Arifpay acquires a majority stake in Ethiopian digital tipping platform Jami for 16 million birr

What's the deal? Addis Ababa fintech ArifpayDealroom has a profile for this one. Try Dealroom → has taken a controlling stake in Jami, Ethiopia's first digital tipping platform, founded by Nathan Damtew. The parties agreed a 20 million birr valuation: Arifpay contributed 16 million birr in cash and the founder contributed the web application, valued at 4 million birr, to the newly formed Jami Technologies PLC. Damtew stays on as a shareholder and CEO for at least a year.

Context Jami lets creators such as podcasters, artists and educators receive tips from local and diaspora supporters in USD, EUR and GBP via mobile wallets, bank cards, Visa and Mastercard, settled in birr. The two companies had run a one-year co-branding partnership built on Arifpay's payment gateway. The deal follows Arifpay's investment in Mefthe Microfinance and its Visa-backed rollout of 10,000 POS terminals with AVICOM.

Source Techpression, 21 December 2025 (citing Shega)