In this newsletter, we predict how long till the CBN passes the final guideline for Open Banking in Nigeria. We also report on African deals from the previous week.
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From Lemonade Finance to LemFi: International payments for everyone
In a bold move to further its commitment to providing international payments for everyone and better serve its expanding community, Lemonade Finance announces its rebranding to LemFi.

BD Insider 164: Patricia lost $2M to cyber hack — Report
BD Insider 164 covers Swvl's continued woes at Nasdaq and what the ICT sector contributed to Nigeria's GDP in Q1 2023.

Bank of America opens applications for Breakthrough Lab accelerator
The 6-month accelerator program offers early-stage startups from underrepresented communities a platform to scale their business model, establish industry connections and pursue funding.

AWS selects 25 startups for its inaugural ‘fintech in Africa’ accelerator
Out of the 25 startups selected for the inaugural Amazon Web Services (AWS) FinTech Africa Accelerator cohort, eleven are Nigerian companies.

Why CV VC excluded Flutterwave, Chipper and Andela from African unicorn list
CV VC said that it excluded Flutterwave, Chipper and Andela from the list of African unicorns because they are not headquartered in Africa, not due to a valuation cut.