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‘Revolutionising Nigeria’s microfinance landscape through #Insurtech’ by Aderemi Fagbemi and Anthonia Udeh for @TopeAdebayoLLP (Techpoint Africa Publishing Partner).
Against the backdrop of a market filled with uncertainty and confusing policies, US payments giant, Stripe, acquired Nigerian payments company, Paystack. How will this shape future policies that affect startups?
For many in the Nigerian tech ecosystem, it was just a matter of time before this happened. Stripe, the lead investor in Paystack’s Series A funding has acquired the Nigerian payments startup for a rumoured $200m.
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?