OPay’s valuation hits $2.7bn as digital payment’s adoption rises
The Nigerian fintech startup OPay’s valuation has surged by more than 30% since its Series C funding round in 2021, according to…
Fintech
Why many Nigerian fintechs may never make profits – Interswitch CEO
Founder and Group CEO of Interswitch, Mr. Mitchell Elegbe, remarked that numerous fintech ventures in Nigeria might struggle to achieve profitability due…
Brass raises funds after withdrawal challenges – Report
Nigerian business banking startup, Brass has secured a capital infusion from a consortium of investors. The startup faced criticism from customers due…
PayPal launches Tap To Pay for iPhone users
PayPal on Thursday announced that it’s launching “Tap to Pay” for merchants with an iPhone through the Venmo and Zettle apps in…
Fairmoney moves to acquire digital bank Umba
Lagos-based digital bank with headquarters in Paris, FairMoney is currently in early-stage discussions to acquire Umba, a credit-focused digital bank providing financial…
Ex-Flutterwave VP Ted Oladele launches fintech startup
Flutterwave’s former VP of design and innovation Ted Oladele has launched Mira which seeks to reduce the long wait faced by food…
Opay, Palmpay, others facilitate N46.6trn transactions in 2023 – NIBSS
In 2023, mobile money operators such as Opay, Palmpay, and 15 others facilitated transactions totaling N46.6 trillion, as disclosed by the Nigeria…
Tingo founder denies US SEC fraud allegations
The founder of Tingo, Dozy Mmobuosi, has reacted to the fraud charges levelled against him and his group of companies by the…
SEC charges Tingo Group CEO Dozy Mmobuosi with fraud
The CEO of Tingo Group, Dozy Mmobuosi, will face charges from the Securities and Exchange Commission (SEC) of the United States for…
Patricia promises increased security after hack, illicit withdrawals
Bisola David Patricia Technologies Limited has made a commitment to enhancing system security in the wake of the technical hack that caused…
Accion MfB, Justrite introduce consumer credit purchases
Bisola David Accion Microfinance Bank and Justrite Superstore, an e-commerce company, are collaborating to allow clients to buy goods from the store and…
Fintech, partners to purchase Union Bank’s loan portfolios
Bisola David A German-Nigerian fintech startup, BFREE, and some of its international funding partners have hinted at the prospect of acquiring some of Union…