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Issue 43
Feb 17 - Feb 23, 2020

Hi there,

ICYMI! - The latest instalment of the Decode Fintech Podcast is here. In this episode, Timi Ajiboye, co-founder & CEO of Buycoins, shares what he's learned from building one of Nigeria's largest cryptocurrency platforms. Listen on your favorite podcast player. Paystack is at Social Media Week in Lagos today. If you happen to be there as well, say hi!
Simi + Tochukwu
Product Specialists, Paystack
AfricaJumo has announced a $55 million dollar raise. The investors include Goldman Sachs, Odey Asset Management and LeapFrog Investments. The "South-African born fintech startup", which describes itself as a full technology stack for building and running financial services, moved its headquarters to Singapore since its 2018 expansion into Asia. Jumo has raised $158 million to date. WeeTracker
NigeriaNigerian crypto-trading startup Bitfxt has raised a US$15 million Series A. The funding came from a UK-based syndicate of hedge funds as well as British firm Payitup Clearinghouse. Disrupt Africa
NigeriaVesicash has raised seed funding from Ingressive Capital. The size of the investment was not disclosed. The Nigerian digital escrow service startup previously raised US$100,000 in pre-seed funding in November 2018.  Disrupt Africa
NigeriaAmerican Express and Interswitch have announced an integration partnership. The integration enables Nigerian merchants on the Interswitch network to process Amex cards.  Ventures Africa

Go deeper - We spoke with Catherine Malec, VP Business Development at American Express in October 2019 about American Express' entry into the Nigerian market on the Decode Fintech Podcast.
NigeriaCarbon has added USSD functionality to its platform. USSD joins Carbon's Android and iOS apps as a channel to access its financial services features. Carbon's users on the MTN and 9Mobile networks in Nigeria can now use a shortcode to transfer money and purchase mobile airtime, a feature that is useful in the absence of a smartphone or internet access. Carbon on Twitter
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Do you have an announcement, event, or job posting you'd like to share, or have you come across an interesting bit of African fintech news recently? Hit reply and let me know! I might be able to include it in next week's newsletter.
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