Despite the gruesome happenings across Nigeria in recent time, Stripe, a United States payments firm has acquired Paystack, a Nigerian fintech startup, thereby making the company the most successful startup at the moment. This however is in a bid to develop into the online market in Africa which is seen to be expanding rapidly in…

Worldremit, a cross-border payments company, has announced its intention to acquire a US-based and Africa-focused remittance app, Sendwave. Although the actual amount of this deal is yet to be known a Bloomberg publication states its worth more than $500 million. According to a press release by WorldRemit, it was said to be a stock and…

Lagos based fintech startup, Carbon (formerly Paylater) has announced $100,000 funds for African entrepreneurs. The company said the Carbon Disrupt Fund was set up to address the lack of funding and support holding back budding tech entrepreneurs on the continent. It will invest up to $10,000 in exchange for a five percent (5%) equity in…

Flutterwave, an African focused Fintech company has raised $35M in series B round. The company also announced a partnership with Worldpay to expand payment processing in Africa. The CEO of Flutterwave, Olugbenga Agboola announced the milestone and also said that Flutterwave will invest in technology and business development to grow market share in existing operating…

Ex-Flutterwave CEO and Andela Co-Founder, Iyinoluwa “E” Aboyeji (@iaboyeji) led Nigeria’s 1st Fintech Industry Innovation Sandbox. The event which witnessed a panel discussion from leaders in the Financial Service Industry in Nigeria is a non-profit organisation. It is a trusteeship that includes the Central Bank of Nigeria and a number of other partners said Aboyeji.…