The biggest signal in African fintech over the past three months has not been another record funding round or a new customer milestone. Instead, it has come from a series of infrastructure deals involving some of the continent’s largest financial technology companies and the world’s biggest stablecoin providers.
Flutterwave, Paga, LemFi, Yellow Card and Sasai have all announced partnerships or investments centred on stablecoin infrastructure. The deals differ in structure but point in the same direction.
LemFi secured a strategic investment from Tether. Ripple invested in Flutterwave’s Series E round. Circle deepened its relationship with Flutterwave via an investment. Paga has announced a stablecoin partnership, while Yellow Card continues expanding its role as one of Africa’s largest institutional stablecoin platforms.
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Last updated: July 8, 2026
