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Spotlight

TFY grew 600% without VC funding and reinvests profits into charities and startups.

While most tech unicorns burn through investor cash, TFY (Transformify Ltd) built a $502 million workforce platform on pure profit and gives a chunk of it away.

Fintech

Flutterwave boosts workforce with over 100 promotions and salary adjustments

Flutterwave has promoted over 100 employees this year and adjusted salaries to match economic realities

African Markets

EXCLUSIVE: FairMoney in M&A talks with Shara

FairMoney, the Tiger-backed Series B-stage fintech, is in M&A talks with Shara, according to sources that spoke to Condia on condition of anonymity.

Funding

BFREE closes growth round to acquire non-performing loans across Africa

BFREE has raised an undisclosed growth round led by AfricInvest to scale its acquisition of non-performing loans across Africa, positioning itself as critical credit market infrastructure.

Cybersecurity

Sycamore’s X account has been compromised

Nigerian fintech Sycamore says its X account was compromised by an unauthorized party. The incident echoes past breaches like OPay’s 2022 Twitter hack.

Spotlight

Evolution secures US Federal MSB License to power global citizens

Evolution (formerly Cryptonia) is building the payment rails to enable remote workers, freelancers, and anyone to earn money from anywhere.

News

Flutterwave hosts investor roundtable on Africa’s digital economy at IMF–World Bank meetings

Flutterwave brought together global investors and policymakers at the IMF–World Bank Spring Meetings to discuss infrastructure, regulation, and funding challenges in Africa’s digital economy.

News

CBN orders banks to assess their own cybersecurity within 21 days

CBN has given Nigerian banks 21 days to complete a cybersecurity self-assessment, warning that false submissions will attract sanctions under BOFIA 2020.

News

SportyBet signs DJ Khaled and what it signals about Nigeria’s gambling market

DJ Khaled’s SportyBet deal highlights Nigeria’s booming $3.6B betting market, where fintech, mobile adoption, and celebrity influence are driving rapid growth.

AI

AI gave fraudsters a superweapon, but financial institutions are still reaching for the old shield

AI is helping fraudsters move faster than banks can respond. Here’s why fraud detection systems are failing and what needs to change.

News

Three-time founder Sim Shagaya launches Myka, a new insurance company for Nigeria

Sim Shagaya, founder of Konga and uLesson, has launched Myka, a new insurance company in Nigeria. The startup is currently accepting waitlist sign-ups.

Funding

South Africa’s littlefish raises $9.5M Series A

littlefish secures $9.5M Series A led by Partech to help African banks offer payments, POS, and SME tools without relying on fintech middlemen.

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