Nigerian wealthtech Cowrywise raises $3m pre-Series A
The co-founders aim to democratise Nigerians’ access to savings and investment products.
Nigeria
Nigerian challenger bank Kuda raises $10m in seed funding
Kuda completes the largest seed round in Africa.
Prospa sets out to serve global diaspora of African entrepreneurs
The start-up’s sweet-spot customers are entrepreneurs and micro-SMEs.
Stripe acquires Nigerian start-up Paystack in $200m deal
Paystack has 60,000 business customers across Nigeria and Ghana.
Nigerian fintech Lidya lends $3m to SMEs in Eastern Europe
The fintech start-up expanded into the region during the beginning of the COVID-19 lockdown.
Ingressive doubles African tech start-up fund to $10m
Ingressive averages $200,000 to $400,000 in individual investments.
P2P payments app Chipper Cash lands $13.8m
The San Francisco-based start-up operates across seven African countries.
Nigerian fintech KiaKia launches P2P lending investment app
Until this announcement, its P2P lending investment service has been exclusive.
Former Diamond Bank CEO launches Nigerian start-up Sparkle
Sparkle already has a banking license from Nigeria’s central bank.
Oracle gains three new Flexcube customers in Nigeria, Thailand, and Laos
Technology vendor also reveals 13 go-lives for Q4 2020.
Nigerian open banking fintech Okra raises $1m from TLcom
“We’re opening the door to another level of innovation,” says founder.
Jumia steps in to assist Africa amid rising coronavirus numbers
Jumia will help various African governments distribute masks to hospitals.
Inclusion, innovation, and mobile money in Sub-Saharan Africa
“If our systems fail, a big part of the economy would fail,” says exec.
Visa teams up with Nigeria’s Paga
Lagos-based Paga holds more than 14 million customers across Nigeria.
Catalyst Fund raises $15m from JP Morgan and UK Aid for emerging market fintechs
Thirty fintech start-ups from South Africa, Kenya, Nigeria, India and Mexico will get funding.
Nigerian paytech Flutterwave raises $35m, partners with Worldpay
Flutterwave has become Worldpay’s only African payments partner.
Trulioo opens GlobalGateway to Nigeria and Ghana
Nigeria & Ghana have taken significant steps toward increasing access to digitisation.
Opera-owned OPay raises $120m in Series B funding round
The Nigerian start-up will use the fresh cash to expand in the region.
Visa sends Nigerian fintech Interswitch to unicorn status
Sources say Visa paid $200 million for a 20% stake.
Cowries Microfinance Bank goes live on Craft Silicon solution
Nigerian bank moves forward with new core system.
SME lender Lidya aims for top spot in Nigeria, next stop Eastern Europe
Lidya expanded to Central Eastern Europe (CEE) earlier this month.
Nigerian fintech Lidya launches SME lending platforms for Poland and Czech Republic
The company’s USP is to create 100 million jobs worldwide.
FairMoney raises €10m to build challenger bank in Nigeria
FairMoney serves 200,000 customers who are mainly small businesses.
Digital Nigerian bank Kuda raises $1.6m in pre-seed funding
Kuda is the first digital-only bank in Nigeria.
EY inks agreement with Open Banking Nigeria
It will extend services to individuals and businesses across Nigeria.
Nigerian banking start-up favours Oracle FSS
EXCLUSIVE: Titan Trust Bank selects Oracle FSS for its core and digital banking technology.
Kudi raises $5m to expand bank agent network in Nigeria
Series A funding will support mission to serve underbanked people.
Korapay allows Nigerian migrants to send money back home
Currently in the US, but to be expanded to Canada, the UK and Europe.
Core banking tech developer Riby secures funding from Microtraction
Riby has developed a cloud-based core banking system for African co-ops and credit unions.
First Bank takes it to WhatsApp with Clickatell
Customers will be able to bank through the chat app.
Azimo partners with Interswitch for cross-border payments in Nigeria
Creating a Europe-Nigeria channel for the underbanked.
