AfricaWorks Insights
AfricaWorks Insights
May 19, 2025 at 02:30 PM
🇰🇪 M-PESA processed over $450.8B in transactions in FY2025, marking an 18.3% YoY increase and reinforcing its dominance in African fintech. Financial services now make up 11.6% of Vodacom Group's service revenue, with 87.7M+ users across 7 countries. As part of Vision 2030, Vodacom aims to reach 120M financial services users and grow revenue beyond mobile to 30% of total service income. 🇪🇬Egyptian investment platform Thndr has raised $15.7M in fresh funding led by Prosus Ventures, bringing its total to nearly $40M. Founded in 2020, Thndr is democratizing investing in MENA with commission-free trading, no minimums, and an education-first approach - onboarding over 1M users in 2024. As it eyes GCC expansion and access to U.S. stocks 📈, Thndr is reshaping fintech in emerging markets by unlocking retail investing for the underserved 🚀 🚀 South African edtech startup TTRO has expanded into Saudi Arabia, opening a Riyadh office to support the Kingdom’s Vision 2030 goals 📚. Known for delivering innovative, impact-driven digital learning solutions, TTRO partners with governments and businesses to build future-ready skills - now strengthening its global presence alongside offices in the UAE, UK, and New Zealand. 🌍 💸 Egypt’s fintech scene just hit a milestone: Catalyst Partners Middle East (CPME) has acquired digital lending startup Qardy in a $23M SPAC merger, marking the country’s first SPAC deal. This move boosts access to funding for MSMEs and signals Egypt’s growing role as a hub for innovative financial transactions in MENA.
Image from AfricaWorks Insights: 🇰🇪 M-PESA processed over $450.8B in transactions in FY2025, marking ...

Comments