News

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…

1 year 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…

1 year 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.…

1 year 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…

1 year 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…

1 year 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…

1 year 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…

1 year 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…

1 year 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…

1 year 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…

1 year ago

Fintech giant Interswitch eyes telecoms market with $1 million MNVO license

Interswitch, the Visa-backed Nigerian payments giant that reported $42 million in revenue for its financial year ended March 31, will…

1 year ago

Exclusive: Bilha Ndirangu sues IFC-backed Africa’s Talking over removal as director

Bilha Ndirangu, a former director of the IFC-backed Africa’s Talking, is suing the company she cofounded for unlawful termination of…

1 year ago

Interswitch seeks PSB license following merger with M-Kudi

Interswitch, the Visa-backed Nigerian payments giant, has merged with M-Kudi, a mobile money provider, as it seeks a payment service…

1 year ago

Flutterwave’s COO leaves fintech giant after several other high-profile exits

Flutterwave’s chief operating officer, Bode Abifarin, has left Africa’s largest startup after six years of leading the startup’s operations, in…

1 year ago

Kippa users demand access to data as the fintech quietly pivots

For Lanre*, a Lagos-based businessman, the past month has been a nightmare. Unable to access customer data, which he has…

1 year ago

With ₦1.1 Trillion in transactions, Firstmonie is the biggest bank-led agency banking service

Firstmonie, the agency banking arm of First Bank of Nigeria, is the biggest bank-led agency player in the country’s agency…

1 year ago

Exclusive: Fintech giant Flutterwave secures release of $3 million in Kenya

A Kenyan high court has unfrozen $3 million belonging to fintech giant Flutterwave and two of its associates, ending a…

1 year ago

Leatherback CEO Ibrahim Ibitade wants to move on after EFCC debacle

Ibrahim Ibitade, the CEO of Leatherback, a cross-border payments startup that operates in seven countries, is ready to move from…

1 year ago

Leatherback CEO Ibrahim Ibitade sues EFCC for defamation after he was wrongly declared wanted

Ibrahim Ibitade, the CEO of Leatherback, a cross-border payments startup that operates in seven countries, is suing Nigeria’s Economic and…

1 year ago