Afridigest Fintech Review: Mastercard & Visa are increasingly under attack
Afridigest is your intelligent guide to tech in Africa. The Fintech Review is a weekly recap of what matters in African fintech.
📌 We’re about halfway through the year, folks. And Afridigest’s H1 2024 update of the Africa Fintech Transactions Database + insights will be published next week. (ICYMI, find the 2023 update here.)
On to the highlights of the week:
• One fintech financing transaction was announced totaling over $5M in disclosed funding.
• In brief: Domestic card schemes are on the rise across the continent. Western Union has a new ‘first’ in Africa. Fintech funding and valuations are still down globally, but revenues are thriving.
• Companies appearing in today’s Fintech Review: Interswitch, OPay, Moniepoint, JUMO, Flutterwave, Bamboo, Money Fellows, Bvndle, Mama Money, Creditchek, CASH PLUS, & others.
• Executives appearing: Fawry’s Ashraf Sabry, Duplo’s Yele Oyekola, Leatherback’s Ibrahim Toyeeb Ibitade, SeamlessHR’s Oke Egbi, Endeavor South Africa’s Andrea Bothner, Mukuru’s Juan Seco, ErrandPay’s Ajibola Awojobi, Njoku Emmanuel, & others.
With that said, let’s get into it!
🚨 Applications are open until July 7th for the 2024 Ecobank Fintech Challenge. 🚨
Week 26 2024: June 23-29
🧭 Fundraising Tracker