FinTech
From mobile money to neobanks and embedded finance, Africa's fintech sector is rewriting the rules of money. We track every raise, product launch, and regulatory shift.

Flutterwave raises undisclosed sum from Circle Ventures to expand USDC payments
Stablecoin transaction volume reached a record $1.79 trillion in June, highlighting the growing demand for faster cross-border payments. Flutterwave is betting that momentum will continue, securing an investment from Circle Ventures to expand USDC payments across Africa.

CBN gives banks, fintechs six months to localise payment data
As Nigeria’s digital payments ecosystem processes hundreds of trillions of naira annually, regulators are moving to ensure the data generated by those transactions stays within the country’s borders.

After six years, Brass folds into Paystack Microfinance Bank ecosystem
Nigerian fintech Brass ends standalone operations as it moves customers into Paystack Microfinance Bank ecosystem.

Flutterwave denies reports of $75m Nigerian government investment ahead of IPO
Flutterwave, one of Africa’s unicorns valued at over $3 billion, has denied reports that the Nigerian government approved a $75 million investment in the company as part of a planned initial public offering (IPO). The claim was made on Monday, April 20, by Dada Olusegun, Special Assistant to President Bola Tinubu, in a now-deleted post […]

MTN Completes Separation of Ghana Mobile Money Business into Fintech Unit
MTN Ghana has completed the separation of its mobile money operations into a standalone fintech firm, as the telecom giant seeks to accelerate growth in Africa’s $1.4 trillion mobile payments market.

Ghana Transforms National ID Card into Payment Tool for Everyday Transactions
Ghana’s National Identification Authority (NIA) has launched a digital wallet feature on the Ghana Card, expanding the national ID into a payments tool aimed at widening access to financial services. “What this mean is that you can put moneny on your Ghana card and use it for any transaction, whether is paying for goods or […]

Afreximbank Backs 8 Startups with Up to $250,000 Each to Build Africa’s Digital Trade Rails
Afreximbank has launched its first-ever Accelerator Programme, selecting eight startups from over 1,600 applicants and offering each up to $250,000 in funding to scale solutions enabling intra-African trade. “Today, we move from promise to execution… You are building the digital rails that will define how Africa trades in the 21st century,” said Haytham Elmaayergi, Executive […]

Olajumoke Adenowo Resigns from Flutterwave Board After Two Years
Olajumoke Adenowo has stepped down from the board of Flutterwave after more than two years, marking a notable leadership shift at one of Africa’s most prominent fintech companies. “It has been a privilege to contribute to the company’s growth and expansion during this time,” Adenowo said in a statement announcing her resignation, adding that […]
