News

Lendsqr develops AI to assess Nigerian borrowers by face and voice

Nigerian lending software startup, Lendsqr, is building an artificial intelligence model that analyses borrowers’ voices and faces to determine if…

1 week ago

Tala lays off 28 staff as loan defaults and customer queries fall

Digital lender Tala has laid off 28 employees from its customer operations team, citing a reduced workload due to fewer…

3 weeks ago

How Moniepoint is going after remittances with Monieworld

Moniepoint, the Nigerian fintech unicorn, has launched Monieworld, its remittance product that allows UK residents to send money directly from…

3 weeks ago

Ex-Kuda executive sues over gender discrimination, wrongful termination allegations

A former executive at Kuda, one of Nigeria’s leading fintech startups, has filed a lawsuit at an employment tribunal in…

3 months ago

CBN fines Moniepoint and OPay ₦1 Billion each as Nigeria tightens fintech regulation

In a continuation of the Central Bank of Nigeria’s (CBN) increased scrutiny of fintech startups, two of the country’s most…

5 months ago

Visa invests in Orda, Oze, WorkPay, and OkHi to boost African financial inclusion

Visa, the world’s second-largest card payment processor, has made strategic investments in four African startups as part of its plan…

6 months ago

MTN Nigeria to obtain two additional payment licences for MoMo PSB

MTN Nigeria, the country’s biggest telco, has applied for Payment Service Solutions Provider (PSSP) and Payment Terminal Service Provider (PTSP)…

6 months ago

YC-backed Bamboo expands to Canada with remittance product

Bamboo, the Y Combinator-backed investment app that allows Africans to buy and trade local and international stocks, is expanding to…

6 months ago

M-KOPA appoints former Nokia CEO Rajeev Suri as new board chairman

M-KOPA Holding, a Kenyan startup that offers financing for smartphones and solar systems, has appointed former Nokia CEO Rajeev Suri…

7 months ago

Fintech startup Lendsqr is launching ₦1 billion working capital for lenders

Lendsqr, a startup that provides all the software companies need to start a lending business, will now offer its clients…

7 months ago

Okra joins local cloud providers providing affordable alternatives to AWS and Azure

Okra, an open-banking startup in Nigeria, has launched Nebula, a cloud infrastructure product. It joins a growing list of homegrown…

7 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…

8 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…

9 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…

9 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…

9 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…

9 months 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…

9 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,…

10 months ago

Want your rice with a side of ads? Chowdeck is working on an ad product

For the rollout of  Ayra Starr’s album ‘The Year I Turned 21,’ her recordMavin made an unusual marketing…

10 months 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…

10 months ago