Mambo!👋! African startups raised $2.1 billion in the first eight months of 2026, and August was a big month for crypto, contributing at least 10% of the $438 million raised. Stablecoin fintechs are starting to take a bigger place in Africa’s funding story.
The story
African startups raised $2.1 billion in the first eight months of 2026, with $438 million raised in August alone.
Moove, e commerce and crypto led August’s surge, with stablecoin fintechs also contributing to the total. Yellow Card’s $40 million round is among the deals counted.
Deals
Seevcash raised $300,000 to build a stablecoin powered platform for instant cross border payments.
Launches
Grey, the Y-Combinator backed cross border fintech, launched Chinese yuan payouts, allowing customers to pay directly into Chinese bank accounts using USD, EUR, GBP and stablecoin balances.
Stablecoins are increasingly becoming a normal part of the cross border payment stack.
Regulation
Yellow Card joined the second cohort of Ghana’s SEC Regulatory Sandbox for Virtual Asset Service Providers.
The move allows Yellow Card to test its stablecoin brokerage services in Ghana under the SEC’s direct supervision.
Madini
Stablecoin Fintechs are expanding Into Payment Infrastructure.
nTZS, Tanzania’s first central bank approved local stablecoin, has joined Wadi’s supported payment rails, allowing remittance companies, payment processors and marketplaces to settle directly in TZS through a single API.
From inside
Cleva partnered with Tether to train 700 students on digital finance, USDt and global payments, including a hackathon focused on solving real world challenges.
Adoption is hunted, not found. Companies are now taking stablecoin education directly to the next generation of users and builders.
On the record
Daya + Tempo
Fintech startup Daya integrates Tempo's layer-1 blockchain to power low-cost, instant cross-border stablecoin payments for African businesses.
Written from inside Africa with love 🇹🇿💚
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