fintech

Kenyan parliament pushes for Safaricom, M-PESA split

Kenyan lawmakers have revived the 2022 Information and Communications (Amendment) Bill, which seeks to split Safaricom, the country’s biggest telco…

10 months ago

Banks and fintechs remain wary of Crypto despite new licences

On Friday, Nigeria’s Securities and Exchange Commission (SEC) issued the country’s first crypto licences to Busha and Quidax, two home-grown…

11 months ago

Raenest, Leatherback, Vesti, and Graph pitch themselves to African founders as Mercury alternatives

African fintechs that help companies access banking services in the U.S. and Canada are wooing founders affected by Mercury’s abrupt…

12 months ago

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…

12 months 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…

12 months 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…

12 months 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…

12 months 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…

12 months ago

Flutterwave, Kuda, Piggyvest named CNBC’s Top 250 Fintech Companies

Statista, a world-renowned market data provider, and CNBC, an American media company, listed seven African fintech companies—Flutterwave, Piggyvest, Kuda, MTN,…

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

₦714 million glitch: fintech giant OPay gets court order to restrict customer accounts

Chinese-backed fintech giant OPay has received approval from a Federal High Court in Lagos to freeze customer bank accounts in…

1 year ago

Exclusive: Techstars-backed BlackCopper set out to disrupt lending, now it owes investors ₦1 billion

Lending is a tough nut to crack, and Nigeria’s biggest banks, valued at trillions of naira, know this too well.…

1 year ago

Kenya to issue payment licences: Flutterwave, Chipper Cash could be first in line

The Central Bank of Kenya (CBK) plans to issue payment licences to fintech startups soon, an important softening of an…

1 year ago

YC-backed Prospa is unable to process withdrawals for the second time in 5 months

Prospa, the Y Combinator-backed business banking startup, is the subject of complaints and social media callouts after persistent delays in…

1 year ago

Safaricom and Pezesha launch new loan service for small businesses

Safaricom, Kenya’s top mobile network, has picked Pezesha, a digital lender, to provide credit to small business owners, which will…

1 year ago

Exclusive: Brass opts for a smaller team under new management

While the takeover of business banking startup Brass by a group of investors was widely hailed as a win by…

1 year ago

Tiger Global-backed Minka is the latest LATAM fintech to set up shop in Africa

In recent years, a handful of Latin American fintechs have made inroads into Africa to tap into its growing digital…

1 year ago

Credit Direct, the digital lender with ₦4bn in 2023 profits wants a bigger piece of the pie

Digital lending is notorious for teaching expensive lessons. While every lender will talk up their proprietary algorithms and foolproof loan…

1 year ago

Tanzania targets predatory loans: Central Bank excludes unlicensed apps

Tanzania’s Central Bank will no longer allow unlicensed digital lenders to operate in the country and has told customers to…

1 year ago

Exclusive: Flutterwave loses ₦11 billion in security breach

One month after obtaining a court order to recover $24 million lost to unauthorised POS transactions, Flutterwave suffered another security…

1 year ago