Nigerian fintech startup Kwaba, which helps low and middle income earners to split their annual rent into convenient monthly installments, has secured a pre-seed round of funding to help it expand across Nigeria and Africa. Founded by Obinna Molokwu in January 2020, Kwaba is a digital platform that helps facilitate home payment […]
Read Time : 2 Minutes
FTX Africa and Web3Ladies Collaborate on the #WomenWhoCrypto Campaign to Drive Crypto Adoption Through Education
Global Cryptocurrency exchange FTX and Web3Ladies today announced an official partnership to collaborate on #WomenWhoCrypto, a campaign aimed at driving adoption and onboarding African women into the crypto space through education. The Business Development Manager of FTX in Africa Adebayo Juwon said FTX Africa is delighted to work with Web3Ladies […]
Read Time : 4 Minutes
Zapper’s new tap-on-phone feature enables faster transactions
Zapper, a South African fintech and mobile payment platform, has launched a tap-on-phone payment function for Android phones. The new feature allows merchants accept all digital payments without an additional point-of-sale hardware and or without the Zapper app on the customer’s phone.. The feature, according to the company, eliminates the conventional […]
Read Time : 1 Minutes
Fintech gets CBN approval for payment services
A financial technology organisation, Connect Point Technology Solutions Limited, has received regulatory approval to operate a Payment Solutions Service licence category. The firm said a letter dated April 25, 2022 and signed by the Director, Payments System Management Department, the Central Bank of Nigeria, had granted an approval-in-principle allowing the […]
Read Time : 4 Minutes
Nigerian mobility fintech startup Moove raises $105m Series A2 round to scale globally
Nigeria-based mobility fintech startup Moove has raised US$105 million in an oversubscribed Series A2 round to scale to seven new markets across Asia, MENA, and Europe over the next six months. Founded in 2019 by British-born Nigerians Ladi Delano and Jide Odunsi, Moove is democratising vehicle ownership in Africa by providing revenue-based […]
Read Time : 3 Minutes
Flutterwave introduces new product offerings and features after Series D funding
Two days after raising $250 million in a Series D funding, Nigerian fintech unicorn, Flutterwave has unveiled new product offerings and features for individuals, business owners and developers. This announcement came on the official handles of the company across social media. In a video of the announcement, Flutterwave CEO, Olugbenga […]
Read Time : 2 Minutes
Nigerian fintech startup Bamboo raises $15m Series A funding for expansion.
Bamboo, a Nigerian brokerage app that allows Africans to purchase and trade US stocks in real time, has secured a US$15 million Series A funding round to help it expand into other countries and offer new products. Greycroft and Tiger Global led the US$15 million Series A round, which included […]
Read Time : 4 Minutes
Nigerian-led fintech, Esusu attains unicorn status with $130m Series B funding
Esusu, a fintech that provides rent reporting and data solutions for credit development to immigrants and minorities, has secured $130 million in a Series B funding round. The company, which has been around for more than 3 years, now has a $1 billion valuation, making it one of the few black-owned […]
Read Time : 4 Minutes
FG probes online banks over breach of customers’ data privacy
The Federal Government has begun a probe of online banks over their alleged breaches of customers’ data privacy, it has been learnt. The Director-General, National Information Technology Development Agency, Kashifu Inuwa, who made this disclosure in Abuja on Monday, said the agency was working with the Nigeria Police Force and […]
Read Time : 4 Minutes
Microtraction announces investment in fintech startup Pivo, its first deal for the year
VC firm, Microtraction, has announced an investment in Pivo, a startup that provides credit-focused financial services for SME players in the supply chain. This investment comes months after the company announced an investment in Honeycoin, its last investment for the year 2021. Microtraction, whose long-term mission is to accelerate Africa’s transition to a sustainable and […]