Naked secures $38 million to advance AI-driven Insurance in South Africa

The latest funding builds on Naked’s success in securing $17 million in a Series B round in February 2023.

PalmPay eyes remittances as it mulls Asia Expansion

This move aligns with a growing trend among African fintechs to tap into the global remittance market, particularly in Asia

Piggyvest crosses ₦2 trillion payouts after most profitable year 

The fintech shared it paid out over ₦835 billion to its users in 2024, a 53% increase from its total payout in 2023.

CBN introduces new workflow and Naira payment solution to boost efficiency

CBN launches DocFlow and MDA Naira Payment Solution to streamline operations, cut costs, boost efficiency, and drive digital transformation in Nigeria’s financial system.

Nigeria’s inflation rises to 34.80%, as NBS site resumes service after one-month break

"Three weeks to resolve a hack is unusual. Shouldn't take more than a couple of hours to get a website back online," said one ethical hacker who explained the nature of the attack to Condia.

AWS now accepts payments in Naira, easing cloud access for Nigerian businesses

Nigerian tech companies can breathe easier as local currency payments would help ease the burden of dollar-priced cloud services on Naira revenues.

How African startups raised in 2024

Kenya leads the pack as African startups secure $2.01B in 2024 funding, showing resilience and a shift toward sector diversification

LemFi raises $53 million Series B to fuel European and Asian expansion

LemFi will leverage this funding to expand its service offerings, scale its payment network licenses and partnerships globally, enabling hyper-localised service delivery.

Nigeria launches digital trade desk to boost tech sector

While strategic, the focus on a digital trade desk may raise concerns as Nigeria currently ranks 131st out of 190 economies in the World Bank's ease of doing business ranking

Mastercard opens Ghana office after three years of building partnerships

Mastercard's exploration in Ghana first started in 2021 when it hired its Country Manager. After a series of partnerships and events, the company has opened an office.

Nigeria’s Statistics Bureau to resume service in January 2025 after hack

The December CPI data is scheduled for release on January 15.

BREAKING: LemFi expands to Europe. The journey so far.

LemFi, a fast-growing remittance startup with over 1M customers, and more than $33M in disclosed funding has expanded to Europe. Here is the journey so far.