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.
Flutterwave Flutterwave collaborates with PayPal; adds as a payment option for African merchants Flutterwave's collaboration with Paypal now allows Nigerians, Ghanaians, Kenyans, and other Africans to receive international payments from customers.
Spotlight Inflow Finance is building Africa’s ultimate personal finance management tool Inflow Finance is a personal finance management tool that allows users to track their spending across multiple bank accounts
News Nigeria’s Fintech startup “Moyalo” wants to be the Uber of savings Moyalo is a new web app that enables users to join a group of five or nine others to meet short-term savings goals.
News Cowrywise raises $3 million pre-Series A round from Quona Capital With this $3 million round led by Quona Capital, Cowrywise becomes one of the few startups in Nigeria to have raised a pre-series A round.
News Ghana’s OZÉ raises $700,000 seed round to foster expansion OZÉ, a Ghana-based fintech startup that focuses on scaling small African businesses through digitized operations and affordable capital closed a $700,000 seed round from Anorak Ventures, Matuca Sarl, Rising Tide Africa, and existing investors Ingressive Capital and MEST.
News 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.
Spotlight BitSika: From side project to multimillion-dollar startup BitSika is a payment app that helps people send money instantly across countries. It is popularly known as the CashApp of Africa.
News Ghana’s Zeepay raises $940,000 seed investment from UK VC firm GOODsoil’s investment will enable Zeepay to continue to scale and roll out its services across the continent, and extend its global reach by launching in the UK in 2021.
News 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.
News Kwaba, a rental financing startup raises pre-seed round from Ingressive Capital and ARM Kwaba, a rental financing startup, has raised an undisclosed amount in a pre-seed round from Ingressive Capital and ARM. The pre-seed investment is estimated to be north of $200,000.
Spotlight InvestSika is making investing accessible to all Africans, starting with Ghanaians InvestSika is on a mission to make investing accessible to all Africans. With a mobile money account and smartphone, you can start trading and investing in the stock market with as little as GH₵60 ($10 or ₦3,820).
Opinion Seven ways to beat inflation in Nigeria In a tweet on Wednesday, October 28, 2020, Prof. Steve Hanke revealed that his measurement of Nigeria's inflation over the last year stood at 30.37%.
News Ant Group is raising $34.5 billion in the world's biggest IPO at $315 billion valuation Ant Group is raising $34.5 billion through an IPO in Shanghai and Hong Kong at $313 billion valuations, making it the world's biggest IPO. Jack Ma to become the 11th richest person in the world
News Fundall, a digital banking platform raises $150,000 in pre-seed funding Led by Black Knight Capital, a pre-seed stage investor, Fundall has raised $150,000 to deepen its footprints and challenge existing digital banks.
Events Bitsika partners with Davido and DMW to improve financial transactions across Africa Bitsika announced its partnership with David Adeleke, a multiple-award-winning artist, and entrepreneur, in a press conference on Thursday, October 8.
Spotlight Abeg App: putting the fun in functional Abeg.app is a fintech app made by young Nigerians that makes sending and receiving money fun.
News Nigerian fintech, Mono, raises $500k in pre-seed funding Lateral Capital announced its investment in Mono on Friday 18, September in a tweet by Kyane Kassiri, a Venture Associate at the fund.
News Carbon reports ₦112.6 million PAT and 2.2 million active customers Carbon reported a profit after tax of ₦112.6 million in its 2019 financial result. Carbon also revealed that it has 2,272,997 active customers.
News Nigerian startups WellaHealth and Flex Finance join the 7th cohort of Catalyst Fund Two Nigerian startups, WellaHealth and Flex Finance, are among the seventh cohort of Catalyst Fund—a global inclusive fintech accelerator.
