Hi Fintech friends 👋,

Here are the highlights of what happened in African Fintech this week;

• African Fintech raised $22 Million to expand credit access and cross border payments.
• Co-founder of YC backed Fintech filed a lawsuit alleging that he was removed from the company without his consent or compensation.
• Ivorian Fintech secured the first microfinance licence with no objection from the Central Bank.

Join an online community of TWIF Premium members and enjoy exclusive fintech conversations, private events, roundtable discussions, networking, job matching, and premium industry insight - all in one place.

Community

📱To join our Slack with 10,000+ other fintech enthusiasts, sign up below. This Week in Fintech has two online communities: * TWIF Premium for fintech founders, investors, and operators. * Curated membership * (Note: you can sign up for the Premium Slack below; this is separate from our members-only Premium Newsletter, which

This Week in FintechSabrina Baxter

💸Fundraise and Exits

• Kredete raised a $22 Million Series A round to expand cross border payments.

💰 Venture Funds

• 33 African startups raised $93 Million in August led by Nigeria, Egypt and Kenya.

🚀 Partnerships & Product Launches

• Onafriq partnered with Visa to launch Visa Pay across the Democratic Republic of the Congo.

👔 Leadership Lineup

• Co-founder of YC backed Union54 filed a lawsuit in the country’s High Court alleging that he was removed from the company without his consent or compensation.

📰 News of the Week

• Ivorian fintech Djamo secured the first microfinance licence with no objection from the Central Bank of West African States.

“These users are evolving,” CEO Bourgi told Techcrunch in April. “But they don’t want to go where their parents went, into institutions with predatory pricing and aren’t adapted to the new generation of customers. And this is what we are building”

👀 Eye Openers

• Lawmakers in Kenya voted in favour of a 10% excise duty charged on crypto transaction fees that exchanges collect from their platform users. 

📑 Read of the week

• How Tosin built Nigeria’s largest business payments platform. (Afridigest) 

📖 Other News, Reads, and Media

• Banks and Fintechs refunded Nigerians $6.6 Million in six months.

🎥 VIDEO INTERVIEWS/DISCUSSIONS

• How to Build a $620 Million Fintech Business in Africa: Lessons from 4G Capital CEO Wayne Hennessy.

🦉 Tweet of the Week

Made in Tanzania 🇹🇿 with 💚

👍🏽👎🏽  Did you enjoy this edition of This Week In Fintech Africa? Please share your feedback with me on Twitter or LinkedIn .