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.

Airtel Money revenue hits $830 million as African users reach 56.7 million
Airtel Money recorded $830 million in half-year revenue and $228 million in profit, with 56.7 million customers transacting an average of $397 monthly.

Fintechs and telecoms could challenge banks as South Africa opens payments system
For years, banks have controlled the main route into South Africa’s payment infrastructure. A planned rule change could give fintechs, mobile operators and retailers a way in of their own, reshaping who gets to offer payment services and who gets left out.

GTCO expands renewable energy use as it targets 20% cut in emissions
GTCO is putting more of its operations on cleaner energy as 2.58% of its facilities now run entirely on renewable power, alongside a five-year target to cut greenhouse-gas emissions by 20%.

Airtel Money targets $800m London IPO as African fintech listing race gathers pace
Airtel Money’s planned $800 million London IPO highlights a broader shift in African fintech, as major digital finance businesses seek independent valuations and access to global public markets.

Meet Morounke Olufemi, Flutterwave’s appointed Global Chief Financial Officer
Morounke Olufemi has spent more than two decades moving through the worlds of banking, investment and corporate finance. Now, the former Access Holdings executive is taking on one of Flutterwave’s biggest financial leadership roles.

Verto partners with Visa to let African businesses spend across 11 currencies
Verto has partnered with Visa to launch a new corporate card that allows businesses to spend directly from their Verto wallets across 11 currencies, with indirect access to more than 160 additional currencies. The Verto Card is designed to give African businesses more flexibility when making international payments. Verto said eligible transactions come with zero […]

Bamboo offers 20% commission cut to win back investors after Dangote IPO-induced app crash
Bamboo is offering a 20% commission cut for the rest of September as it seeks to win back investors frustrated by the investment app crash during the opening of the Dangote Refinery IPO.

PAPSS eyes scale after transaction volumes rise 1,000% across Africa
PAPSS is targeting mass adoption after transaction volumes rose 1,000% and its network expanded across all five African regions.

Ericsson teams up with FIS to accelerate wallet-led financial services
Ericsson and US fintech company FIS have announced a collaboration to combine payments, banking and wallet infrastructure into a pre-connected platform designed to simplify the launch of digital financial services.

South Africa’s Nedbank acquires 66% of NCBA Group after CBK approval
Nedbank gets approval to acquire up to 66% of NCBA Group, expanding its banking presence across Kenya and East Africa

Nigerians in the UK sent billions home. So why is Moniepoint leaving the remittance market?
Moniepoint spent £1.2 million on administrative expenses to establish its UK operation, then committed $2.5 million to acquire Bancom Europe. But why is it shutting down MonieWorld just 16 months after launch, despite $12.38 billion flowing from the UK into Nigeria in 2023?

Standard Bank eyes OPay stake as Nigeria-focused fintech targets $4 billion US IPO
Standard Bank is in talks to acquire a stake in OPay ahead of the fintech’s planned US IPO, which could value the Nigeria-focused payments company at about $4 billion.
