Hi Fintech friends 👋

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

• Two Fintech deals worth over $100 million combined were announced, including one exit.
• Techcabal Interviewed Co-founder and CEO of Sabi,the $300 Million African Commerce and Payments Service Provider, on Their Remarkable Journey from Zero to $500 Million GMV in 18 Months.

💸Fundraise and Exits

• Francophone Africa super app, Gozem acquired Beninese fintech startup, Moneex.
• Egypt's fintech Unicorn MNT-Halan raised $130 million in securitisation.

Cape Town Fintech Happy Hour Event

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💰 Venture Funds

• CV VC unveiled an ambitious $20 million investment plan in African crypto startups.
• Global payments giant, Visa, selected 23 African startups for it’s Fintech accelerator

🚀 Partnerships & Product Launches

• Paystack partnered with NIBSS to develop a fully digital solution for processing direct debits from customers’ bank accounts.
• Onafriq partnered with Ripple to power Africa’s digital asset-enabled cross-border payments 
• Flutterwave received an international money transfer license in Malawi.
• Ex-Ethereum and Polkadot engineers launched one of Africa's first blockchain infrastructures 

📰 News of the Week

• Flutterwave CFO Resigned Amid IPO Momentum; Kenyan Court Cleared Second Case, Unlocks $3 Million, and Paves the Way for Flutterwave Kenya's Resolution.

📑 Read of the week

• 10 commandments of Fintech Venture Investing(Linkedin).
• How regulation and consumer behavior drives fintech growth in Africa(Rest of world).

📖 Other News, Reads, and Media

• The Central Bank Of Kenya warned unlicensed payment and money transfer service providers.

• Report of the state of inclusive instant payment system in Africa was released
• M-PESA Transacted $287 Million in Three Months Since Launch in Ethiopia
• Challenges of competing with cash in Africa

🎥 VIDEO INTERVIEWS/DISCUSSIONS

• Zero to $500 million GMV in 18 months - The Sabi journey with Anu Adasolum, Co-founder and CEO of Sabi

🦉 Tweet of the Week

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