After acquiring AjoMoney and Zazzau MFB, Moni rebrands to Rank, signalling its shift from community-based lending to offering a full range of financial services.
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ClockPay was born from a simple frustration: converting crypto to usable cash took days. After experiencing it firsthand, Martins Ejeheri built a platform that lets businesses accept stablecoins and settle instantly in over 24 countries.
Paystack has revealed that it fired co-founder and former CTO, Ezra Olubi, following the resurfaced X posts. The company said it had to act fast as a company regulated in multiple markets.
Nigeria’s thriving digital-payment ecosystem from OPay and PalmPay to Quickteller and USSD options as the silent engine behind the country’s iGaming boom.
Nigeria’s payment infrastructure enters a new era with the NPS, an upgrade built for speed, security, innovation, and seamless global integration.
Y Combinator-backed Moni has rebranded to Rank after acquiring AjoMoney and Zazzau MFB, expanding its mission to digitise Africa’s community savings culture and offer broader financial services.
After struggling to afford healthcare before payday, Temidayo Dauda built DailyPay, a startup that lets Nigerians access their salaries every day instead of waiting till month-end.
Fintech giant Revolut names Yacine Faqir to lead Morocco operations as it eyes North African growth.
OPay marked one year of its ₦1.2 billion, 10-year scholarship commitment by celebrating ₦126 million disbursed to 420 beneficiaries across 20 Nigerian universities.
Moniepoint has raised an additional $90 million in its Series C round, attracting investors like Visa and Google as it expands its banking services in Nigeria and the UK.
Operating behind the scenes, Kuunda enables banks and enterprises to lend at scale. With new funding, it’s moving into savings, launching in new markets, and building a financial literacy bot.
CBN’s new agent banking rules, especially the exclusivity clause, could shrink agent flexibility, squeeze margins, and push Nigeria’s fintech sector toward consolidation.
Flutterwave UK reported a £2.27M loss in 2024, up from £485K in 2023, despite higher revenue. Rising admin costs, investment losses, and shrinking cash reserves drove the decline.
Moniepoint reported a $1.2M loss in its first year in the UK. It also acquired Bancom Europe to fast-track its expansion across the UK and EEA markets.
From April 2026, Nigerian POS agents can work with only one principal under new CBN rules aimed at enhancing security, fairness, and transparency in agent banking operations nationwide.
After three painful failures, Akinsola Jegede decided to fix cross-border payments. His startup, VitalSwap, now helps thousands move millions seamlessly across continents.
By issuing its own virtual account numbers through PocketApp, PiggyVest aims to fix payment delays, boost user trust, and streamline how millions fund their savings and investment accounts.
Pennee, launched in 2021, is pivoting from lending to offering an AI-powered credit infrastructure, helping lenders verify, underwrite, and collect more efficiently while empowering borrowers to make smarter credit decisions.
When Nigerians move abroad, foreign banks often reject them due to lack of credit history. Wale Akanbi, ex-CTO of Aella, is building Bleyt, an AI and stablecoin-powered fintech to help Nigerians port their credit data.
By linking remittances to credit-building, Kredete wants to help African immigrants gain financial leverage abroad.
Katlego Maphai exits the CEO role after a decade, handing over leadership to co-founders Matshoba and Wattrus as Yoco enters a new stage of growth and operational focus.