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…
Suddenly Paystak was trending on Twitter and guess what it was a thread between them and a customer who claimed they alleged her of selling “body parts.” As we all know Twitter micro-blogging site to be a place of both usual and unusual trends of all sort happens, even well-known people like The Senior Special…
Nigeria’s Fintech company, Paga has signed a strategic partnership with Visa. Paga is the orange branded Fintech Company that operates in the financial inclusion market in Nigeria and other parts of Africa.
Carbon (Paylater), Aella-Credit and others provide lending services to borrowers, lendsqr built the platform for lenders to start lending business
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.…
The popular payment services company OPay which powers other services like ORide, Otrike, OFood etc just raised another $120 Million. The funding led by mainly Chinese investment companies and investors is summing up the total money raised by OPay to the tune of about $200 Million. Around May 2018, OPay raised $50 Million from five…