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.

Over 600 Nigerian freelancers and creators gathered at the Geegs & Groove Festival

The event by GeegPay, featured insightful talks, the launch of the Raenest USD physical card, and a variety of fun games and prizes.

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

Is Africa’s growth-driven fintech boom built to Last?

Is Africa’s growth-driven fintech boom built to Last?

Zone and NIBSS want to reduce the failed POS transaction rate in Nigeria with this blockchain solution

Obi Emetorom, Zone CEO talks about Zone’s novel solution that has no failure point and why the fintech is championing the concept of a regulated blockchain

Leatherback CEO, Ibrahim Ibitade, on operating in emerging markets and its global banking ambition

Over a conversation, Ibitade talks about operating in emerging markets, the thesis behind Leatherback’s expansion and its global banking ambitions.

Sendsprint buys Nobel Financial Inc. to up ante in the US

Integrating Nobel Financial’s extensive experience and established customer base, Sendsprint is well-positioned to expand its footprint in the US and support the growing remittance flows to Africa

Tanzania’s Nala nabs $40 million in double down on its new payments infrastructure

In March 2024, the startup began foraying into the B2B payments sector via launching Rafiki, integrating directly with banks and mobile money providers.