MFS Africa to expand into Nigeria

In June when MFS Africa raised a Series C extension, the fintech company disclosed that it will expand into Nigeria as part of its pan-African expansion plan.

Duplo secures $4.3M seed funding to transform B2B payments in Nigeria

Duplo has raised $4.3 million in seed funding to launch new products and expand into new business verticals in Nigeria.

Zapper partners Stitch to offer one-click payments in South Africa

Zapper, a South African mobile payments company has partnered with payments and data API fintech Stitch (via LinkPay—a one-click payments product) to enable Zapper users to make instant electronic funds transfer (ETF) payments with a click.

Why is Risevest’s CEO stepping down?

Eke Urum, Risevest's CEO has stepped down indefinitely due to allegations of sexual and non-sexual misconduct.

Wasoko launches Innovation Hub in partnership with Zanzibar Government

Wasoko Innovation Hub will focus on building world-class tech solutions that will drive Africa’s e-commerce industry for years to come

Court prohibits e-residency and citizenship purchases with CAR’s Sango Coin

The Central African Republic's Constitutional Court has prohibited e-residency and citizenship purchases with the Sango Coin.

Grey raises $2M to simplify cross-border payments across Africa

In addition to the $2 million seed, Grey has also expanded into East Africa, starting with Kenya.

Three years after exiting his first startup, Segun Adeyemi launches Anchor, a YC-backed BaaS fintech

Segun Adeyemi has launched a new startup, Anchor, three years after he exited Amplifypay. Anchor becomes the first BaaS company to be backed by YC.

CBN releases $265 million out of the trapped aviation funds

The Central Bank of Nigeria (CBN) has released $265 million out of the total $464 million in trapped funds to foreign airlines.

Moneymie shuts down its digital bank for immigrants to focus on B2B services

The Moneymie app will no longer be available.

iiDENTIFii wins KPMG tech innovator award in Africa

After a four-month-long competition, KPMG Private Enterprise awarded iiDENTIFii the top spot.

MTN’s 5G network is now active in Nigeria

MTN Nigeria has rolled out its 5G network across 190 sites in the country—becoming the first telecommunication provider in Nigeria to roll out the 5G mobile network.