The latest news and analysis on Africa's fintech startups, including consumer finance, cryptocurrency, digital banks and payments.
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An ex-Moniepoint staff, claims that the fintech unicorn engaged in malicious actions to deny him of stock options estimated to be worth $889,600 in the secondary market.
The acquisition, fully completed, aims to scale creditworthiness for African immigrants across the globe
“We built Salus so a fintech can focus on loans, an e-commerce company on logistics not on securing Kubernetes or building core banking from scratch," CEO Andrew Mori said.
The Central Bank of Kenya has licensed 41 new digital credit providers, raising the total to 126.
PalmPay is in advanced talks to raise between $50M–$100M in a Series B round. This move aligns with its bold expansion plans across Africa and into Asia.
Fincra secures a license from the Bank of Tanzania, enabling real-time cross-border payments and expanding its pan-African fintech infrastructure.
UBA has launched 46,000 smart PoS terminals in Nigeria under its new RedPay brand, in a strategic move to reclaim market share from dominant fintechs like Moniepoint, OPay, and PalmPay.
Stripe now supports tax automation in 19 African countries, including Nigeria, Kenya, and Morocco. Here’s what founders need to know.
North Africa is increasingly becoming an attractive market for digital financial services, driven by high mobile phone penetration and a growing tech-savvy population.
Lendsqr has developed an AI-powered voice and video analysis model to revolutionize credit scoring for Nigeria’s informal sector, offering a new path to financial inclusion for over 100 million unbanked adults.
Full list and country breakdown of all the 108 IMTOs licensed by the CBN to facilitate inward remittance to Nigeria.
This represents an almost tenfold increase compared to the ₦161 million profit recorded in 2023.
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