Africa FinTech Spotlight
Africa Fintech Network
A platform that unites Africa fintech leaders, organizations and stakeholders.
Kredete raises a $22M Series A round to expand credit-building infrastructure with stablecoin transfers to Africa
Kredete has raised a $22 million Series A funding round led by AfricInvest via their Cathay AfricInvest Innovation Fund (CAIF) and Financial Inclusion Vehicle (FIVE), alongside Partech, and with participation from Polymorphic Capital.
New York, NY, United States, September 15, 2025 — Kredete, a Fintech company focused on helping African immigrants build credit and access financial services has raised a $22 million Series A funding round led by AfricInvest via their Cathay AfricInvest Innovation Fund (CAIF) and Financial Inclusion Vehicle (FIVE), alongside Partech, and with participation from Polymorphic Capital. This latest round, which brings Kredete’s total funding to $24.75 million, will finance the company’s expansion into Canada, the United Kingdom, and key European markets.
FinTechNGR Unveils Theme, Next-Level Experience for Nigeria Fintech Week 2025
The organizers of Nigeria Fintech Week (NFW25), Africa’s largest fintech gathering, have announced a bold vision for the event’s eighth edition, themed “The Fintech Ecosystem Symphony: Orchestrating Nigeria’s Digital Future.”
Scheduled for October 7–9, 2025, across Lagos, Abuja, and Enugu with hybrid global participation, NFW25 will bring together more than 20,000 innovators, policymakers, creators, regulators, investors, and professionals to explore how fintech powers every industry, from healthcare and agriculture to entertainment, transport, media, and education.
Senegal Scrambles to Finalize New Mobile Money Taxes as BCEAO’s Instant Payment System Nears
The Central Bank of West African States (BCEAO) is putting the final touches on its long-awaited regional instant payment system, set to go live on September 30, 2025. The platform promises a new era of seamless, interoperable finance for eight nations. But in Senegal, a key market, the fintech sector is less focused on the utopian promise of new infrastructure and more on the looming threat of a government desperate for cash.
On Monday, September 15, Senegal’s National Assembly will begin debating a bill to introduce a new tax on mobile money transactions. The move pits the state’s urgent need for revenue against the financial inclusion of its citizens, putting operators like Wave and Orange Money in an increasingly tight spot.
QuickRemit launches Crowdcube campaign to give UK investors early access to Africa’s fintech boom
QuickRemit, the UK-based fintech company simplifying payments to Africa, has launched a three-week crowdfunding campaign on Crowdcube, offering UK retail investors a rare opportunity to own a stake in Africa’s fast-growing financial technology sector.
QuickRemit operates across three business lines: mobile app for consumer remittances, bulk trade invoice settlements and API integrations for fintech and payment partners.
Together, these services address the $150B African remittance and trade payments market, projected to exceed $700B in the coming decade.
I&M Bank Tanzania Partners with Pesapal to Deliver Advanced Digital Payment Solutions for SMEs
I&M Bank Tanzania has entered into a strategic partnership with Pesapal Tanzania, a licensed payment service provider and digital solutions company. This collaboration aims to provide Tanzanian businesses, with a special focus on SMEs and mid-sized enterprises, with secure, scalable, and reliable payment solutions for both in-store and online transactions.
As part of this partnership, I&M Bank Tanzania will enhance its services for business customers by offering access to Pesapal’s comprehensive suite of solutions, including Point of Sale (POS) terminals, e-commerce platforms, and mobile payment options. These offerings will be made available on preferential terms, enabling businesses to benefit from advanced digital payment capabilities.
Visa Launches World-First Local Cloud Payment Platform in Saudi Arabia
Visa, a global leader in digital payments, announced that the Visa Acceptance Platform is now hosted on local cloud in Saudi Arabia — a world‑first implementation by Visa — in alignment with the Saudi Central Bank “SAMA” mandate.
This means Saudi businesses will be able to accept payments faster and more securely on CyberSource, a Visa Acceptance Platform offering, all through a single integration. Visa’s move will make it easier for businesses in the Kingdom to offer their customers frictionless, secure digital payments experiences central to Saudi Vision 2030’s goal of building a globally competitive digital economy.