fintech

This YC-backed startup wants to be the control centre for African business finance

Managing business finances in Africa typically involves using scattered tools: accounting and budgeting softwares, banking and payroll apps, multiple Excel…

5 days ago

How much would you have made if you invested in Moniepoint?

Imagine backing one of Africa’s quietest giants before the crowd caught on. Today, that small company, Moniepoint, is now worth…

6 days ago

Raenest enters US market with new stablecoin and stock investing products

On Thursday, Raenest, a Nigeria-based cross-border remittance company that offers multicurrency accounts for freelancers and businesses, unveiled four new products…

2 weeks ago

Moniepoint bets $7.39 million on London expansion in UK remittance push

Moniepoint’s London remittance bet has cost it $3.77 million since February 2024, according to UK regulatory filings. Moniepoint Group set…

3 weeks ago

Car washers in South Africa’s biggest cities can now receive instant digital payments

Street Wallet, a South African cashless payment fintech, has partnered with Plush Car Wash, a popular car care brand, to…

4 weeks ago

Nigeria’s lenders have dodged credit bureau reporting for years; Lendsqr just made it free

Lendsqr, a Nigerian Lending-as-a-Service (LaaS) startup that serves banks, fintechs, and non-bank lenders, has partnered with CreditRegistry and CRC Credit…

4 weeks ago

7 African startups powering credit, crypto, creators, and capital

Startups On Our Radar spotlights African startups solving African challenges with innovation. In our previous edition , we featured 7…

4 weeks ago

Why Fincra is teaming up with Reap to speed up Africa–Asia transactions

Fincra, a payments infrastructure provider for businesses in and beyond Africa, has partnered with Reap, a global stablecoin-enabled infrastructure provider,…

1 month ago

For immigrants, this fintech makes credit history as portable as a passport

When Wale Akanbi, a former CTO and co-founder of Aella, a Nigerian financial and credit solutions provider, relocated to the…

1 month ago

Tanzania’s NALA enters Kenya with Equity Bank, Pesalink partnership

Tanzanian fintech NALA has expanded into Kenya through a partnership with Equity Bank and payment utility Pesalink, targeting the country’s…

2 months ago

Kenya’s High Court exempts fintechs from VAT in landmark ruling

A Kenyan High Court has ruled that fintechs should be exempt from value-added tax (VAT) on payment services, overturning an…

2 months ago

On Johannesburg’s streets, traders remain fiercely cash-first

In Johannesburg’s inner city, street traders turn sidewalks into shopfronts. On one side, a woman chops inhloko (cow head), her…

2 months ago

Apps push retail investments to ₦516.5bn on Nigeria’s stock market

Retail investors are tapping into Nigeria’s ₦89.06 trillion stock market as apps lower barriers to entry, pushing retail trades up…

2 months ago

Correction: After turbulent year, Leatherback shifts to enterprise remittance under new leadership

In June, Leatherback, the UK-headquartered cross-border fintech once mired in fraud investigations, unveiled new executives in posters styled like Marvel…

2 months ago

Cardtonic is building a super app for everything gift cards, gadgets, and payments

In Nigeria, the vibrant holiday season often comes with an unusual problem: wasted gift cards. A cousin in London might…

2 months ago

Fintech apps in Nigeria with competitive interest rates on savings

Table of contents A few years ago, I kept my savings in a regular bank account. The interest was so…

2 months ago

After turbulent year, Leatherback shifts to enterprise remittance under new leadership

In June, Leatherback, the Nigerian cross-border fintech once mired in fraud investigations, unveiled new executives in posters styled like Marvel…

2 months ago

Moniepoint’s new POS terminal shows the unicorn is playing a long enterprise game

On August 7, I watched a cobalt-blue Moniepoint point-of-sale (POS) device do something it had never done before. With a…

3 months ago

South Africa’s Street Wallet raises $350,000 to expand QR payments for informal traders

Street Wallet, a South African mobile payment fintech, has raised $350,000 (R6.2 million) in funding at a valuation of $2…

3 months ago

Digital lenders face up to ₦100m fine for unethical conduct under FCCPC new rules

Digital lenders in Nigeria now risk fines between ₦50 million and ₦100 million, or 1% of their annual turnover, for…

3 months ago