TradeDepot raises $110 million in equity and debt financing round to scale BNPL service
TradeDepot raises $110 million through equity (38%) and debt (62%) financing to support its buy now, pay later services and expand across Africa.
Financial Services
ImaliPay partners Cellulant to drive gig workers' financial inclusion
ImaliPay has partnered with Cellulant to change the way gig workers experience making and receiving payments.
Curb your enthusiasm: payment service banks and financial inclusion in Nigeria
Can payment service banks help Nigeria achieve its financial inclusion target of 95% by 2024?
How Open Banking will shape fintech in Africa
Open banking could usher in a new era of financial inclusion where banks and African Fintechs can seamlessly exchange customer data. This will facilitate the provision of broader financial products and services for Africans.
Mobile fraud up by 330% in Nigeria, says NIBSS
Here are three key insights from the recently released Financial Services Fraud report from NIBSS.
NIBSS to unify QR codes for payment in Nigeria with NQR
The Nigeria Inter-bank Settlement Systems PLC (NIBSS) launched the Nigeria Quick Response Code (NQR). In this story, we compare the NQR and PoS features.
TeamApt announces new consumer focus and West & North Africa expansion plans for 2021
TeamApt has announced that it will be shifting its focus from delivering financial services products to banks to delivering products for consumers and businesses.
OnePipe closes $950,000 pre-seed round from Sherpa, Techstars, others
OnePipe has raised $950,000 pre-seed funding from a roster of institutional and angel investors, including Techstars, Sherpa Africa, and Idris Bello.
FrostPay lets you send crypto and receive naira in 3 minutes or less
FrostPay is a new crypto company that allows users to convert their bitcoin to fiat currency in real-time without dealing with untrusted 3rd parties.
Digital banks: ALAT, Kuda, Rubies, Eyowo, V by VFD, and Sparkle compared
At least one digital bank has been launched in Nigeria every year since 2017. I compare six digital banks launched in the past three years to find the best.