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.

Fintech giant Visa backs Kenya’s Workpay in $5 million raise

The startup has raised new funding led by Norrsken22, with Visa joining, to streamline HR and payroll across Africa, enhancing compliance and expanding financial scope

Nigerian fintechs resume customer enrollment after crackdown

Leading Nigerian fintechs, such as Kuda Bank, Moniepoint, OPay, and Palmpay, have resumed customer enrollment activities after a suspension period. This pause in new account registrations, which caused concern among users, was due to a directive from the Central Bank of Nigeria (CBN). The suspension aimed to curb unauthorized forex transactions and address compliance requirements, […]

Brass co-founders exit as fintech gets acquired by Paystack-led consortium

Following the acquisition, Brass will continue to build and support its customers and grow with a new leadership team.

Six Fintech accelerators for African startups

Visa Africa FinTech Accelerator, Bank of America Breakthrough Lab, Google Black Founders Fund, African FinTech Foundry, ARM Labs Techstars Lagos Program, AWS FinTech Africa Accelerator.