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While the company has demonstrated resilience in the past, including surviving a Senate probe in 2016, the loss of this major government contract will undoubtedly impact its revenue streams
Uzoebo is the second female to hold the top position in a row.
"Yesterday after service, I was typically stranded due to a bank’s negligence," one of the customers told Condia on Monday.
This move aligns with the broader trend of parent companies investing heavily in their fintech subsidiaries to capitalise on the financial services market in Nigeria
The appointment comes as Wave seeks to strengthen brand awareness in the company’s growing markets
This is indeed cherry news for Zest, which is lagging behind peers like GTCO’s fintech subsidiary, HabariPay, and Access Holdings' fintech, Hydrogen.
The payment orchestration platform operating in MEA has now raised $12.7M in three rounds in its four years of existence.
The fintech shared it paid out over ₦835 billion to its users in 2024, a 53% increase from its total payout in 2023.
2021 was Flutterwave's breakout year both at home and abroad due to a valuation of $1 billion, which raised its fortunes. It was also the first time the UK subsidiary began to reflect significant financial activity.
LemFi will leverage this funding to expand its service offerings, scale its payment network licenses and partnerships globally, enabling hyper-localised service delivery.
LemFi, a fast-growing remittance startup with over 1M customers, and more than $33M in disclosed funding has expanded to Europe. Here is the journey so far.
GTCO will be the third Nigerian bank to make this announcement, months after the Central Bank raised minimum capital requirements tenfold for the country’s biggest banks
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