Top 5 Fintech Deals in Africa 2025

Africa’s fintech sector has seen growth, attracting a record $640 million in funding. This shows the increasing importance of digital financial services across the continent. 

Several major deals highlight this growth, with mobile money, cross-border payments, and Islamic finance leading the way. 

Here’s a closer look at the top 5 fintech deals in Africa 2025

1. Wave Money – $137 Million Debt Financing

Wave Money, based in Senegal, secured the largest fintech deal in Africa during the first half of 2025, raising $137 million through debt financing.

This funding will help Wave expand its mobile money services across West Africa, providing easier and more affordable access to financial services for people who do not have traditional bank accounts. 

With mobile money becoming more important in Africa, this deal shows that investors believe mobile money can improve financial inclusion and help people in underserved areas access banking services.

2. Bokra – $59 Million Sukuk Issuance

Bokra, an Egyptian fintech company, raised $59 million through a sukuk issuance. Sukuk are a type of Islamic bond that complies with Islamic law, which bans the charging of interest. This deal marks a significant step for Islamic finance in Africa, as it combines fintech with the principles of Islamic banking. 

The funding raised will help Bokra expand its digital financial products, offering more people access to ethical and inclusive banking solutions. This deal highlights how fintech and Islamic finance are growing together in Africa.

3. Stitch – $55 Million Series B Funding

South African fintech company Stitch closed a $55 million Series B funding round, making it one of the top deals of 2025. Stitch provides API-based payment infrastructure, which allows companies to easily integrate financial services into their platforms. 

This funding will allow Stitch to expand its services across Africa, helping businesses handle payments and transactions more efficiently. This deal shows how fintech infrastructure is essential for businesses that need secure and streamlined ways to manage financial operations.

4. LemFi – $53 Million Series B Round

LemFi, a Nigerian fintech company, raised $53 million in a Series B round to expand its cross-border remittance services. LemFi focuses on providing affordable and fast money transfers for African migrants. With this funding, the company can scale its services and help even more people send money back home. 

This deal highlights the importance of remittance services in Africa, as many people rely on money sent from family members working abroad. LemFi’s success shows how fintech is improving financial accessibility for people across borders.

5. MNT-Halan’s Tasaheel – $50 Million Bond Issuance

Egypt’s MNT-Halan raised $50 million through a bond issuance for its subsidiary, Tasaheel, which provides micro-lending services. Tasaheel focuses on giving small loans to people and businesses who do not have access to traditional banking services. 

This funding will allow Tasaheel to reach more underserved populations in Egypt, helping them start or grow their businesses.

This deal reflects the growing demand for micro-lending services in Africa, where many people need financial support but are not served by regular banks.

Sector Overview: Fintech Leading the Way

In the first half of 2025, fintech made up 45% of all startup funding in Africa. The median deal size in fintech was $1.7 million, with the average deal being $10 million. 

This is much higher compared to non-fintech startups, which had a median of $0.5 million and an average of $4.8 million. 

These numbers show how important fintech is for Africa’s economy and how investors are focusing more on technology-driven solutions to financial challenges.

What’s Driving the Growth?

Several factors are helping fintech in Africa grow faster:

1. Financial Inclusion: Many people in Africa do not have access to traditional banking services. Fintech companies are filling this gap by providing mobile money, digital banking, and payment systems that are affordable and accessible.
   
2. Better Digital Infrastructure: More people in Africa are using smartphones and have access to the internet, making it easier to use digital financial services. As technology spreads across the continent, more people can take advantage of fintech products.
   
3. Investment in Innovation: Investors are putting money into fintech because it offers innovative solutions to long-standing financial problems. By making financial services more inclusive, secure, and efficient, fintech companies are becoming key drivers of economic growth in Africa.