Afridigest

Afridigest provides in-depth analysis and insights into Africa's tech ecosystem, focusing on fintech trends, startup culture, and investment activities. It covers significant events like funding rounds, strategic moves by major companies, and the evolving landscape of startups across the continent, aiming to inform founders, investors, and executives.

Fintech Trends Startup Culture Investment Activities Corporate Strategy Market Analysis Digital Transformation Economic Impact

The hottest Substack posts of Afridigest

And their main takeaways

Going cashless in Nigeria: How startups are digitizing payments in the country's trickiest verticals

15 implied HN points • 02 Mar 24
💼 Business Payments Fintech Economics Startups
  1. Nigeria is a leading fintech hub in Africa, receiving a significant amount of funding in the sector since 2022.
  2. Despite fintech activity, cash remains prevalent in Nigeria, especially in everyday transactions like public transportation, informal economy vendors, and fuel purchases.
  3. Startups in Nigeria are innovating to overcome challenges in digitizing payments in tricky sectors, offering solutions like digital payment systems for transportation, mobile money for informal vendors, and e-wallets for fuel payments.
Get a weekly roundup of the best Substack posts, by hacker news affinity:

Exclusive: The economics of Jumia Food exposed for the first time

7 implied HN points • 28 Feb 24
💼 Business Tech Finance Food & Drink Economics Investment
  1. The post explores the financial dynamics of Jumia Food, revealing insights into its performance and challenges.
  2. It highlights the shutdown of Jumia Food and the impacts on Jumia's financial results, shedding light on the tough economics of the food delivery business.
  3. The historical adjustments made by Jumia offer an opportunity to study the financial performance of Jumia Food separately, emphasizing the competitive and challenging nature of the industry.

Afridigest Fintech Review: FairMoney's 'unfair' offer to buy Umba

7 implied HN points • 25 Feb 24
💰 Finance Fintech
  1. Nigerian neobank FairMoney made an offer to buy Umba, which includes a healthy premium.
  2. The South African Intergovernmental Fintech Working Group is examining stablecoin use cases and might respond with regulations this year.
  3. Nigerian governmental authorities have temporarily blocked access to global crypto exchanges to combat the rapid depreciation of the Nigeria naira.

Follow the value: How to sanity check startup ideas

7 implied HN points • 10 Feb 24
💼 Business Startup Ideas Value Creation Entrepreneurship
  1. Value creation is crucial for business success - make things that people want to create value.
  2. Many startups fail because they do not provide value to their customers, leading to issues like market need, product-market fit, and market adoption.
  3. Avoid the mistake of building something only based on what you think users want - ensure that your startup idea plausibly creates value.

Afridigest Fintech Review: On boldness, Brass, and Binance

3 implied HN points • 11 Mar 24
💼 Business Fintech Africa Finance
  1. One fintech financing transaction and two fintech M&A deals were announced, showcasing growth and activity in the African fintech space.
  2. Significant news of the week included M-Pesa celebrating 17 years, Binance stopping Naira services, Lemfi's move to China, and Flutterwave streamlining its product offerings, indicating shifts and changes in the industry.
  3. Key companies and executives highlighted in this Fintech Review include Binance, M-Pesa, Brass, Flutterwave, Interswitch, Mastercard, and more, offering insights into the major players and leaders shaping the African fintech landscape.

The complete list of African unicorns today

31 implied HN points • 11 Feb 23
  1. The post discusses the complete list of African unicorns in the tech ecosystem.
  2. It provides a clear explanation of what 'unicorns' are.
  3. The article highlights seven African tech unicorns of today.

Afridigest Week in Review: Jumia's year of transformation

0 implied HN points • 19 Feb 24
💼 Business Market Update Executives
  1. Afridigest provides updates on tech in Africa, focusing on organizations like Jumia and executives in the industry.
  2. The Week in Review discusses notable organizations such as BII, EdVentures, Flutterwave, and others, as well as key executives like Jumia's Francis Dufay and TLCom Capital's Eloho Omame.
  3. Subscribers are encouraged to sign up for a Lagos meetup and certain content requires a subscription for access.

Afridigest Fintech Review: Carbon captures Vella to bring about business banking breakthrough

0 implied HN points • 19 Feb 24
💼 Business Fintech Banking Investments Mergers & Acquisitions Market Update
  1. Two fintech financing transactions and two M&A deals were announced recently in the African fintech scene.
  2. Tunisia joined the Pan African Payments and Settlement System (PAPSS), becoming the thirteenth central bank member and the first from North Africa.
  3. Notable companies like Carbon, Vella Finance, Flutterwave, and executives from various fintech organizations were highlighted in the Fintech Review.

Afridigest Week in Review: What's happening at Gro Intelligence?

0 implied HN points • 26 Feb 24
💼 Business Tech Africa
  1. Afridigest Week in Review provides insights on organizations and executives in Africa's tech industry like Gro Intelligence, Jumia, Moove, Umba, and more.
  2. The Week in Review mentions notable executives such as the CEO of Tingo, Marketforce, Moove, Nigeria's minister of digital economy, and others.
  3. The content is aimed at keeping readers informed about recent developments and key players in the African tech ecosystem.

The inaugural Africa Fintech Market Update: January 2024

0 implied HN points • 14 Feb 24
💰 Finance Fintech Investment Trends
  1. The inaugural Africa Fintech Market Update report provides a monthly overview of key fintech developments across the continent, making it easier for followers to stay informed.
  2. In January 2024, eleven Africa-focused fintech startups collectively raised $25 million, showcasing continued investment trends in the sector.
  3. Notable highlights include Nigerian neobank Kuda's impressive customer base growth and South Africa's Ukheshe leveraging an acquisition to expand its market reach.

Afridigest Week in Review: Africa to the world

0 implied HN points • 04 Mar 24
💼 Business Tech Payments Startups Investors Economics
  1. Afridigest provides a Week in Review focusing on Africa tech, sharing exclusive reports on Jumia Food and startups digitizing payments in Nigeria.
  2. The Afridigest Week in Review highlights organizations like Partech, Gro Intelligence, and executives like Cyril Collon, Tayo Oviosu, and others.
  3. The content is curated for paid subscribers, offering in-depth insights into the African tech ecosystem.