News

Exclusive: Caantin expands into US after two rebrands and layoffs

Caantin, the Kenyan startup that was formerly called Kibanda and then TopUpMama, has led many lives. Backed by Ventures Platform…

6 months ago

Flutterwave receives payment aggregator licence approval-in-principle to expand to Mozambique

Flutterwave, one of Africa’s leading payment companies, has secured a Mozambique payment aggregator licence in principle. This high-profile licence enables…

6 months ago

Peleza merges with YC-backed Prembly to form Prembly Group

Kenyan identity management startup, Peleza has merged with YC-backed Prembly to form the Prembly Group. Both companies declined to provide…

6 months ago

Nigerian fintech startups could spend over $1 million on KYC address verification

Following important changes to Know Your Customer processes by the Central Bank, fintech startups must now physically verify the addresses…

6 months ago

Kenya data analytics startup Gro Intelligence shuts down

Months after the board of the agricultural data platform Gro Intelligence replaced CEO and founder Sara Menker, the New York…

6 months ago

Spiro secures $50m debt funding from Afreximbank to expand electric vehicles in Africa

Spiro, an India-based electric vehicle company, has signed a $50 million debt financing deal with Afreximbank to expand its offering…

7 months 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…

7 months 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…

7 months ago

Chipper Cash resumes US operations two months after pausing services

Chipper Cash, a pan-African fintech startup, has resumed operations in the US after a two-month pause, and after a restructuring…

8 months ago

Exclusive: BuuPass acquires QuickBus, a bus ticketing platform, in a cash and stock deal

BuuPass, a Kenyan travel booking platform backed by Founders Factory Africa and FrontEnd Ventures, has acquired its Nigeria and South…

8 months ago

Exclusive: CBN directs four fintechs to stop onboarding new customers

Kuda Bank, Moniepoint, OPay and Palmpay have paused account opening for new customers following a directive from the Central Bank…

8 months ago

Exclusive: The Peer will return $350,000 to investors after shutting down

When The Peer, a Nigeria-based API startup, shut down in April, the business still had up to twenty months of…

8 months ago

Who calls the shots at Susa Ventures-backed Okra?

Okra, an open finance startup, is one of the few Nigerian API services that provides real-time access to financial data.…

9 months ago

Mastercard’s direct bank payment with Mono may boost the Nigerian startup in its race to profitability

Mastercard, the second-largest payment network in the world, has partnered with Mono, a Nigerian YC-backed open banking startup, to enable…

9 months ago

Roam secures financing deal with Mogo to grow electric motorcycle adoption

Roam, a Kenyan-based electric mobility company, has secured a partnership with Mogo, an asset financier in East Africa, to boost…

9 months ago

Central Bank of Nigeria withdraws Cellulant’s mobile money licence as company focuses on payment solutions

The Central Bank of Nigeria (CBN) has revoked the mobile money licence of Cellulant Nigeria, a subsidiary of one of…

9 months ago

Nigerian neobank Kuda eyes global reach with new licenses

Kuda Microfinance Bank, the Target Global-backed neobank, has secured payment licences in Tanzania and Canada as part of an expansion…

9 months ago

Breaking: Chipper Cash cuts US and UK-based roles after suspending US operations

One week after suspending its services in America, Chipper Cash will eliminate roles based in the UK and US to…

9 months ago

Crackdown on unlicensed companies cuts digital creditors in Kenya to 51

Before consumer protection laws were passed, any lender could run a digital credit business. Kenya has approved the operation of…

9 months ago

Flutterwave appoints former CBN director as board chair

Flutterwave, Africa’s most valuable startup, has appointed Dipo Fatokun, a former director at the Central Bank of Nigeria (CBN), as…

9 months ago