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"We had a seed round early in the first quarter, and we were not able to close because of the issues with Paystack," said Tobiloba Asu-Johnson, CEO & co-founder of Zap Africa
The clarification follows a report suggesting that Zap requires an International Money Transfer Operator (IMTO) license and was launched without regulatory approval from the Central Bank of Nigeria (CBN).
“We registered the [Zap] trademark across multiple classes, including financial services — a class where Zap Africa has no filing registration.”
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
The annual event, a cornerstone for entrepreneurs and innovators in Nigeria and beyond, promises to be more impactful than ever with the support of its esteemed partners.
Sporting Lagos wants its footballers to acquire degrees at Miva University even as they pursue their football careers at Nigeria’s top-tier league.
Nigerian fintech company, Paystack is launching a Direct Debit product in partnership with the Nigeria Inter-Bank Settlement System.
The Central Bank of Kenya has authorised Paystack to operate as a Payment Service Provider in Kenya.
On June 29, 2022, Paystack and Stitch launched Payouts in SA. What's the pull?
SheVentures is a First City Monument Bank (FCMB) initiative for women-owned Small and Medium Scale Enterprises (SMEs).
Earnipay uses its technology to offer employees the opportunity to access their earned salaries into their accounts flexibly, in real-time and interest-free.
Here is all you need to know about Paystack, the biggest Nigerian startup acquisition and Stripe's biggest acquisition yet. The deal is reportedly worth over $200 million (₦76.6 billion).
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