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Sanibonani Fintech friends 👋,

Welcome back, here are the highlights of what happened in African Fintech this week;

  • Telecommunications Giant Postponed Mobile Money Listing Due to Volatile Markets.

  • Crypto Leader Backed Startup to Scale Digital Asset Derivatives Trading.

  • Fintech Partnered to Digitize Payments Across National Healthcare Startup Systems.

Meet Us at Stablecon – Amsterdam, May 19

Stablecon is heading to Amsterdam for the premier gathering of minds reinventing global commerce, DeFi, and financial infrastructure. This is the room where the brightest in fintech and crypto convene for world-class thought leadership and strategic collaboration.

Register here.

📰 News of the Week

  • Airtel Africa Postponed Mobile Money IPO Amidst Global Market Volatility.

Airtel Africa postponed the anticipated initial public offering of its mobile money business to the second half of 2026. Management cited extreme market volatility and geopolitical shocks as primary factors, opting to delay the listing until global financial conditions stabilized.

SPONSORED

Yoco Brings Tap to Pay on iPhone to South Africa - The feature enables merchants to seamlessly and securely accept all forms of in-person contactless payments - including contactless credit and debit cards, Apple Pay, and other digital wallets - using only an iPhone and the Yoco App. Yoco is South Africa’s largest independent payments and point of sale platform serving 200,000+ merchants Africa. They are the first payment platform in South Africa to offer Tap to Pay on iPhone. 

Fundraise and Exits

  • Cloud9 Acquired Mtickets to Merge Digital Banking with Event Finance Systems

  • Lesaka Acquired Fintech Mobilemart In $2.5M All Cash

  • Paymenow And PayCurve Merged to Enhance Fintech Health Solutions for Employees

Venture Funds

  • Bellatrix Launched $10M Ndjaba Seed Fund to Back Southern African Startup Founders

Partnerships & Product Launches

  • dLocal and inDrive Launched Cashless Ride Payments Across South African Fintech Markets

  • Stitch Rolled Out BNPL Services to Capture $1.17B South African Market

  • Thunes And Vodacom Tanzania Launched Cross Border Fintech Payments for Asia

  • Senegal Partnered with Wave to Digitize Payments Across National Healthcare Startup

  • Kemet Secured Strategic Coinbase Partnership to Scale Startup Derivatives Trading Operations

Leadership Lineup

  • Babajiide Duroshola Became Managing Director For M-KOPA Startup Operations Within Nigeria

  • Yoco Appointed Carsten Höltkemeyer As CEO To Lead Future Startup Growth

Read of the week

  • Discover How Africa’s Second Fintech Wave Could Scale Total Revenues To $65B By 2030.

Other News, Reads, and Media

  • CashAfrica Partnered with ChamsSwitch to Deepen Regulatory Compliance In Fintech Markets

  • Fincra Secured Enhanced Payment Licence to Expand Fintech Operations in Ghana

Stablecoin & Crypto Watch

  • Mastercard And Yellow Card Partnered to Scale Stablecoin Payments Across Africa

  • Paga Expanded into Tokenised Assets Through Strategic Fintech Integration with Sui

  • MiniPay Surpassed 15M Wallets Driven by Rapid African Startup Adoption

  • P2P Platforms Suspended Birr Transactions Following Intense Local Regulatory Pressure Tactics

  • Bank of Tanzania approved NEDA Labs for fintech regulatory sandbox token testing

Video Interviews/Discussions

As the early backer of Flutterwave, Paystack, and Moniepoint, Ventures Platform founder Kola Aina reflected on transitioning from his family business to backing 140+ startups. He shared hard-won lessons on integrity and innovation.

Tweet of the Week

Made in Tanzania 🇹🇿 with 💚

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