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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.

Fintech

Kuda hits ₦55.8 trillion in transaction value within four years

Nigerian neobank has recorded ₦55.8 trillion in transaction value within four years.

Consumer Tech

List of FCCPC-approved loan apps in Nigeria

Discover our curated list of popular loan apps approved by the FCCPC and CBN to operate in Nigeria. We also provide tips on choosing loan apps to ensure you make informed choices for your financial needs.

News

Paystack partners NIBSS to launch Direct Debit in Nigeria

Nigerian fintech company, Paystack is launching a Direct Debit product in partnership with the Nigeria Inter-Bank Settlement System.

News

Exclusive: Troubled Ghanaian fintech, Dash set to lay off 50% of its staff

Seven months after Dash CEO was suspended to enable a financial audit, the Ghanaian fintech plans to downsize its workforce by 50% due to its inability to raise additional funding.

Spotlight

Sub-Saharan Africa’s top 10 remittance recipients in 2022

According to the World Bank, Nigeria accounted for the highest remittance flow into Sub-Saharan Africa in 2022.

News

LatAm fintech, Ebanx expands into eight African countries

EBANX has expanded into eight African countries: Ivory Coast, Egypt, Ghana, Morocco, Senegal, Tanzania, Uganda, and Zambia. The LatAm fintech unicorn is now present in eleven African markets.

Newsletter

BD Insider 188: Flutterwave expands remittance offering to India

The fintech will remittance services in the country. We also covered the location of InstaDeep's African AI research hub.

News

LemFi raises $33 million Series A for global expansion

Global payments company, LemFi (formerly Lemonade Finance) has secured a $33 million Series A in a round led by Left Lane Capital.

Brand Press

SeerBit unveils Alpha, to enable African businesses launch their own fintech solutions

By plugging SeerBit Alpha into their existing platform, businesses will be enabled to seamlessly offer various FinTech solutions, that cater to their clients' and operational needs.

Fintech

Four African startups make CNBC’s top 200 global fintech list

Nigeria’s fintech company, Kuda debuted in the Neobanking category, while Egyptian’s FinTech’s startup, Fawry, South Africa’s Yoco and Nigeria’s Opay made the digital payment’s category.

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