MTN Group and Vodacom Group between them processed just over US$1-trillion in mobile money transactions across their most recent financial years – a milestone for Africa’s two largest telco-led fintech businesses, even as the JSE-listed operators pursue increasingly different paths to scale. Vodacom outpaces MTN on a revenue basis. In the year to 31 March…
Vodacom Group’s fintech business has surpassed 100 million customers for the first time, with the JSE-listed telecommunications operator reporting 103 million active financial services users in the year ended 31 March 2026 – cementing its position as the largest mobile money operator in Africa. The milestone, disclosed in the group’s annual financial results on Monday,…
Carsten Höltkemeyer South African payments fintech Yoco has appointed Carsten Höltkemeyer as CEO, effective 1 June 2026, ending a nine-month interim period during which co-founders Bradley Wattrus and Lungisa Matshoba have run the business as co-CEOs. Höltkemeyer joins Yoco from a long career in European banking and fintech. He served as CEO of Berlin-based embedded…
Payfast founder Jonathan Smit has acquired payment technology provider iVeri, marking a shift in South Africa’s fintech sector. Jonathan Smit | image supplied The deal brings together iVeri’s nearly 30-year track record in payment infrastructure with Smit’s experience in building and scaling digital payment platforms. Smit, who founded Payfast in 2007, led the business for…
The publication provides exclusive coverage of financial technology, blockchain, cryptocurrency, decentralised finance, and forex trading developments across Africa. Techmoni Africa, the go-to destination for Fintech, Web3, and Forex news in Nigeria and Sub-Saharan Africa, has announced its official launch. The publication provides exclusive coverage of financial technology, blockchain, cryptocurrency, decentralised finance, and forex trading developments…
Prembly, a Nigeria-based digital security and identity verification company, launched FraudLens, an open-source fraud intelligence platform designed to help financial institutions and digital businesses detect and prevent fraud. The platform aggregates fraud data from identity verification checks and reported incidents across businesses that use Prembly’s technology. FraudLens begins with data from Nigeria and aims to…
Fintech remained the largest recipient of startup investment in Africa in early 2026, but funding data shows investors expanding into logistics, transport and energy. African startups raised $575 million across 58 deals between January and February 2026, according to TechCabal. In January, fintech companies led funding activity with $131.6 million raised. Major funding rounds from…
Salvador Anglada, Optasia CEO. Artificial intelligence (AI)-led fintech Optasia has reported strong financial results for 2025, delivering revenue growth of 76% in its first full year after listing and exceeding guidance provided during its initial public offering (IPO). Optasia listed on the JSE in November last year, raising about R6.5 billion through its IPO and…
The results of the Altron FinTech Household Resilience Index (AFHRI) for the third quarter of 2025, released on Thursday, show that South African households experienced welcome — though still modest — relief during 2025. While the AFHRI recorded a healthy year-on-year improvement of 2.1% (largely in line with GDP growth rate), the average annual rise…
The founding members of the Association of South African Payment Providers. The Association of South African Payment Providers (ASAPP) has expanded its membership from eight to 15 companies. Launched by SA’s fintech industry players, ASAPP aims to help ensure fair access to payment infrastructure, reduce the wholesale cost of digital payments, and enhance transparency and…
