advanced a landmark crypto regulation bill to protect digital asset investors.

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Other News, Reads, and Media

  • Enza secured an enhanced payment provider licence to expand services in Ghana.

  • Nigeria launched Payments Systems Vision 2028 to advance inclusion and innovation.

  • Zeepay Ghana faced a winding-up petition over an alleged $1.2 million debt.

  • ⁠Binance committed $250k to fight Ebola in Uganda and DRC.

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Video Interviews/Discussions

Jack Chong, CEO of Checker, discusses building a stablecoin liquidity network to unify fragmented global finance. By connecting banks and payment companies, facilitating efficient, regulated cross-border transactions, ahead of upcoming VASP regulations.

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Tweet of the Week

That's all for this week. See you next Monday.

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