News

Zepz appoints Steven Eisenhauer as chief risk and compliance officer

Zepz, parent company of WorldRemit and Sendwave, appoints Steven Eisenhauer as Chief Risk and Compliance Officer.

News

NALA hires former TerraPay executive Ashraf Aly as global head of compliance and risk

Ashraf Aly, who most recently led compliance at TerraPay, has joined NALA as Global Head of Compliance & Risk. He will oversee compliance across NALA, Rafiki and its MLROs in the UK, EU, US and Canada.

Review

Omatek generated ₦1.5m in 9 months, it is carrying ₦5.2bn in liabilities

Omatek generated just ₦1.5 million in 9 months, while its liabilities reached ₦5.2 billion, including ₦3.27 billion in unexplained accrued expenses.

Funding

Rise of Fearless raises $1 million ahead of a relaunch

Rise of Fearless, a mobile battle royale inspired by the Battle of Adwa, has raised $1 million via a SAFE from Epic Edges Capital. Founder Kanessa Muluneh plans to relaunch the game after an upgrade.

Explainer

Capfin loan 2026: Login, online application, requirements and costs

Apply for a Capfin loan of up to R50,000 online, by SMS or at PEP. See Capfin login steps, requirements, fees, repayments and how to check your offer.

Explainer

Your WesBank car repayment just went up. Here’s what the September rate hike costs you

The recent rate hike lifted prime to 10.75%. See what it means for WesBank car finance, plus how to use the calculator, log in, get a settlement and buy at WesBank auctions.

Explainer

Best loan apps in South Africa (2026): Personal, short-term and urgent cash loans compared

Compare the best loan apps and online loans in South Africa for 2026: Capitec, African Bank, Capfin, TymeBank and short-term lenders.

Fintech

Grey secures IMTO licence as Nigeria’s remittance sector gets new competition

Grey has secured an International Money Transfer Operator licence from the CBN. It joins a field that has grown from under 15 operators in 2016 to over 100.

Fintech

Is MTN Nigeria’s ₦95.5bn fintech sale really a win?

MTN Nigeria’s headline 2.1x MoMo sale premium relies on a heavily written-down paper value. Against the actual ₦137.95bn invested, the ₦95.5bn valuation is a 31% loss.

Fintech

OPay withdraws planned $304M US IPO after foreign inquiry

OPay Limited has withdrawn its planned New York Stock Exchange listing, citing an inquiry in a foreign jurisdiction it has not named. Reuters reported that the company had priced 16 million shares at $19 each, valuing it at about $4 billion.

News

FirstBank partners electronics retailer Pointek to push its BNPL product

FirstBank has partnered with Pointek to offer phones, laptops and appliances on its FirstEase BNPL product. Repayment runs up to six months at 3% interest.

Exclusive

Exclusive: CredPal launches Atom, an investment platform, as it expands beyond buy now, pay later

CredPal has launched Atom, an investment platform offering Nigerian and US stocks, digital assets and asset-backed loans as it expands beyond BNPL.