Afridigest is your intelligent guide to tech in Africa. The Fintech Review is a weekly recap of what matters in African fintech.
Afridigest Live is coming soon, sign up now. With that said, here are the week’s highlights:
• Two fintech fundraises were announced across the continent.
• News of the week: Mobile money transactions in Kenya grew at the slowest rate since 2007. Nigerian banks and fintechs are in talks to develop an industry initiative to fight fraud. And elsewhere in Nigeria: Moniepoint reportedly processed over $150 billion in 2023, Cova is shutting down, and Zilla might be pivoting away from BNPL.
• Companies appearing in today’s Fintech Review: Interswitch, Kashnow, OPay, Honeycoin, Moniepoint, Cova, Zilla, and others.
• Executives appearing: AZA Finance’s Elizabeth Rossiello, Moniepoint’s Tosin Eniolorunda, pawaPass’s Sylvia Brune, Oze’s Meghan McCormick, EBANX’s Wiza Jalakasi, Jia’s Zach Marks, Better than Cash Alliance’s Marjolaine Chaintreau, S&P Global Ratings Samira Mensah, RemitONE’s Ababacar Seck, Stanbic Ghana’s Reynell Badoe, Flutterwave’s Temi Adesina, CrossTech’s Priscilla Doliveira Friedman, UnityLink Financial Services’s George Boateng, and others.