LemFi acquires UK card issuer, Pillar to offer credit to immigrants

LemFi acquires UK-based Pillar to launch migrant credit cards, expanding beyond remittances and fast-tracking financial inclusion for immigrants.

Jumia partners with Diar Dzair to launch buy now pay later in Algeria

Jumia has launched a Buy Now, Pay Later (BNPL) service in Algeria in partnership with local fintech Diar Dzair. This move targets financial inclusion in underbanked markets.

EXCLUSIVE: CreditChek acquires CreditCliq to bridge cross-border credit gaps

The acquisition, fully completed, aims to scale creditworthiness for African immigrants across the globe

Aruwa Capital nears $50M target as it closes $35M for gender-focused fund II

Aruwa Capital Management, a female-led Lagos private equity firm, closes $35M for its gender-lens Fund II and plans to expand investments across Nigeria and Ghana.

Lendsqr launches voice, video AI for loan assessments

Lendsqr has developed an AI-powered voice and video analysis model to revolutionize credit scoring for Nigeria’s informal sector, offering a new path to financial inclusion for over 100 million unbanked adults.

PoS agents mull commission hike following a new Central Bank directive

Many PoS agents believe this latest directive could cripple the impact of their service which has grown to nearly 2 million across the country

ImaliPay partners Cellulant to drive gig workers’ financial inclusion

ImaliPay has partnered with Cellulant to change the way gig workers experience making and receiving payments.

Curb your enthusiasm: payment service banks and financial inclusion in Nigeria

Can payment service banks help Nigeria achieve its financial inclusion target of 95% by 2024?