Paystack dabbles into consumer payments with fast transfers app, Zap

Zap is not trying to be a neobank. It is focused on one thing—bank transfers, fast, Shola Akinlade, Paystack Co-founder and CEO said

$45B fintech giant Revolut sets sights on South Africa

Since 2016, South Africa has granted only three digital banking licenses, raising questions about the challenges Revolut may encounter despite its global footprint.

EXCLUSIVE: MTN’s MoMo PSB courts old users via voice calls

This low-cost customer acquisition strategy follows a restructuring of MoMo’s sales incentives, aimed at optimising monetization and reducing acquisition expenses

Nigeria ends 13-year Remita partnership, launches new treasury system

While the company has demonstrated resilience in the past, including surviving a Senate probe in 2016, the loss of this major government contract will undoubtedly impact its revenue streams

VFD Group invests ₦5 billion in fintech arm, V Bank 

This move aligns with the broader trend of parent companies investing heavily in their fintech subsidiaries to capitalise on the financial services market in Nigeria

Wave appoints former APO comms director Yasmina Bileoma as Regional Director of Public Relations

The appointment comes as Wave seeks to strengthen brand awareness in the company’s growing markets

Cedar Money secures $9.9 million to power cross-border payments with stablecoins

Cedar Money's approach leverages stablecoins to move funds while navigating the intricate compliance landscapes of various countries. 

Stanbic IBTC to inject ₦4 billion into fintech subsidiary, Zest

This is indeed cherry news for Zest, which is lagging behind peers like GTCO’s fintech subsidiary, HabariPay, and Access Holdings' fintech, Hydrogen.

PalmPay eyes remittances as it mulls Asia Expansion

This move aligns with a growing trend among African fintechs to tap into the global remittance market, particularly in Asia

MoneyHash raises $5.2M pre-series A funding for market penetration

The payment orchestration platform operating in MEA has now raised $12.7M in three rounds in its four years of existence.

Scoop: Flutterwave UK has been on a quiet rise, recording £5.4 million turnover in 2023

2021 was Flutterwave's breakout year both at home and abroad due to a valuation of $1 billion, which raised its fortunes. It was also the first time the UK subsidiary began to reflect significant financial activity.

BREAKING: LemFi expands to Europe. The journey so far.

LemFi, a fast-growing remittance startup with over 1M customers, and more than $33M in disclosed funding has expanded to Europe. Here is the journey so far.