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…
Fintech
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…
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%…
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,…
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…
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…
Fintech PiggyVest pays out ₦835bn to users in 2024
PiggyVest, renowned for its savings and investment tools, disbursed a record ₦835 billion to customers — a testament to its reliability and…
Nigerian fintech Moove partners Alphabet’s Waymo, enters US
Nigerian-born fintech startup, Moove has announced a strategic partnership with Waymo, Alphabet’s self-driving vehicle division, to manage fleets of autonomous vehicles in…
Wise faces regulatory action over anti-money laundering controls
British money transfer firm Wise has been placed under a formal remediation plan by European regulators due to issues with its anti-money…
PalmPay names ex-Opay exec Femi Hanson as Marketing head
Pan-African fintech firm PalmPay has appointed Femi Hanson as the new head of marketing and public relations for its Nigerian subsidiary. With…
Fintechs drive $138m funding for African startups in September – Report
African startups in September announced a total of $138 million in funding, which included equity, debt, and grants. This is according to…
UK regulator investigates MoneyGram’s data breach
The UK’s data protection authority is investigating MoneyGram following a report of a data breach from the U.S.-based money transfer company. The…