Afridigest Fintech Review: Fintech in Africa is in transition [Free read]

Afridigest is your intelligent guide to tech in Africa. The Fintech Review is a weekly recap of what matters in African fintech.

📌 Welcome to the second half of the year, friends. To bring it in in style, today’s edition is free to read for all subscribers.

ICYMI, yesterday we published the first post in the new Afridigest Startup Spotlight series and it showcased a South Africa-born fintech with an innovative alternative for cross-border value transfers.

On to the highlights of the week:

• A quiet start to H2 2024 with just one fintech funding deal announced. That said, three M&A deals were also announced.

• In brief: Fintech in Africa is in transition as fintech funding was down 70% y/y in H1. Another Latin American payments player comes to the continent. And the success of mobile money across Africa has been uneven from one country to the next — and it may be about power, not penetration.

• Companies appearing in today’s Fintech Review: Peleza, Prembly, Prospa, Gamp, Stitch, Ozow, Afri…