Africa’s fintech sector has seen growth, attracting a file $640 million in funding. This reveals the increasing importance of digital financial companies and products across the continent.
Plenty of main deals highlight this growth, with mobile money, imperfect-border funds, and Islamic finance leading the system.
Here’s a more in-depth contain a examine the tip 5 fintech deals in Africa 2025
1. Wave Cash – $137 Million Debt Financing
Wave Cash, based fully mostly in Senegal, secured the most effective fintech deal in Africa during the first half of 2025, raising $137 million thru debt financing.
This funding will support Wave invent bigger its mobile money companies and products across West Africa, providing more straightforward and more cheap gain genuine of entry to to financial companies and products for these that finish no longer contain ancient bank accounts.
With mobile money becoming more principal in Africa, this deal reveals that investors imagine mobile money can red meat up financial inclusion and support folk in underserved areas gain genuine of entry to banking companies and products.
2. Bokra – $59 Million Sukuk Issuance
Bokra, an Egyptian fintech company, raised $59 million thru a sukuk issuance. Sukuk are a assemble of Islamic bond that complies with Islamic guidelines, which bans the charging of interest. This deal marks a principal step for Islamic finance in Africa, because it combines fintech with the principles of Islamic banking.
The funding raised will support Bokra invent bigger its digital financial merchandise, offering more folk gain genuine of entry to to moral and inclusive banking solutions. This deal highlights how fintech and Islamic finance are growing collectively in Africa.
3. Sew – $55 Million Series B Funding
South African fintech company Sew closed a $55 million Series B funding round, making it one in every of the tip deals of 2025. Sew provides API-based fully mostly rate infrastructure, which enables companies to with out disaster integrate financial companies and products into their platforms.
This funding will allow Sew to invent bigger its companies and products across Africa, helping businesses address funds and transactions more successfully. This deal reveals how fintech infrastructure is fundamental for businesses that need accurate and streamlined strategies to reduction watch over financial operations.
4. LemFi – $53 Million Series B Round
LemFi, a Nigerian fintech company, raised $53 million in a Series B round to invent bigger its imperfect-border remittance companies and products. LemFi specializes in providing cheap and like a flash money transfers for African migrants. With this funding, the corporate can scale its companies and products and support extra special more folk ship money support house.
This deal highlights the importance of remittance companies and products in Africa, as many folks depend upon money sent from kin working in a foreign nation. LemFi’s success reveals how fintech is improving financial accessibility for folk across borders.
5. MNT-Halan’s Tasaheel – $50 Million Bond Issuance
Egypt’s MNT-Halan raised $50 million thru a bond issuance for its subsidiary, Tasaheel, which provides micro-lending companies and products. Tasaheel specializes in giving small loans to folk and businesses who finish no longer contain gain genuine of entry to to ancient banking companies and products.
This funding will allow Tasaheel to be triumphant in more underserved populations in Egypt, helping them begin or develop their businesses.
This deal reflects the growing search information from for micro-lending companies and products in Africa, the put many folks need financial reinforce but are no longer served by traditional banks.
Sector Overview: Fintech Leading the Manner
In the first half of 2025, fintech made up 45% of all startup funding in Africa. The median deal measurement in fintech was once $1.7 million, with the celebrated deal being $10 million.
Here’s extra special higher when in contrast to non-fintech startups, which had a median of $0.5 million and a median of $4.8 million.
These numbers explain how principal fintech is for Africa’s economy and the plot in which investors are focusing more on technology-driven solutions to financial challenges.
What’s Driving the Roar?
Plenty of things are helping fintech in Africa develop sooner:
- Financial Inclusion: Many individuals in Africa finish no longer contain gain genuine of entry to to ancient banking companies and products. Fintech companies are filling this gap by providing mobile money, digital banking, and rate systems that are cheap and accessible.
- Better Digital Infrastructure: More folk in Africa are using smartphones and contain gain genuine of entry to to the internet, making it more straightforward to make use of digital financial companies and products. As technology spreads across the continent, more folk can clutch good thing about fintech merchandise.
- Investment in Innovation: Investors are putting money into fintech resulting from it provides innovative solutions to long-standing financial concerns. By making financial companies and products more inclusive, accurate, and efficient, fintech companies are becoming key drivers of economic growth in Africa.
