Justina Salami

Cross-border payment startup, Chimoney, shuts down after raising only $1 million in four years

After four years and less than $1 million raised, cross-border payment startup Chimoney is shutting down. The company’s closure exposes the capital intensity of global fintech infrastructure and the consequences of weak distribution despite early growth signals.

Recap of the state of startup funding in Africa webinar by Condia

A recap of BD Talks on "the State of Startup Funding in Africa"

BFREE closes growth round to acquire non-performing loans across Africa

BFREE has raised an undisclosed growth round led by AfricInvest to scale its acquisition of non-performing loans across Africa, positioning itself as critical credit market infrastructure.

Ghana startups Rivia Clinics, VDL Fulfilment raise $350K from Village Capital

Ghana startups Rivia Clinics and VDL Fulfilment have raised a combined $350,000 from Village Capital to scale healthcare and logistics solutions

6 key reasons behind the collapse of African fintech startups(2023–2025) 

An investigation into about 20 failed fintech companies and the patterns behind their collapse.

The banned streaming site, Moviebox, still works, and here is why

Nigeria banned MovieBox in 2025, but the piracy site still works. Here’s how mirror domains, weak enforcement, and high streaming costs keep it alive.

20 failed Africa fintech startup case studies and ideas to steal

A deep dive into 20 failed African fintech startups, why they shut down, and the business ideas founders can still adapt and rebuild today.

Sycamore’s X account has been compromised

Nigerian fintech Sycamore says its X account was compromised by an unauthorized party. The incident echoes past breaches like OPay’s 2022 Twitter hack.

Shiprazor raises $2.65M seed to fix South Africa’s fragmented logistics

Shiprazor raises $2.65M in a seed round led by Norrsken22 to streamline logistics for South African e-commerce merchants and reduce failed deliveries.

Flutterwave partners with Activate Success International Foundation to champion youth entrepreneurship and financial inclusion across Nigeria

Flutterwave partners ASIF to support youth entrepreneurship and financial inclusion in Nigeria through YEEP 2026, offering funding, tools, and mentorship.

Swoop’s 100% rider model exposes the fragile unit economics of Lagos food delivery

Swoop is betting that giving riders 100% of delivery income can win Lagos. But in a market where even giants burn cash, the real question is: who absorbs the cost?

What 8 corps members wish founders would build in 2026 

We asked 15 current and recently discharged corps members in 2026 what apps they wished existed during their service year. Seven mentioned tools that already exist. Here’s what the other eight said.