Condia Insider: While Revolut eyes Africa, Afriex looks beyond

We have prepared context and insights about this week’s leading news. The stories are:

• Collect Africa shuts down to chase global payments
• Revolut eyes Morocco, led by ex-Uber executive
• Afriex expands to Asia

Collect Africa shuts down to chase global payments

Another African fintech is pivoting away from local payments, and this one’s betting on stablecoins. After four years of helping small businesses handle payments, Collect Africa is shutting down to make room for Autospend, a new platform focused on cross-border payments.

Since launching in 2021, the startup has helped over 5,000 small businesses collect payments via bank transfers, QR codes, POS terminals, and payment links, all from a single dashboard. They processed over $4 million in transactions and were bringing in about $5,000 a month.