Stanbic IBTC’s fintech subsidiary Zest widens losses to ₦2 billion in 2024

Profitability may be an uphill task for Zest, but total income is not. The fintech doubled its total income to ₦124 million from ₦68 million in 2023, showing great traction and promise

Exclusive: Paystack issues cease and desist notice to Zap Africa amid product trademark controversy

“We registered the [Zap] trademark across multiple classes, including financial services — a class where Zap Africa has no filing registration.”

EXCLUSIVE: Moniepoint tests remittance product

This new offering is currently in an invite-only beta stage and precedes a planned public launch

Paystack dabbles into consumer payments with fast transfers app, Zap

Zap is not trying to be a neobank. It is focused on one thing—bank transfers, fast, Shola Akinlade, Paystack Co-founder and CEO said

Preserving company culture while scaling: Lessons from growing a fintech from 25 to 100+ employees

Scaling from 25 to 100+ employees is like going from managing a band of five to a full orchestra overnight. 

Inside Sycamore’s ambition to become a financial powerhouse 

Sycamore co-founders talk about the company’s first six years, its evolution and ambitious plans, including the launch of its asset management arm with over ₦10 billion in assets under management.

Yango Group launches $20 Million Venture Fund to empower African startups

Yango Group, a global tech company, has introduced Yango Ventures, a $20 million corporate venture fund aimed at supporting early-stage startups across Africa and other emerging markets. The fund seeks to drive innovation in O2O services, B2B SaaS, and fintech while offering mentorship and strategic support.

Sycamore secures SEC licence, appoints new asset management head

Sycamore secures an SEC fund management licence and appoints Oluwagbenga Magbagbeola to lead its asset management arm.

Reinvention in Business: Lessons from Sterling Bank’s Transformation 

While filming the documentary, Obinna Ukachukwu, Sterling Bank’s growth executive, said something that stuck with me: “Sterling Bank has killed itself and was changing its skin, beak, and claws.”

B2B payment platform Nilos expands to West Africa, promising faster and cheaper cross-border payments

Founded in 2021 by Raphael Fettaya and Eytan Messika, Nilos set out to simplify financial operations for businesses operating in multiple currencies. T

Nigeria ends 13-year Remita partnership, launches new treasury system

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

SANEF taps ex-Diamond Bank executive Uzoebo as CEO to drive financial inclusion

Uzoebo is the second female to hold the top position in a row.