Hi Fintech friends 👋,

Here are the highlights of what happened in African Fintech this week;

• Two funding deals were announced. 
• The $45 Billion startup, world's fourth-largest digital bank, confirmed that it is coming to Africa.
• African earlier stage investor raised $43 Million to invest in seed and Series A startups. 
• Nigerian fintech resummed issuance of debit cards in partnership with Verve.
• Two of Nigeria’s biggest payment companies have each partnered with AfriGo to bring contactless payments to Nigeria.
• Nigeria based blockchain startup hit $658 Million in transactions as Nigerian banks turn to blockchain.

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This Week in FintechSabrina Baxter

💸Fundraise and Exits

• Egyptian fintech startup Basata bought additional stake in Jordan’s MadfoatCom.

• Nigerian StableCoin Startup, IvoryPay, Secured Investment From Hedera after processing over $80 Million From Over 8K Merchants.

💰 Venture Funds

• LoftyInc Capital raised $43 Million to invest in seed and Series A startups. 

• Antler VC entered Nigeria to back startup ideas with a $100K startup.
  

🚀 Partnerships & Product Launches

• Carbon resumed issuance of debit cards in partnership with Verve.

👔 Leadership Lineup

• Brass planned Q1 2025 relaunch as co-founders receive no compensation after Paystack led acquisition.

📰 News of the Week

• PalmPay and Moniepoint partnered with AfriGO to introduce contactless payments in Nigeria.

PalmPay, the Nigerian fintech with over 35 million users, has partnered with AfriGO, the national domestic card scheme, to roll out five million contactless payment cards and tap-to-pay solutions across Nigeria.

Nigerian fintech unicorn Moniepoint has partnered with AfriGO, the national domestic card scheme, to roll out five million contactless payment cards and tap-to-pay solutions across Nigeria.

👀 Eye Openers

• Revolut, the $45 Billion startup, world’s fourth-largest digital bank, has confirmed that it is interested in the South African market.

📑 Read of the week

• From Faceless Brand to Founder Fame.(Ikpeme Neto)

📖 Other News, Reads, and Media

• Zone hit $658 Million in transactions as Nigerian banks turn to blockchain.

🎥 VIDEO INTERVIEWS/DISCUSSIONS

• Lessons from processing cross-border payments; Interview with Justin Ziegler, Co-founder of Juicyway.

🦉 Tweet of the Week

🎯 Fintech Opportunities

• Applications open for 4th Visa Africa Fintech Accelerator. Apply 

Made in Tanzania 🇹🇿 with 💚

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