Watu Holdings, a Kenyan buy-now-pay-later startup, reported a sharp 85% drop in profit to $1.2 million (KES157 million) in 2024,…
What does it really take to build a startup in Africa—from the first idea to the thousandth day? In Day…
MTN South Africa has entered the competitive payments market with MoMo Pay, a low-cost digital payment platform designed for informal…
Three South African fintech startups, Paymenow, TymeBank, and Omnisient, have been named in the Financial Times (FT) Africa’s Fastest-Growing Companies…
Nigerian fintechs have had a mixed relationship with cards. In the past, some offered foreign-issued cards like Visa and Mastercard…
If you’re building a fintech startup in Nigeria, one of the first things you’ll need to figure out is this:…
South African fintech startup SOLmate has doubled its active user base over the past year to about 100,000, driven by…
Oxygen X Finance Company Limited, the digital lending subsidiary of Access Holdings Plc, disbursed ₦152 million ($95,000) in consumer loans…
Nigerian lending software startup, Lendsqr, is building an artificial intelligence model that analyses borrowers’ voices and faces to determine if…
The value of mobile money transactions in Kenya dropped sharply over the 12 months to February 2025, falling by 19.6%…
Digital lender Tala has laid off 28 employees from its customer operations team, citing a reduced workload due to fewer…
Moniepoint, the Nigerian fintech unicorn, has launched Monieworld, its remittance product that allows UK residents to send money directly from…
Stitch, a South Africa-based payments infrastructure startup founded in 2021, has raised $55 million in a Series B round, bringing…
Stitch, a South Africa-based payments infrastructure startup founded in 2021, has raised $55 million in a Series B round, bringing…
Umba, a Nairobi-headquartered digital bank with operations in Kenya and Nigeria, has raised a $5 million debt facility to grow…
PalmPay, the Nigerian fintech with over 35 million users, has launched its first debit card in partnership with Verve, marking…
Nine years ago, Shola Akinlade, Paystack’s CEO, bet on making online payments frictionless and that bet paid off with a…
Nigeria recorded the steepest decline in cash transactions to surpass six cash-reliant economies in the past decade thanks to the…
When fintechs like Paystack and Flutterwave gained prominence between 2016 and 2019 to disrupt Nigeria’s financial sector, traditional banks had…
Turaco, a Kenyan insurtech company, has spent six years disrupting the underpenetrated insurance market with less than $2 premiums. However,…