Fintech
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Data from Techpoint Africa’s West African Startup Decade Report reveals that 35% of West African startups that have raised up to a million dollars are in the financial services sector. But what does the future hold?
In the past few years, Nigeria’s fintech sector has grown in leaps and bounds, and has become the main attraction for VC investments. Despite the range of services, gaps in financial inclusion persist
Nigeria’s Apex bank made minor changes to the licensing regime for payment service banks. While there are some positive provisions, the policy leaves a lot to be desired given its goal for financial inclusion
Nigeria’s telecom regulator, NCC has ordered mobile network providers to agree with banks on a newly approved USSD charge. Though customers are excluded from paying, they might still end up bearing the brunt.
Based on a proposed change to its laws, Kenya wants to give its Apex bank the right to supervise digital lending apps. The aim is to limit the emerging predatory practices by several of these digital lenders
Though several Nigerians seemingly adopted online platforms during the lockdown, the volume of financial transactions dropped. Numbers seem to be recovering, but businesses may soon need to be wary of regulators
When Safaricom and Vodacom acquired M-Pesa from UK telecoms operator, Vodafone, details of their stakes and acquisition costs were still unclear. But we can tell from their financials.
OPay responds to shutdown claims of its businesses in Nigeria as it reveals plans to restructure. For the Chinese-backed startup, it seems current economic situations have forced it to limit its focus
Nigeria’s apex bank has released a regulatory sandbox framework for both new and existing fintech companies. With the proposal, new fintech products might have to be tested and approved before a full market launch.
Ex-Diamond Bank CEO, Uzoma Dozie sits for a chat with Techpoint Africa’s Adewale Yusuf to discuss his shift from traditional banking to digital banking with ‘Sparkle’, potential competition with his brothers (Carbon) and his entrepreneurial journey so far
Egyptian fintech platform MoneyFellows has secured $4 million in a Series A investment from venture capital (VC) firms Partech and Sawari Ventures, as it works towards helping millions of new users reach their financial goals.
Voyance, a Nigerian data science company, has launched Sigma to help fintechs tackle the constant problem of fraud. We have a chat with its co-founder, Abdul, and a fintech founder to weigh the merits of this new platform.
The rise of fintech firms in recent years has disrupted Nigeria’s financial sector. However, the outbreak of the pandemic has highlighted a number of challenges that only the most innovative will surmount.
Nigerian fintech startup, OPay has added more verticals to its platform. With the termination of ORide in Lagos earlier this year, we address speculations about the startup’s survival and explore possible action plans
CBN’s guidelines for financial institutions require lenders to present loan insurance to borrowers. This means borrowers out of employment due to the pandemic can claim personal insurance, if they know about it.
Though remittances in Africa have been on the increase, as a result of the pandemic, sub-Saharan Africa is set to lose $9 billion in remittances in 2020. But could other factors yield positive results in the long run?
Launching officially today, Bundle will create a world where traditional fintech and open finance co-exist in parallel through the power of blockchain technology
In what could potentially be financially trying times for most individuals in Nigeria, we take a closer look at the activities of digital lenders and what it could mean for low and average income earners in Nigeria.
Team Digital came out tops in CBN and NIBSS backed fintech sandbox hackathon. We take a look at the solution that seeks to use soundwaves from mobile phones to ease last-mile payments for low-income earners in Nigeria.