Why the battle for deposits is the next fintech war

Fintechs are moving more of the Nigerian consumers' money. Now, they want the deposits to go with it.

How FairMoney’s 30M users stand against Nigeria’s oldest banks

FairMoney’s rise to 30 million registered users shows how quickly Nigeria’s financial landscape is changing. 

dLocal gets Enhanced Payment Service Provider licence from the Bank of Ghana

dLocal's Ghana subsidiary, dLocal Ghana Limited, has received an Enhanced Payment Service Provider (EPSP) licence from the Bank of Ghana.

CreditChek kickstarts East Africa expansion with Algosys acquisition

Creditchek has acquired Uganda’s Algosys as the Nigerian fintech expands into East Africa and builds a broader lending infrastructure platform.

Circle’s Tazapay deal signals a new acquisition opportunity for African fintech

Circle’s Tazapay deal shows why stablecoin companies buy payment infrastructure, creating a new path for African fintechs to scale.

Onafriq’s 2024 revenue fell 7% as naira devaluation wiped $3.2 billion from payment volumes

2024 revenue fell 7% year-on-year, driven by naira depreciation in Onafriq's biggest market, Nigeria.

Nomba raises $3M to strengthen its cross-border payments expansion using DRC as a base

Nomba has raised $3M funding to scale its cross-border business from $480M to $1B monthly, starting with DRC, then Zambia and Uganda.

China-Africa trade is growing rapidly. Grey wants to build the rails for it

As Africa-China trade expands, African businesses and individuals need faster, more direct ways to pay Chinese suppliers. Fintechs like Grey are building the rails.

Yele Bademosi steps down as Onboard CEO, becomes chairman

Yele Bademosi steps down as Onboard CEO after nearly 5 years to become chairman. Paul Oladimeji takes over as CEO.

How to start a fintech in Nigeria in 2026: Licences, costs, CBN requirements and launch guide

Learn how to start a fintech in Nigeria, from CAC registration and CBN licences to costs, compliance, technology, and launch timelines.

Why a growing remittance business was not enough for Moniepoint

MonieWorld’s shutdown highlights the high cost of UK expansion and the tough economics facing African fintechs entering crowded remittance markets.

VFD Microfinance Bank appoints Nonso Kenneth Okoye as MD

VFD Microfinance Bank appoints Nonso Kenneth Okoye as MD and CEO, bringing over 20 years of banking, risk, and operational leadership experience.