Benjamin Dada

Wise enables local payouts to Nigeria for the nth time

Wise (formerly TransferWise) is restarting naira transfers to Nigeria for the third time after a two year pause. This time it will have to compete with other local and well-funded players like LemFi and Flutterwave $end.

Stripe to soon allow US retailers to sell directly to Nigerians

Nigeria is one of the two markets where Stripe has begun to allow merchants to accept local payment methods without having to set up a local entity.

Sim Shagaya launches The Honey Badger Fund (HBF) to back African entrepreneurs

Sim is popular for pioneering the e-commerce movement in Nigeria through his company, Konga which he founded in July 2012. He raised about $80 million with Konga pre-2020 when capital was scarce in the African tech ecosystem.

Exclusive: Troubled Ghanaian fintech, Dash set to lay off 50% of its staff

Seven months after Dash CEO was suspended to enable a financial audit, the Ghanaian fintech plans to downsize its workforce by 50% due to its inability to raise additional funding.

UK passport, a better pair for Nigerians than US & Canada, Henley Passport Index reveals

Although Nigerians are more likely to emigrate to Canada, new data from Henley Passport Index reveals that the UK passport is better for Nigerians than US or Canadian passports, as of Q3 2023.

Unifying Nigeria’s Exchange Rate: The journey here and its implications

Nigeria's President Tinubu removes fuel subsidies and unifies the exchange rate. Short-term pain, but should lead to improved price discovery and increased dollar supply, if managed appropriately. Dig deeper.

Review of Klasha’s virtual dollar card

Klasha's virtual dollar card works for online spending at international merchants like Amazon and can be funded with Nigerian naira. Here is what I observed from creating, funding, using and withdrawing from the card.

Starlink’s website recommends Payday for payments from Nigeria. So I tried it out.

I used my virtual dollar Mastercard from Payday to order for Starlink to Nigeria and the transaction was smooth.

Subscribe to become a BD Insider

An objective analysis of seven payment gateways in Nigeria

We compared seven payment gateways using five metrics to determine the best. The seven payment gateways are Interswitch Webpay, Paystack, Flutterwave, Remita, Seerbit, Fincra and Monnify.

National IDs are important for KYC, but frequent downtimes hinder their reliability, reports Smile Identity

Smile Identity, a leading digital KYC provider in Africa, was founded in 2017 by Mark Straub (CEO) and William Bares. Leveraging anonymised data from nearly 50 million KYC checks, the company has put together its second report on the state of KYC in Africa.

BD Funding Tracker 2023

Filter through our curated list of African startup deals since the start of the year 2023.