Risevest shuts down virtual cards
Investing platform, Risevest today notified users of the shuttering of it’s virtual card, effective from 30th of September. In an email sent…
Fintech
Wise resumes naira transfers to Nigeria for the fourth time
Wise, formerly known as TransferWise, has resumed offering payouts in Naira to Nigerian bank accounts, following a recent change in remittance guidelines…
PayPal expands into U.S. POS market with new debit card
PayPal is making a push into the United States point-of-sale payments sector, unveiling a new initiative that integrates its debit card with…
Nigerian fintech captures 14% share as African startups raise $56m
Nigerian fintech Waza has significantly impacted the continent’s startup funding landscape, securing $8 million in August and capturing a 14% share of…
Nigerian fintech Risevest moves to acquire Kenyan Hisa
Nigerian fintech startup enabling access to global investments and Nigerian stocks, Risevest is currently in negotiations to acquire Hisa, a Kenyan startup…
US fintech Mercury Bank blocks accounts linked to Nigeria, others
American financial technology company, Mercury, has announced plans to terminate the accounts of businesses based in several countries, including Nigeria, effective from…
Fintech Okra ventures into cloud services
Nigerian fintech known for its APIs facilitating access to customer data by banks and financial service providers, Okra, is expanding into cloud…
Carbon shuts down debit card operations in Nigeria
Nigerian fintech company Carbon has announced the termination of its debit card operations in Nigeria, just two years after its launch. The…
Fintech startup Brass acquired by consortium-led by Paystack
Two months after securing bridge financing to address working capital challenges, Nigerian business banking startup Brass has been acquired by a consortium…
VFD Group reports N3bn in pre-tax profits Q1 2024
Leading proprietary investment company, VFD Group has released its financial statements for the first quarter of 2024, showcasing significant improvements in key…
Ex-Chief Risk Officer sues NIBSS for N1bn over wrongful termination, fraud
A former Chief Risk Officer of the Nigeria Inter-Bank Settlement System, Temidayo Adekanye, has taken legal action against the switching company for…
Opay warns users against crypto trading on platform
One of Nigeria’s prominent fintech companies, OPay, has issued a stern caution to its users regarding cryptocurrency or any virtual currency trading…