Nigeria Archives - FinTech Futures

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Nigerian fintech Appzone lands $10m for pan-African digital core banking solution

The Series A round was led by CardinalStone Capital Advisers.

Airtel Africa sells 25% stake in mobile money arm to Mastercard for $100m

Airtel Africa hopes to list the mobile money business as a separate entity.

Nigerian challenger Kuda Bank raises $25m in Series A funding

Neobank nabs more funding just four months after last round.

Fintech funding deals globally 8-14 March 2021

Featuring Stripe, Starling, BlockFi, Cedar, and Flutterwave.

Nigerian fintech Flutterwave lands unicorn status with $170m Series C

It is one of the few African start-ups to have secured more than $200 million in funding.

Netflix bags Uber’s product head Ebi Atawodi as payments director

Atawodi spent more than six years at Uber.

UK Black-owned challenger Atmen to launch in March

The start-up is now looking to raise £5 million from institutional investors.

Nigeria’s Xend Finance increases size of funding round to $2m

It initially launched its platform publicly late last year after raising $1.5 million in funding.

UK-Nigeria mobile wallet Sendit.Money goes crowdfunding

It has already exceeded its £100,000 target, having raised £146,006 at time of writing.

Nigeria’s central bank issues crypto shutdown throwing fintechs into disarray

Nigeria is one of the world’s largest users of virtual currencies.

Nigerian wealthtech Cowrywise raises $3m pre-Series A

The co-founders aim to democratise Nigerians’ access to savings and investment products.

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.

Cowries Microfinance Bank goes live on Craft Silicon solution

Nigerian bank moves forward with new core system.

SME lender Lidya aims for top spot in Nigeria, next stop Eastern Europe

Lidya expanded to Central Eastern Europe (CEE) earlier this month.

Nigerian fintech Lidya launches SME lending platforms for Poland and Czech Republic

The company’s USP is to create 100 million jobs worldwide.

FairMoney raises €10m to build challenger bank in Nigeria

FairMoney serves 200,000 customers who are mainly small businesses.

Digital Nigerian bank Kuda raises $1.6m in pre-seed funding

Kuda is the first digital-only bank in Nigeria.

EY inks agreement with Open Banking Nigeria

It will extend services to individuals and businesses across Nigeria.

Nigerian banking start-up favours Oracle FSS

EXCLUSIVE: Titan Trust Bank selects Oracle FSS for its core and digital banking technology.

Kudi raises $5m to expand bank agent network in Nigeria

Series A funding will support mission to serve underbanked people.

Korapay allows Nigerian migrants to send money back home

Currently in the US, but to be expanded to Canada, the UK and Europe.

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