Moniepoint achieves unicorn status with $110M funding round

Development Partners International (DPI) led the $110 million Series C funding round for Moniepoint.

Wise enables local payouts to Nigeria for the nth time

Wise (formerly TransferWise) is restarting naira transfers to Nigeria for the third time after a two year pause. This time it will have to compete with other local and well-funded players like LemFi and Flutterwave $end.

Stripe to soon allow US retailers to sell directly to Nigerians

Nigeria is one of the two markets where Stripe has begun to allow merchants to accept local payment methods without having to set up a local entity.

Ride-hailing, but for travel. Uber targets tourism in new drive

The expansion extends beyond Europe. In Greece, it is expanding its Uber Boat service from Mykonos to Athens, Corfu, and Santorini. Visitors can book rides to beach clubs and lesser-known destinations, capitalizing on seasonal peaks in tourism, part of a broader goal to become a one-stop shop for tourists.

inDrive avoids ban in Nigeria’s capital, secures licence

inDrive started offering rides in Abuja in March 2023 and quickly became popular, with users averaging 212 rides each in the first few months. 

Exclusive: Nigeria’s first women-only ride-hailing app, HerRyde, “hibernates” after a year

After a year of operation in Nigeria’s capital city Abuja, HerRyde, a women-only ride-hailing platform has “hibernated” to re-strategise and source for funding ahead of a near re-launch.