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Fintech

Moniepoint achieves unicorn status with $110M funding round

Development Partners International (DPI) led the $110 million Series C funding round for Moniepoint.

Fintech

Wise enables local payouts to Nigeria for the nth time

Wise (formerly TransferWise) is restarting naira transfers to Nigeria for the third time after a two year pause. This time it will have to compete with other local and well-funded players like LemFi and Flutterwave $end.

Fintech

Stripe to soon allow US retailers to sell directly to Nigerians

Nigeria is one of the two markets where Stripe has begun to allow merchants to accept local payment methods without having to set up a local entity.

Fintech

Fintech giant Visa backs Kenya’s Workpay in $5 million raise

The startup has raised new funding led by Norrsken22, with Visa joining, to streamline HR and payroll across Africa, enhancing compliance and expanding financial scope

News

FCCPC reinstates Nigerian fintech, Sycamore as an approved digital lender

Nigerian fintech, Sycamore has been reinstated as an approved digital lender in the country. This is coming barely a month after FCCPC erroneously delisted the company.

Arican Markets

First SVB, now Mercury. US banks leave African startups in dire straits

Mercury’s stumble from fintech hero to a target of federal scrutiny highlights the complex interplay between rapid growth, regulatory compliance, and financial stability

Fintech

Nigerian fintechs resume customer enrollment after crackdown

Kuda Bank, Moniepoint, OPay, and Palmpay, have resumed customer enrollment activities after a regulatory suspension period.

Review

Review: The new Geegpay virtual dollar card is the best in the market for businesses and freelancers

Geegpay's new virtual card works for online payments like Aliexpress, Netflix, Shein, Facebook ads, Upwork credit and Apple Music. Here’s how it works and what you need to know about creating, funding, and using the card.

Explainer

How to link your NIN and BVN to your GTB, Zenith, UBA, Access and Stanbic bank accounts

Quickly link your NIN & BVN to multiple Nigerian bank accounts.

Consumer Tech

12 most preferred cryptocurrency apps in Nigeria

Looking for cryptocurrency apps to manage crypto assets & for hassle-free trading in 2024? We've discussed the most preferred crypto apps in Nigeria. Explore our top picks.

News

Exclusive: Nigerian startup Cova shuts down

Cova, a Nigerian wealthtech startup that enables users to track their assets in one place, is shutting down.

News

Nigerian fintech Cleva gets into Y Combinator W24, raises $1.5 M pre-seed

Founded just four months ago, the Nigerian fintech startup Cleva has raised $1.5 million in a pre-seed round. It is arguably the first African startup in the Y-Combinator W24 batch to be listed in the directory.

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