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Does Nigeria need 500 fintechs?

If the United States currently sustains over 13,100 fintechs, is Nigeria’s 500-strong army an excess?

News

How Finceptive redeemed ₦3 billion commercial paper

Finceptive successfully redeemed its ₦3 billion commercial paper, signaling investor confidence and strengthening Nigeria’s capital market in 2025.

News

Delta40 secures $20M to prove the venture studio model in Africa

Delta40 secures $20 million to scale its venture studio and fund model, backing African startups across energy, agriculture, and fintech.

News

Renewable energy provider SolarAfrica raises $94 million to expand delivery across South Africa

SolarAfrica has raised $85 million to build SunCentral 2, a 114 MW solar project in South Africa’s Northern Cape, expanding wheeling-based power supply to businesses from 2026.

Fintech

Paga set to take up unresolved PayPal issues for its users in Nigeria

Paga founder has said his company will assist in supporting users who have unresolved issues with PayPal.

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Daba Finance, Timon, OnePort 365 and others make Afreximbank’s first Accelerator cohort

Afreximbank has selected eight African startups for the first cohort of its Accelerator Program, offering up to $250,000 in equity investment.

Explainer

How tithes and offerings became an ₦8 trillion use case on Moniepoint

The data shows that religious giving is increasingly processed through fintech infrastructure, and Moniepoint has effectively become a conduit for one of Nigeria’s largest, least-examined financial flows.

News

Compliance tax killing fintech innovation, says CBN report

According to the document, the weight of these requirements delay the deployment of new financial products.

News

How Detty December surged Nigeria’s fintech usage to record highs

Several fin-techs reported significant surges in downtime and service interruptions, especially on weekends and public holidays

News

Mark Essien’s new company, TripDesk has crossed $2.3m in revenue barely 4 months post-launch

TripDesk, the new company of Hotels.ng founder, Mark Essien became profitable in two months. Existing investors in Hotels.ng were cut a deal.

News

Cassava partners AXON to launch Operator-as-a-Service platform

Cassava Technologies has partnered with AXON Networks to deploy Africa’s first Operator-as-a-Service platform, running on its fibre infrastructure.

Funding

Investor relations as brand communications: beyond pitch decks

The strongest founders understand that investor relations is not something you switch on when you need capital and switch off when the round closes. It is a discipline of ongoing communication that compounds trust over time.

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