Small Business

Exclusive: TymeBank to launch in Indonesia as it continues Southeast Asia focus

TymeBank, the South African digital bank with R4 billion ($222 million) in customer deposits, will launch in Indonesia by the…

1 year ago

Zone, NIBSS partner to use blockchain to record POS payments

Zone, a Nigerian blockchain-enabled payments infrastructure, has partnered with the Nigerian Inter-Bank Settlement Scheme (NIBSS) to introduce blockchain technology to…

1 year ago

PrivPay shutdown after Safaricom cut API access over compliance violations

PrivPay, a Kenyan fintech that allowed customers to make M-PESA transactions without revealing their personal details, shut down in May…

1 year ago

Kuda, the Target Global-backed challenger bank, tripled revenue to $22 million in 2022

Kuda, the Nigeria-focused neobank backed by Target Global, tripled its revenue, according to its latest audited financial statements filed with…

1 year ago

Jumia hires ex-PalmPay manager, Anthony Mbagwu, to head its Nigerian fintech subsidiary

E-commerce giant Jumia appointed Anthony Mbagwu as the managing director of its Nigerian fintech arm, JumiaPay. Mbagwu joins JumiaPay from…

1 year ago

Exclusive: Hohm Energy in financial distress months after $8m raise

Hohm Energy, the South African solar company that announced a $8 million seed round in February, is currently not operational due to…

1 year ago

Mobius, maker of low-priced SUVs for startups, to shutdown

Mobius Motors, a Kenya-based automaker backed by Playfair Capital, has entered a voluntary liquidation after efforts to rescue the company…

1 year ago

A profitable union: How banking agents helped OPay and Moniepoint distribute 17 million cards

Nigerian neobanks and banking agents need each other. The agents are the neobanks’ branches; they open accounts, accept deposits, process…

1 year ago

Food delivery apps are saving $100,000 yearly by choosing cheap communication apps

Margins are slim in the food delivery business. Whether it’s a cloud kitchen like Food Court, a restaurant aggregator platform…

1 year ago

Exclusive: How a six-week freeze on customer onboarding slowed card demand for OPay and Moniepoint

In April, Nigeria’s central bank barred fintechs from onboarding new customers for six weeks. In that period, two of Nigeria’s…

1 year ago