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A voice-controlled bank app, a smart PoS, and an AI-powered lending solution have won a total of $9,500 at the Payaza Hackathon 3.0. The intensive hackathon programme which ran from Wednesday, November 20 to Thursday, November 21, 2024, was themed AI-powered financial inclusion for MSMEs. A total number of seven teams competed to dazzle judges…
Following significant milestones at Hisa, including regulatory approvals and user base growth, co-founder Eric Jackson has stepped down weeks after being acquired by Risevest.
As I move into a new chapter beyond just the fintech space, I can’t help but reflect on the transformative potential of open banking, especially in emerging markets like Africa. My journey in fintech has left me with a deep appreciation for the power of open banking to reshape financial solutions and drive inclusion. Although…
Accrue will discontinue its stock investment feature by 2024, cancelling and refunding all pending orders as it refocuses on accessible financial solutions for African users.
Lendsqr, a Nigerian fintech, has launched its loan processing platform in Kenya, expanding its efforts to drive financial inclusion across Africa.
Investing used to be a secret club for the elite. Now, Nigeria’s fintech boom opens doors for everyone. Discover the 10 best investment platforms offering stocks, bonds, crypto, and more to help you grow your wealth.
Moniepoint’s $110m raise and new CFO have fuelled speculation about a commercial bank licence. Experts see it as a chance to expand its services, tapping into Nigeria’s underbanked market.
The Central Bank of Nigeria has granted the Africhange subsidiary in Nigeria, Currenzo, an International Money Transfer Operator (IMTO) licence to process direct remittance into Nigeria, boosting cross-border transactions for the diaspora.
Moniepoint hires ex-Stanbic IBTC CFO, Bayo Olujobi, to lead financial strategy at its microfinance bank as the fintech scales across Africa, reinforcing its regulatory and growth ambitions.
What ideas are Africa’s fintech investors betting on? Four investors speak to Techpoint Africa on sectors they’re excited about.
Nigeria’s fintech growth has heightened the need for secure transactions. OPay addresses this with stringent regulatory compliance and industry certifications like PCI-DSS and ISO certifications.
MTN Nigeria’s MoMo PSB applies for two additional licences as it looks to expand its capabilities in digital payments. This regulatory milestone could redefine telecom-led financial services in Nigeria, enabling MoMo PSB to offer more versatile solutions across the country.
Bamboo has launched a remittance app, ‘Coins by Bamboo,’ to help people transfer money from the diaspora to Africa. The app, available on iOS and Android, allows for fee-free transfers from Canada to Nigeria, with additional markets to follow.
Moniepoint’s Series C has elevated it to unicorn status. With over 10 million users, the startup is eyeing African expansion, but doubling down on Nigeria may yield even better results.
Orange and Mastercard have agreed to allow Orange Money wallet holders to make digital payments through Mastercard’s global network of merchants in seven countries by 2025: Cameroon, the Central African Republic, Guinea-Bissau, Liberia, Mali, Senegal, and Sierra Leone.
MoMo PSB has launched outbound and inbound remittance services, enabling Nigerian customers to send money to 13 African countries through the app and USSD channels. The sender incurs a 3% transaction charge and is notified of the conversion rate.
Ibrahim Ibitade, CEO and co-founder of Leatherback, has stepped down, with Toni Campbell, a managing partner at Kinfolk VC, stepping in as interim CEO. The Group MD and CEO of lead investor Zedcrest Group will also serve as a non-executive director.
FirstBank will transition to a new cloud-based procurement and financial platform from October 26 to November 4, 2024. Vendors are advised to submit invoices before October 25 to avoid disruptions during this migration period.
The past few weeks have been quite challenging for traditional banks in Nigeria. The core banking migrations have halted their services, and some users have been unable to access banking services. Many of these users have turned to fintech platforms that will allow them to perform financial transactions, exemplifying the importance of these platforms, especially…
Nigerian fintech, Woven Finance, which refuted shutdown claims earlier this year, has revealed what really happened, its growth, and a brand refresh to reintroduce users to its payment solution.