How Access Holdings’ Hydrogen, Oxygen X, Pension are minting billions in profits

The company's fintech, pension, and lending ventures have demonstrated profitability within two years of incorporation.

43% of Nigerians don’t save or have stopped saving, according to Piggyvest 2024 Savings Report

The second report reveals that a staggering 43% of Nigerians either don’t save or have stopped saving altogether.

YC-backed Touch and Pay processes ₦20 billion transactions, launches dollar feature for Nigerian transport

Its flagship product which simplifies transport payments has surged in transaction volumes, processing over ₦20 billion already in 2024, and helping them achieve profitability status, Afolabi said.

Moniepoint achieves unicorn status with $110M funding round

Development Partners International (DPI) led the $110 million Series C funding round for Moniepoint.

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

First SVB, now Mercury. US banks leave African startups in dire straits

Mercury’s stumble from fintech hero to a target of federal scrutiny highlights the complex interplay between rapid growth, regulatory compliance, and financial stability

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.

How to link your NIN and BVN to your GTB, Zenith, UBA, Access and Stanbic bank accounts

Quickly link your NIN & BVN to multiple Nigerian bank accounts.

Breaking: Flutterwave shuts down Disha temporarily

Disha, a popular no-code platform owned by Flutterwave, will temporarily shut down operations effective March 31, 2024.