Afridigest Fintech Review: May recap + the Brass bailout
Afridigest is your intelligent guide to tech in Africa. The Fintech Review is a (usually) weekly recap of what matters in African fintech.
📌 ICYMI, here are the links to the March and April Fintech Reviews. The next one will cover the first half of June and we’ll be back to our regular weekly coverage after that. Thanks for reading 🙏🏽
On to May’s highlights:
• Eleven debt & equity fintech financing transactions were announced totaling over $70M
• News of the month: 1) The Brass acquisition is the latest example of an ongoing trend. 2) American Express seems to be making a big Africa push. 3) Nigeria’s National Security Adviser classified crypto trading as a national security issue — is a new crypto ban coming to the country?
• Companies appearing in today’s Fintech Review: Brass, Chipper Cash, Tymebank, Yellow Card, Paymenow, Fincra, Bamboo, OPay, Flutterwave, Lemfi, Blackcopper, ZeePay, and others.
• Executives appearing: Safaricom’s Peter Ndegwa, Carbon’s Ngozi Dozie, Nala’s Benjamin Fernandes, Emurgo Africa’s Shogo Ishida, Thumeza’s Gugulethu Siso, Airtel Africa’s Alice Kariuki, Fawry’s Ashraf Sabry, EBANX’s Wiza Jalakasi, Moniepoint’s Tosin Eniolorunda, Kuda's Babs Ogundeyi, FairMoney's Laurin Hainy, Network International’s Dr. Reda Helal, Pyypl’s Antti Arponen, Mastercard’s Mark Elliott, AfricaNenda’s Sabine Mensah, Teju Adeyinka, and others.
With that said, let’s get into it!
May 1-31, 2024
🧭 Fundraising Tracker