Fintech CcHUB in collaboration with Google launches Fintech Innovation Project in Rwanda Fintech Innovation Project is a corporate innovation lab set up to facilitate the acceleration of e-commerce growth by supporting both Small and Medium Businesses to go online.
News PennyTree Inc. introduces gamified digital lifestyle platform PennyTree, a Nigerian fintech startup, has launched its gamified digital lifestyle platform. It’s a platform that integrates savings, payments and transfers through a scalable ecosystem built into the lifestyle of its users.
News Airtel Money launches Developer Portal to provide open APIs Airtel Money has launched a new Airtel Africa Developer Portal to provide open APIs. How has MTN's API marketplace, Chenosis, fared?
Press release Crowdyvest re-launches app with new investment opportunities The refreshed mobile app offers a modern design, easy navigation, and exciting new features to deliver top-notch and seamless digital banking experience for its existing and prospective members.
Spotlight 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?
News Lagos is among emerging hotspots for female fintech founders — Findexable Lagos is one of the places female CEOs and female fintech founders are likely to call home.
Fundall Emerging Africa Group acquires majority stake in Fundall to build Africa's first financial Super-app Fundall is building Africa’s first financial super app, to help individuals & businesses spend smartly, manage money & grow money — from living their best lives every day to planning for the future.
News Brass Secures $1.7m Financing Round; to deliver affordable premium banking services for African SMEs Africa’s new bank for startups and SMEs' set to expand to South Africa & Kenya following funding.
Fintech Shecluded: A Gender-based Fintech that keeps on giving Shecluded plans to change the lives of a lot of women by ensuring more female-led MSMEs grow to large organizations in the future.
News TechAdvance unveils Bloc — a faster way to build fintech products TechAdvance has announced the release of its product, Bloc—a proprietary suite of APIs capable of helping anyone launch a FinTech product in far less time than it usually takes.
News Prospa announces $3.8m pre-seed round Prospa has raised a $3.8m pre-seed fund to offer software and financial services to Nigerian entrepreneurs and micro-businesses. The pre-seed round was oversubscribed by 380% to become the largest pre-seed round in Nigeria’s Fintech history.
Spotlight Predatory lending in Nigeria—what is the way forward? Predatory lenders employ deceptive and aggressive sale tactics to attract unsuspecting borrowers into taking loans they cannot afford.
News pawaPay Closes on Seed Funding of $9M African payments company pawaPay, has secured a $9m Seed raise.
Opinion How DeFi can facilitate better access to financial services in Africa DeFi has huge potential to facilitate access and inclusion to financial services such as lending, investing, settlements, online transactions, payments and so much more, provided the infrastructure gap is closed. How can defis elevate financial services in Africa?
News After doing N1.4 trillion in Agency banking transactions in May, TeamApt wants to "do more" for its users. In May, the value increased to ₦1.4 trillion ($3.5 bn) with 68 million transactions in volume, and between April 2020 and April 2021, the total value of transactions processed has gone up to $16 billion.
News New CBN regulations require fintechs to pay $5million into escrow account Yesterday, the CBN introduced yet another set of sweeping new regulations for Fintech license holders. The most prominent change is a new Escrow account created for Fintechs to deposit certain stipulated sums of money.
Spotlight 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.
Spotlight Using USSD-technology, Stax wants to increase financial inclusivity for Africans It is estimated that 94% of transactions in Africa are performed via USSD. Stax is building on USSD to power financial transactions across Africa.
News Okra raises $3.5 million to scale its Open Finance operations This comes just under a year after Okra closed its $1m pre-Seed round with only TLcom Capital participating in the round. It brings Okra’s total funding at seed to $4.5m.
Spotlight Lemonade Finance, a fintech startup easing cross-border transactions for Africans Cross-border payments are a source of pain for Africans. Lemonade wants to solve the usage restrictions, long transaction completion time and high fees.
News Nigerian Fintech Platform, Appzone, raises $10 million Series A Funding The round was led by CardinalStone Capital Advisers alongside V8 Capital, Lateral Investment Partners, Constant Capital, and Itanna Capital Ventures,
News Why CBN banned BVN validation for non-bank financial institutions The CBN has banned fintechs and non-bank financial institutions from providing BVN validation service. In this story, we explore reasons behind the ban.
News Savyt, new digital savings and investment app comes out of beta Savyt is a digital savings and investment app that wants to help Nigerians earn better returns on their savings and investments.
News Catalyst Fund seeks ambitious talent for portfolio companies, launches internship Internship positions are available at Lami, Indicina, Koa, Power, and Kandua in sales, data analysis, customer service, project management, engineering, and more.
News Bankly raises $2 million in a seed round led by Vault Bankly raised $2 million in a round led by Vault. The fund will help them boost their customer base and develop direct-to-customer products.
