Sanupay and OpenWay have introduced Ethiopia’s first local credit card, offering new digital payment alternatives in a country still driven by cash and mobile money.
Fintech
Top stories
Payaza has secured SEC approval to raise ₦20 billion in Series 3 and 4 of its ₦50 billion commercial paper programme.
Revolut has hired former Uber executive Amine Berrada to lead its Morocco operations as it eyes licences in the country and South Africa.
Earlybean is building a finance app for kids that combines fun learning with real-world money management, empowering African children to earn, save, and spend smartly from an early age.
A guide to 20 fintech companies in Nigeria, from Paystack to PiggyVest. Understand what they do and who they serve in this fast-growing tech scene.
MTN Uganda has received shareholder approval to spin off its fintech arm, paving the way for greater investor interest and a potential public listing within five years.
Ethiopia has launched its first domestic credit card, marking a major step in the country’s digital finance journey. Backed by Sanupay and OpenWay, the card adds new options to a market dominated by mobile money.
Finnova is a Nigerian startup simplifying banking for millions of users through its WhatsApp embedded chatbot.
In a rare move for a Nigerian startup, Payaza raised and repaid ₦14.9bn in commercial paper. CEO Seyi Ebenezer shares how robust internal structures and discipline made it possible and why others should follow suit.
Kuda processed ₦14.3 trillion in Q1 2025 across over 300m transactions, issued ₦17b in overdrafts, and relaunched its multicurrency wallet, as it competes with OPay, PalmPay, and Moniepoint.
Over the next two years, d.light aims to bring solar power to 10 million Africans through an affordable $2-per-week financing plan.
BAS Group acquires a majority stake in Nigerian fintech Zuvy; founders exit to focus on YC-backed healthtech startup Avelis Health.
Float and Adumo have joined forces to bring seamless BNPL options to South African stores. The partnership lets shoppers pay in instalments at checkout.
Flutterwave has obtained regulatory approval to operate in Cameroon, strengthening its African expansion strategy.
LemFi has acquired UK card issuer Pillar to expand its services beyond remittances. The move intensifies competition among African fintechs targeting diaspora users.
MTN Uganda plans to spin off its fintech division, aligning with a wider MTN Group strategy across Africa.
Fincra has obtained a Payment Systems Provider licence in Tanzania, expanding its footprint to a third East African market.
Moniepoint has gotten regulatory approval to begin talks to acquire Kenya’s Sumac Microfinance Bank, which has $23 million in assets.
Nigeria’s Postmaster General recently revealed that the postal service has paid fines and renewed licenses with the central bank paving the way to become a fintech. But can it challenge the ecosystem’s top players?
A new report urges fintech investors in Africa to back payment infrastructure over consumer apps, warning that ignoring core systems like APIs and FX layers could mean missing the market’s biggest opportunity.
Nigerian fintech Carrot Credit raises $4.2m to scale its asset-backed lending model, helping Africans unlock loans using stocks, crypto, and fixed income as collateral.