Fintech

EXCLUSIVE

300 million+ transactions, ₦14.3 trillion naira. How Kuda performed in Q1 2025

Black hand holding a Kuda card raised high. The background shows Kuda logo and Kuda with a full stop

EXCLUSIVE

Off-grid solar pioneer d.light reaches $842M in consumer financing

d.light solar

EXCLUSIVE

BAS Group acquires majority stake in Nigerian fintech Zuvy

Zuvy Co-founders, Angel Onuoha and Ahmad Shehu

EXCLUSIVE

South African fintechs unite to simplify in-store instalment payments

buy now, pay later

EXCLUSIVE

Flutterwave secures Cameroon licence as part of Africa-wide expansion

Flutterwave

EXCLUSIVE

LemFi buys UK card issuer to expand remittance services as competition heats up

Lemfi founders, Ridwan Olalere and Rian Cochran

EXCLUSIVE

MTN to spin off Uganda fintech pending regulatory and shareholder approval

MTN MoMo

EXCLUSIVE

Fincra secures Tanzanian licence as it expands footprint across East Africa

Fincra team.

EXCLUSIVE

Moniepoint in talks to acquire 78% of Kenya’s Sumac Microfinance Bank after regulatory nod

Moniepoint terminal

EXCLUSIVE

Nigeria’s postal service wants to become a fintech. Will the market take it seriously?

NIPOST Fintech

EXCLUSIVE

Oui Capital urges fintech investors to prioritise Africa’s cross-border payments infrastructure

An image of two hands holding on to money

EXCLUSIVE

Carrot Credit raises $4.2m to help Africans access loans using digital investments as collateral

Carrot Credit founder

EXCLUSIVE

Thndr raises $15.7m to expand investment access in MENA, targets UAE and Saudi Arabia

Thndr founders

EXCLUSIVE

Catalyst Partners seals Egypt’s first fintech SPAC deal in $23m Qardy buyout

merger

EXCLUSIVE

PalmPay named Africa’s fastest-growing fintech

PalmPay Verve card

EXCLUSIVE

Airtel Africa plots H1 2026 IPO on the back of mobile money boom

Airtel Money

EXCLUSIVE

MoneyFellows raises $13m to digitise traditional savings and expand beyond Egypt

Some members of the Money Fellows team.

EXCLUSIVE

Access Holdings’ consolidation to boost Access Bank’s digital and retail growth

Access Bank

EXCLUSIVE

Bankly acquired by investment firm seven months after appointing new MD

Bankly Pos

EXCLUSIVE

How GetEquity became profitable by shifting from equity to debt investments

GetEquity team

Kuda Technologies processed ₦14.3 trillion in transactions in Q1 2025 and issued ₦17b in overdrafts, more than its 2023 total. With over 300m transactions already, it’s on track to hit 1.2 billion by year-end.


d.light has expanded its solar financing to $842M, aiming to reach 10 million Africans in two years with $2/week PayGo plans backed by Mirova and African Frontier Capital.


BAS Group acquires majority ownership of Zuvy to diversify lending services, citing Zuvy’s low non-performing loans and strong market presence.


South African fintechs Float and Adumo team up to simplify in-store payments, enabling shoppers to split purchases into interest-free instalments using existing credit cards


Flutterwave has secured a payment licence in Cameroon, expanding its digital payment network to over 30 African countries and strengthening its presence in Francophone Africa.


LemFi has acquired UK-based Pillar. As African fintechs like Grey, PalmPay, and NALA expand globally, competition in the remittance space is heating up, with startups racing to bundle FX, lending, and wallet services.


MTN Uganda wants to separate its fintech unit from its core telecom operations. The planned spin-off is part of MTN Group’s strategy to restructure fintech operations in key African markets.





Carrot Credit raises $4.2m to expand its asset-backed lending platform, enabling Africans to access credit by leveraging stocks, crypto, and fixed-income investments



Catalyst Partners Middle East has acquired Egyptian fintech startup Qardy for $23 million in a SPAC merger.


PalmPay has been named Africa’s fastest-growing fintech by the Financial Times, reporting $63.9M in revenue and over 35M users.


Airtel Africa will list Airtel Money in 2026 after delaying plans due to market shifts. The IPO comes as the fintech arm grows across Africa amid regulatory probes in East African markets.


With 8.5 million users and profitability in Egypt, MoneyFellows plans to launch in Morocco and explore other African and South Asian markets fuelled by $13 million in funding.


Access Holdings is entering a consolidation phase to strengthen its operations, paving the way for Access Bank to accelerate digital innovation


C-One Ventures has acquired Nigerian fintech and microfinance bank Bankly. Co-founder and CEO Tomilola Majekodunmi will stay on in an advisory role during the transition


GetEquity has reached profitability by shifting to local debt notes, processing over ₦500 million in transactions.


300 million+ transactions, ₦14.3 trillion naira. How Kuda performed in Q1 2025

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.

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Off-grid solar pioneer d.light reaches $842M in consumer financing

Over the next two years, d.light aims to bring solar power to 10 million Africans through an affordable $2-per-week financing plan.

Follow the story

BAS Group acquires majority stake in Nigerian fintech Zuvy

BAS Group acquires a majority stake in Nigerian fintech Zuvy; founders exit to focus on YC-backed healthtech startup Avelis Health.

Follow the story

South African fintechs unite to simplify in-store instalment payments

Float and Adumo have joined forces to bring seamless BNPL options to South African stores. The partnership lets shoppers pay in instalments at checkout.

Follow the story

Flutterwave secures Cameroon licence as part of Africa-wide expansion

Flutterwave has obtained regulatory approval to operate in Cameroon, strengthening its African expansion strategy.

Follow the story

LemFi buys UK card issuer to expand remittance services as competition heats up

LemFi has acquired UK card issuer Pillar to expand its services beyond remittances. The move intensifies competition among African fintechs targeting diaspora users.

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MTN to spin off Uganda fintech pending regulatory and shareholder approval

MTN Uganda plans to spin off its fintech division, aligning with a wider MTN Group strategy across Africa.

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Fincra secures Tanzanian licence as it expands footprint across East Africa

Fincra has obtained a Payment Systems Provider licence in Tanzania, expanding its footprint to a third East African market.

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Moniepoint in talks to acquire 78% of Kenya’s Sumac Microfinance Bank after regulatory nod

Moniepoint has gotten regulatory approval to begin talks to acquire Kenya’s Sumac Microfinance Bank, which has $23 million in assets.

Follow the story

Nigeria’s postal service wants to become a fintech. Will the market take it seriously?

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?

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Oui Capital urges fintech investors to prioritise Africa’s cross-border payments infrastructure

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.

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Carrot Credit raises $4.2m to help Africans access loans using digital investments as collateral

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.

Follow the story

Thndr raises $15.7m to expand investment access in MENA, targets UAE and Saudi Arabia

Egyptian fintech Thndr secures $15.7m to expand in MENA, launches new products for retail and pro investors, eyes UAE and Saudi market growth.

Follow the story

Catalyst Partners seals Egypt’s first fintech SPAC deal in $23m Qardy buyout

Catalyst Partners Middle East acquires Qardy in a SPAC deal signalling growing investor appetite for fintech innovation in North Africa.

Follow the story

PalmPay named Africa’s fastest-growing fintech

PalmPay tops the Financial Times’ 2025 list of Africa’s fastest-growing fintechs, reporting strong revenues, 15 million daily transactions, and plans to expand into four more African countries by year-end.

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Airtel Africa plots H1 2026 IPO on the back of mobile money boom

Airtel Africa has postponed the IPO of its mobile money unit to 2026, pushing back its original 2025 target as it focuses on expanding its digital payments business.

Follow the story

MoneyFellows raises $13m to digitise traditional savings and expand beyond Egypt

MoneyFellows raises $13m to digitise traditional savings groups and expand beyond Egypt, starting with Morocco later this year.

Follow the story

Access Holdings’ consolidation to boost Access Bank’s digital and retail growth

Access Holdings’ consolidation phase sets the stage for Access Bank to expand digital platforms, boost retail banking, and drive financial inclusion across Africa.

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Bankly acquired by investment firm seven months after appointing new MD

Nigerian fintech company Bankly has been acquired by an investment firm seven months after it appointed new MD. The fintech’s licence, offerings, and two million customers will now be integrated with the investment firm’s portfolio.

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How GetEquity became profitable by shifting from equity to debt investments

GetEquity, a Nigerian equity crowdfunding platform, has achieved profitability by pivoting to debt notes. The platform has processed over ₦500 million since introducing debt notes.

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Kuda Technologies processed ₦14.3 trillion in transactions in Q1 2025 and issued ₦17b in overdrafts, more than its 2023 total. With over 300m transactions already, it’s on track to hit 1.2 billion by year-end.


d.light has expanded its solar financing to $842M, aiming to reach 10 million Africans in two years with $2/week PayGo plans backed by Mirova and African Frontier Capital.


BAS Group acquires majority ownership of Zuvy to diversify lending services, citing Zuvy’s low non-performing loans and strong market presence.


South African fintechs Float and Adumo team up to simplify in-store payments, enabling shoppers to split purchases into interest-free instalments using existing credit cards


Flutterwave has secured a payment licence in Cameroon, expanding its digital payment network to over 30 African countries and strengthening its presence in Francophone Africa.


LemFi has acquired UK-based Pillar. As African fintechs like Grey, PalmPay, and NALA expand globally, competition in the remittance space is heating up, with startups racing to bundle FX, lending, and wallet services.


MTN Uganda wants to separate its fintech unit from its core telecom operations. The planned spin-off is part of MTN Group’s strategy to restructure fintech operations in key African markets.





Carrot Credit raises $4.2m to expand its asset-backed lending platform, enabling Africans to access credit by leveraging stocks, crypto, and fixed-income investments



Catalyst Partners Middle East has acquired Egyptian fintech startup Qardy for $23 million in a SPAC merger.


PalmPay has been named Africa’s fastest-growing fintech by the Financial Times, reporting $63.9M in revenue and over 35M users.


Airtel Africa will list Airtel Money in 2026 after delaying plans due to market shifts. The IPO comes as the fintech arm grows across Africa amid regulatory probes in East African markets.


With 8.5 million users and profitability in Egypt, MoneyFellows plans to launch in Morocco and explore other African and South Asian markets fuelled by $13 million in funding.


Access Holdings is entering a consolidation phase to strengthen its operations, paving the way for Access Bank to accelerate digital innovation


C-One Ventures has acquired Nigerian fintech and microfinance bank Bankly. Co-founder and CEO Tomilola Majekodunmi will stay on in an advisory role during the transition


GetEquity has reached profitability by shifting to local debt notes, processing over ₦500 million in transactions.