8 takeways on the Future of Finance from Money2020 2025

Ola Daramola, CEO and Co-founder of an African cross-border payment fintech, shares his Money2020 takeaways on the future of finance.

Sterling Bank seeks shareholders nod for $400 million raise

Sterling Bank Plc, will raise as much as $400 million to meet a looming regulatory deadline for a significant capital increase.

EXCLUSIVE: Access Holdings acquired ARM Pensions for ₦152 billion in 2024

The current business combination between Access pension and ARM is sure to give Stanbic IBTC Pension Managers some pressure in pole position.

Kenya’s Equity Group enters Health Insurance market as integrated banking model takes shape

Backed by strong digital platform growth, this expansion aligns with its growing digital footprint and strong financial performance.

EXCLUSIVE: Access Holdings shifts to consolidation phase after expansion drive

This strategic pivot is intended to address concerns among some shareholders and analysts who, despite the bank's significant expansion, have deemed its stock undervalued.

Aruwa Capital nears $50M target as it closes $35M for gender-focused fund II

Aruwa Capital Management, a female-led Lagos private equity firm, closes $35M for its gender-lens Fund II and plans to expand investments across Nigeria and Ghana.

Lendsqr launches voice, video AI for loan assessments

Lendsqr has developed an AI-powered voice and video analysis model to revolutionize credit scoring for Nigeria’s informal sector, offering a new path to financial inclusion for over 100 million unbanked adults.

Access Bank sets 2025 finish line for $100M acquisition of KCB unit

“My expectation is that before the end of the third quarter, we should see significant progress made on the NBK transaction. Without a doubt, it will be a 2025 play,” Ogbonna stated

BREAKING: UBA posts 33% rise in Q1 2025 profit as interest income surges

UBA is currently progressing with its equity capital raise program targeting up to ₦400 billion

VBank rebounds to profitability with ₦366 million in 2024

VFD Microfinance Bank's positive performance contributed to a wider recovery for its parent company, VFD Group Plc, which also rebounded to profitability after a ₦750 million ($471,824) loss in the previous year.

Wema Bank cuts fraud losses by 95% in 2024

Last year, the bank promised to hire more people in its digital compliance department to reduce the number of fraud cases

Kenyan loan app Whitepath fined $2,000 for privacy violations and harassment

Since its 2019 launch, this marks the company's second privacy violation penalty.