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Visa’s backing is a strong endorsement of our vision to digitize and support African businesses at scale, said Tosin Eniolorunda, Founder and Group CEO of Moniepoint
The latest funding builds on Naked’s success in securing $17 million in a Series B round in February 2023.
This move aligns with a growing trend among African fintechs to tap into the global remittance market, particularly in Asia
The fintech shared it paid out over ₦835 billion to its users in 2024, a 53% increase from its total payout in 2023.
CBN launches DocFlow and MDA Naira Payment Solution to streamline operations, cut costs, boost efficiency, and drive digital transformation in Nigeria’s financial system.
"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.
Nigerian tech companies can breathe easier as local currency payments would help ease the burden of dollar-priced cloud services on Naira revenues.
Kenya leads the pack as African startups secure $2.01B in 2024 funding, showing resilience and a shift toward sector diversification
LemFi will leverage this funding to expand its service offerings, scale its payment network licenses and partnerships globally, enabling hyper-localised service delivery.
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'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.
The December CPI data is scheduled for release on January 15.
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