The Afridigest Fintech Review is a weekly recap of what happened in African fintech.
Hello again, friends! Happy new year & welcome to 2023! 🎊 Remember: in a regular week, this Fintech Review goes out on Sundays, the regular Week in Review goes out on Mondays, and the French-language Revue de la Semaine goes out on Wednesdays. (Assuming no delays.) 🚨 Today’s newsletter is delayed due to the holiday. And please note you’re likely to receive some additional emails soon as we look back to what happened in fintech in 2022.
On to this week’s highlights:
• It was a rather slow Christmas/New Year’s week for fintech in Africa so this newsletter is a bit light — the only fundraising news involved YC W23 announcements.
• Worth a look: the newly updated 2022 version of a well-regarded Nigeria fintech market map, and a look back to what was probably the most shared African fintech report of 2022.
• Companies mentioned in today’s Fintech Review include Shekel Mobility, Bujeti, GoMoney, Fawry, and KashNow (Noqood).
• Executives mentioned include Carbon’s Chijioke Dozie, Pay-U’s Temitope Adeyemi, Anchor’s Segun Adeyemi, Cedpal’s Fehintolu Olaogun, Kora’s Dickson Nsofor, Pennee’s Mejero Emmanuella Kunu, Cellulant’s Ademola Okuleye, Metart’s Yerins Abraham, and Hisa’s Eric Jackson.
⭐ Not interested in fintech? No problem, visit the Notifications section on your Account Settings page and deselect the Fintech option. (And if you speak French, make sure to turn notifications on for Afridigest Français — it’ll come back from hiatus soon.)
[If you’re not a paying subscriber of Afridigest, you’ll only see a free preview of this Fintech Review. Remember to upgrade your subscription or start a trial to read it in full — it’s highly recommended by and for fintech professionals & investors. Check out previous, non-paywalled versions here, here, and here.]
Week 52 2022: December 25-31
-💸 Fundraises
AFRICA
Africa-focused fintechs in Y Combinator’s Winter 23 batch:
🇳🇬 Shekel Mobility, a Nigerian neobank and trading platform for auto dealers
🇳🇬 Bujeti, a Nigerian expense management platform
🚀 Partnerships & Product Launches