Nigerian fintech Appzone lands $10m for pan-African digital core banking solution
The Series A round was led by CardinalStone Capital Advisers.
The Series A round was led by CardinalStone Capital Advisers.
Airtel Africa hopes to list the mobile money business as a separate entity.
Neobank nabs more funding just four months after last round.
Featuring Stripe, Starling, BlockFi, Cedar, and Flutterwave.
It is one of the few African start-ups to have secured more than $200 million in funding.
Atawodi spent more than six years at Uber.
The start-up is now looking to raise £5 million from institutional investors.
It initially launched its platform publicly late last year after raising $1.5 million in funding.
It has already exceeded its £100,000 target, having raised £146,006 at time of writing.
Nigeria is one of the world’s largest users of virtual currencies.
The co-founders aim to democratise Nigerians’ access to savings and investment products.
Kuda completes the largest seed round in Africa.
The start-up’s sweet-spot customers are entrepreneurs and micro-SMEs.
Paystack has 60,000 business customers across Nigeria and Ghana.
The fintech start-up expanded into the region during the beginning of the COVID-19 lockdown.
Ingressive averages $200,000 to $400,000 in individual investments.
The San Francisco-based start-up operates across seven African countries.
Until this announcement, its P2P lending investment service has been exclusive.
Sparkle already has a banking license from Nigeria’s central bank.
Technology vendor also reveals 13 go-lives for Q4 2020.
“We’re opening the door to another level of innovation,” says founder.
Jumia will help various African governments distribute masks to hospitals.
“If our systems fail, a big part of the economy would fail,” says exec.
Lagos-based Paga holds more than 14 million customers across Nigeria.
This debt financing round is Aella’s second raise.
Thirty fintech start-ups from South Africa, Kenya, Nigeria, India and Mexico will get funding.
Flutterwave has become Worldpay’s only African payments partner.
It comes just weeks after it exited Cameroon and Tanzania.
Nigeria & Ghana have taken significant steps toward increasing access to digitisation.
The Nigerian start-up will use the fresh cash to expand in the region.
Sources say Visa paid $200 million for a 20% stake.
Nigerian bank moves forward with new core system.
Lidya expanded to Central Eastern Europe (CEE) earlier this month.
The company’s USP is to create 100 million jobs worldwide.
FairMoney serves 200,000 customers who are mainly small businesses.
Kuda is the first digital-only bank in Nigeria.
It will extend services to individuals and businesses across Nigeria.
EXCLUSIVE: Titan Trust Bank selects Oracle FSS for its core and digital banking technology.
Series A funding will support mission to serve underbanked people.
Currently in the US, but to be expanded to Canada, the UK and Europe.