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Tag: Fintech

Visa, partners Yellow Card to drive stablecoin payments across Africa
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Visa, partners Yellow Card to drive stablecoin payments across Africa

Visa has partnered with Yellow Card, a leading African crypto exchange, to bring stablecoin-based payments to more countries across the continent—signaling a major step toward making cross-border transactions faster and more accessible for millions. Yellow Card, which has processed over $6 billion in transactions across 20+ African countries, is known for enabling users to transact […]

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Visa appoints Aminata Kane to head African operations

Global payments giant Visa has announced the appointment of Aminata Kane as Senior Vice President and Head of Western and Central Africa, effective September 4, 2025. Kane, a seasoned executive in digital financial services and telecommunications, will be based in Abidjan, Côte d’Ivoire. She will lead Visa’s newly established sub-regional team, overseeing operations across 23 […]

U.S. fintech Wave enters Cameroon’s mobile money market
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U.S. fintech Wave enters Cameroon’s mobile money market

U.S.-based fintech startup Wave officially launched its mobile payment services in Cameroon on June 11, 2025, marking its entry into one of Central Africa’s most dynamic mobile money markets. The launch follows a partnership with Commercial Bank Cameroon, which will give CBC clients access to Wave’s full suite of services. These include cash deposits and […]

CBN fines Paystack ₦250m ver alleged regulation breach
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CBN fines Paystack ₦250m over alleged regulation breach

The Central Bank of Nigeria has slammed a ₦250 million fine on Paystack, one of the country’s leading fintech firms, over alleged regulatory violations tied to its newly launched consumer app, Zap by Paystack. The apex bank believes that Zap—a peer-to-peer money transfer service introduced in March—operates as a digital wallet, which is not permitted […]

C-One Ventures acquires Bankly to expand fintech footprint
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C-One Ventures acquires Bankly to expand fintech footprint

Nigerian investment firm with interests in technology and finance, C-One Ventures, has acquired Bankly, a licensed microfinance institution known for serving Nigeria’s unbanked and underbanked communities. The acquisition, announced this week, includes Bankly’s operational assets, regulatory licenses, and entire team. These will be integrated into C-One’s expanding fintech ecosystem, which already includes Fulcrum, a supply […]

Revolut reports $1bn profit in 2024
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Revolut reports $1bn profit in 2024

Digital banking giant Revolut has posted a record net profit of $1 billion (£790 million) for 2024, more than doubling its earnings from the previous year, according to its newly released annual report. Revenues surged 72% to $4 billion (£3.1 billion), while its global customer base jumped 38% to 52.5 million users. “2024 was a […]

Moniepoint gets nod to acquire Kenyan Kopo Kopo
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Moniepoint enters remittance market with new app, Monieworld

Nigeria’s newest tech unicorn, Moniepoint, is setting its sights on the country’s lucrative remittance market with the launch of Monieworld, a new money transfer app designed for the UK-Nigeria corridor. Unveiled this week, Monieworld allows UK residents to send money directly to any Nigerian bank account. Transfers can be made either from a Monieworld account […]

Nigerian lender Sycamore expands, gets SEC fund manager license
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Nigerian lender Sycamore expands, gets SEC fund manager license

Nigerian digital lender Sycamore has secured a fund manager license from the Securities and Exchange Commission, marking a significant expansion beyond its core lending business. With ₦10 billion in assets under management, the company is now set to offer diversified investment portfolios targeting both retail and institutional investors. The new license enables Sycamore to operate […]

Fintech Stripe hits $91.5bn valuation
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Fintech Stripe hits $91.5bn valuation

Stripe announced on Thursday a tender offer for employees and shareholders that values the fintech company at $91.5 billion — a 41% increase from its $65 billion valuation last year — potentially pushing back its plans for an initial public offering. The deal highlights a rebound in the global venture capital landscape, fueled by central […]

Kuda sued over gender discrimination, wrongful termination in UK
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Kuda sued over gender discrimination, wrongful termination in UK

A former executive of Kuda Technologies Limited has filed a lawsuit in the United Kingdom, alleging gender discrimination, a toxic work culture, and wrongful termination. Rosemary Hewat, who previously served as the fintech company’s Group Chief People Officer, claims in court documents that Kuda and its CEO, Babatunde Ogundeyi, fostered a workplace environment that marginalized […]

Raenest secures $11m in Series A funding to expand cross-border payment
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Raenest secures $11m in Series A funding to expand cross-border payment

Nigeria-based fintech focused on cross-border remittances and multi-currency accounts for businesses and freelancers, Raenest, has secured $11 million in a Series A funding round, bringing its total funding to $14.3 million. The funding round was led by QED Investors, with additional participation from Norrsken22 and follow-on investments from Ventures Platform, P1 Ventures, and Seedstars. This […]

Bento lays off entire tech team amid salary dispute
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Bento lays off entire tech team amid salary dispute

Payroll management company Bento abruptly dismissed its 10-person tech team on Friday following a protest over delayed salaries, TechCabal reported. The layoffs came just one week after the company was accused of failing to remit millions of naira in taxes and pensions and allegedly forging tax receipts for Lagos State customers. Founder and CEO Ebun […]

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