Ivory Coast Fintech HUB2 Raises $8.5M to Become ‘Stripe of Francophone Africa’

Founded in 2021, HUB2 offers a unified API to simplify payments for neobanks, payment companies, remittance services, and crypto providers.

Verve cards are now accepted on AliExpress. But their issuing business tells a sweeter story

Verve has grown card issuing by 40% year-on-year, in the last two years. This article reports the news of their partnership with AliExpress while going deep into three growth eras they've experienced.

Hisa co-founder Eric Jackson steps down post-Risevest acquisition

Fellow co-founder Erick Asuma left the business last year. Eric Jackson solely ran Hisa since the beginning of the year and will now be looking to "touch some grass".

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, […]