# Fintech growth in Africa

> Live situation record from CLSTR: https://clstr.news/situations/fintech-growth-in-africa
> Updated: 2026-08-05T10:26:20.000Z. Sources: 12. Developments: 2.

In early August 2026, major fintech conferences in South Africa and Tanzania highlighted the continent’s push toward digital payments, artificial‑intelligence‑driven services and broader financial inclusion. The events gathered regulators, banks, startups and technology providers to showcase innovations and discuss regulatory frameworks.

A few days later, Cape Town‑based fintech Moment announced a $22 million Series‑A round, bringing its total funding to $55 million. The capital will be used to expand its continent‑wide payments network, strengthen its platform and increase merchant acceptance despite infrastructure challenges. The fundraising underscores the rapid commercialisation of the innovations discussed at the conferences and the accelerating momentum of Africa’s fintech sector.

As of the latest update, no additional fintech‑specific announcements have been recorded.

## Timeline

### 2026-08-05: Moove Raises $250M Series C, Valued at $2.1B, to Build Autonomous Mobility

Moove secured $250 M in a Series C led by Mubadala, valuing it at $2.1 B. The money will expand its autonomous‑vehicle fleet, build robotics‑first depots and grow global operations, leveraging its Waymo partner

9 sources. https://clstr.news/cluster/fintech-moment-raises-22-million-series-a-to-expand-africa-wide-payments-network

### 2026-08-01: Fintech Conferences in South Africa and Tanzania Showcase African Innovation

Fintech events in South Africa and Tanzania bring together banks, startups and regulators to discuss AI, digital payments and financial inclusion across Africa.

3 sources. https://clstr.news/cluster/fintech-conferences-in-south-africa-and-tanzania-showcase-african-innovation

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Cite as: Fintech growth in Africa. CLSTR, https://clstr.news/situations/fintech-growth-in-africa