Nigeria Archives - FinTech Futures

Nigeria

Nigerian challenger bank Kuda raises $10m in seed funding

Kuda completes the largest seed round in Africa.

Prospa sets out to serve global diaspora of African entrepreneurs

The start-up’s sweet-spot customers are entrepreneurs and micro-SMEs.

Stripe acquires Nigerian start-up Paystack in $200m deal

Paystack has 60,000 business customers across Nigeria and Ghana.

Nigerian fintech Lidya lends $3m to SMEs in Eastern Europe

The fintech start-up expanded into the region during the beginning of the COVID-19 lockdown.

Ingressive doubles African tech start-up fund to $10m

Ingressive averages $200,000 to $400,000 in individual investments.

P2P payments app Chipper Cash lands $13.8m

The San Francisco-based start-up operates across seven African countries.

Nigerian fintech KiaKia launches P2P lending investment app

Until this announcement, its P2P lending investment service has been exclusive.

Former Diamond Bank CEO launches Nigerian start-up Sparkle

Sparkle already has a banking license from Nigeria’s central bank.

Oracle gains three new Flexcube customers in Nigeria, Thailand, and Laos

Technology vendor also reveals 13 go-lives for Q4 2020.

Nigerian open banking fintech Okra raises $1m from TLcom

“We’re opening the door to another level of innovation,” says founder.

Jumia steps in to assist Africa amid rising coronavirus numbers

Jumia will help various African governments distribute masks to hospitals.

Inclusion, innovation, and mobile money in Sub-Saharan Africa

“If our systems fail, a big part of the economy would fail,” says exec.

Visa teams up with Nigeria’s Paga

Lagos-based Paga holds more than 14 million customers across Nigeria.

Nigerian fintech start-up Aella raises $10m

This debt financing round is Aella’s second raise.

Catalyst Fund raises $15m from JP Morgan and UK Aid for emerging market fintechs

Thirty fintech start-ups from South Africa, Kenya, Nigeria, India and Mexico will get funding.

Nigerian paytech Flutterwave raises $35m, partners with Worldpay

Flutterwave has become Worldpay’s only African payments partner.

Jumia to close Rwandan business

It comes just weeks after it exited Cameroon and Tanzania.

Trulioo opens GlobalGateway to Nigeria and Ghana

Nigeria & Ghana have taken significant steps toward increasing access to digitisation.

Opera-owned OPay raises $120m in Series B funding round

The Nigerian start-up will use the fresh cash to expand in the region.

Visa sends Nigerian fintech Interswitch to unicorn status

Sources say Visa paid $200 million for a 20% stake.

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