Two African Fintechs Raise $427M in First IPOs Since 2019 as 2025 Funding Set to Match 2023
African startups raised $162 million in November 2025, with equity comprising 79% of the total. Thirty-two ventures raised $100,000 or more, including 16 deals above $1 million.
South African fintechs Paymenow, TymeBank, Omnisient make FT’s Africa fastest-growing companies list
Paymenow ranked sixth in the FT Africa’s Fastest-Growing Companies 2025 ranking, with a 3756.1% absolute growth increase from 2020 to 2023. Paymenow's revenue surged from $0.14 million in 2020 to $4.86 million in 2023, and its employee count grew from 7 to 38.
South African Fintech Recognized at Finovate 2024 Awards
Omnisient won the Finovate 2024 Excellence in Financial Inclusion Award. It is the only African fintech recognized in this category.
Good Vibes at IT News Africa’s Digital Finance Africa 2024
Cheslyn Jacobs from Tyme Bank focused on Tyma Bank’s 3 core business values in its client engagement process. Andre Wilmot from Ecentric Payment Systems discussed trends and predictions for Africa’s Payment Innovation in 2025 and beyond.
