OPay withdraws planned $304M US IPO after foreign inquiry

OPay Limited has withdrawn its planned New York Stock Exchange listing, citing an inquiry in a foreign jurisdiction it has not named. Reuters reported that the company had priced 16 million shares at $19 each, valuing it at about $4 billion.

Exclusive: CredPal launches Atom, an investment platform, as it expands beyond buy now, pay later

CredPal has launched Atom, an investment platform offering Nigerian and US stocks, digital assets and asset-backed loans as it expands beyond BNPL.

With Paycheck, Grey expands beyond payments into credit, cards and savings

The fintech will now extend loans to its customers while providing savings will see it generate more value from its customer base.

How to set up Google Pay and Google Wallet in Nigeria and which banks support it

Google Pay and Google Wallet are now in Nigeria. Here’s how to set them up and which banks support them.

BREAKING: Moniepoint to cut engineering, product roles in major restructuring

The changes come as the fintech expands beyond its established Nigerian operations and grows its presence in Kenya.

Nigerian BNPL startup Klump shuts down after five years

Klump, the Nigerian BNPL startup that raised $1.2 million, has shut down after struggling with lending capital, slow integrations, and lender constraints.

MNT-Halan shares jump 18% on Egyptian stock market debut after $150m IPO

MNT-Halan shares rose 18% on their Egyptian Exchange debut after a $150 million IPO drew heavy demand, valuing its listed Egyptian business at about $745 million.

Shein and Temu Face Ban Campaign in South Africa as Unions Warn of Job Losses

South African trade unions are pushing to ban Shein and Temu over concerns about local manufacturing, retail competition and thousands of jobs potentially at risk by 2030.

PalmPay UK posts £21.3m loss after writing off £3.65m loan

PalmPay (UK) Limited recorded a £21.34m loss before tax in 2025, as investment impairments alongside a £3.65 million loan write-off weighed on its financial results.

Onafriq shuts down Baxi agent banking in Nigeria

Onafriq is shutting down its Nigerian agent banking division, Baxi, following severe macroeconomic headwinds, naira devaluation, and rising competition in offline agency banking.

Moniepoint’s UK accounts reveal a profitable tech business and a loss-making payments operation

Moniepoint Technologies UK Ltd earned £2.06 million in 2025 after a substantial loss the previous year. A separate UK entity reported a loss and received further capital support, offering a glimpse into the different businesses behind the fintech’s international operations.

How FNB digital banking is changing the way South Africans bank

FNB is bringing more services together to change how South Africans bank, from WhatsApp eWallet and eBucks to My Advisor and FNB Connect.