
Hi Fintech friends 👋
Here are the highlights of what happened in African Fintech this week;
Two Fintech deals worth over $100 million combined were announced, including one exit.
Techcabal Interviewed Co-founder and CEO of Sabi,the $300 Million African Commerce and Payments Service Provider, on Their Remarkable Journey from Zero to $500 Million GMV in 18 Months.
💸Fundraise and Exits

Cape Town Fintech Happy Hour Event

This week in Fintech and Yoco are hosting a Happy Hour event in Cape Town, South Africa, on November 15, 2023. Secure your tickets now.
💰 Venture Funds

🚀 Partnerships & Product Launches
Paystackpartnered with NIBSS to develop a fully digital solution for processing direct debits from customers’ bank accounts.
Onafriqpartnered with Ripple to power Africa’s digital asset-enabled cross-border payments
Flutterwavereceived an international money transfer license in Malawi.
Ex-Ethereum and Polkadot engineers launched one of Africa's first blockchain infrastructures
📰 News of the Week

📑 Read of the week
10 commandments of Fintech Venture Investing(Linkedin).
How regulation and consumer behavior drives fintech growth in Africa(Rest of world).
📖 Other News, Reads, and Media
The Central Bank Of Kenya warned unlicensed payment and money transfer service providers.

Report of the state of inclusive instant payment system in Africa was released
M-PESATransacted $287 Million in Three Months Since Launch in Ethiopia
Challenges of competing with cash in Africa
🎥 VIDEO INTERVIEWS/DISCUSSIONS
Zero to $500 million GMV in 18 months - The Sabi journey with Anu Adasolum, Co-founder and CEO of Sabi
🦉 Tweet of the Week
If you have doubled your Nigerian revenue by 2X since 2021, it is still the same number in USD. To investors who think in dollars, you have not grown.— STONΞ (@StoneAtwine) November 6, 2023
Made in Tanzania 🇹🇿 with 💚


