Nigeria

How data obsession became MyFoodAngels’ secret sauce in the first 1,000 days

In Day 1–1000, we follow founders through the raw, unfiltered journey of company-building: the early scrambles, the quiet breakthroughs, the…

1 week ago

Day 1–1000: How Sycamore founders built the fintech from a living room

What does it really take to build a startup in Africa—from the first idea to the thousandth day? In Day…

1 week ago

Roam, M-Kopa top Kenyan firms on FT Africa’s fastest-growing companies list

Three Kenyan startups—Roam Electric AB, M-KOPA Holdings Ltd, and Victory Farms Ltd—have been named among Africa’s fastest-growing companies in the…

2 weeks ago

Correction: Nigerian startup, Allawee, wants to restore fintechs’ confidence in cards

Nigerian fintechs have had a mixed relationship with cards. In the past, some offered foreign-issued cards like Visa and Mastercard…

2 weeks ago

10 African startups opening markets, cutting CO2 & seafarming no one’s talking about yet

Startups on Our Radar is a bi-weekly column that spotlights new startups across Africa taking unconventional approaches, filling fundamental gaps,…

2 weeks ago

Kenyan edtech Craydel expands to Rwanda, taps Nigerian talent in Pan-African push

Craydel, a Kenyan edtech that helps students apply to universities abroad, has launched in Rwanda and is expanding its Nigerian…

2 weeks ago

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 month 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…

2 months ago

Nigeria records largest global drop in cash usage as digital payments surge

Nigeria recorded the steepest decline in cash transactions to surpass six cash-reliant economies in the past decade thanks to the…

2 months ago

“Transfers will be the future”: GTCO’s HabariPay expands fintech push with new licences

When fintechs like Paystack and Flutterwave gained prominence between 2016 and 2019 to disrupt Nigeria’s financial sector, traditional banks had…

2 months ago

NIBSS bets on QR codes as a cash alternative for small-value payments

The Nigeria Inter-Bank Settlement System (NIBSS), the country’s largest payment switch, is betting on QR codes as a cash alternative…

4 months ago

Moniepoint, OPay, PalmPay responded to 2024 ban with better data collection and compliance

In 2024, Nigerian fintechs faced significant regulatory pressure, including fines and a six-week ban on onboarding new users due to…

4 months ago

Moniepoint taps Stanbic IBTC CFO for its microfinance bank after $110 million raise

Moniepoint, the Nigerian fintech that recently raised $110 million at a billion-dollar valuation, has appointed Bayo Olujobi as the Chief…

7 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…

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

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…

10 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…

10 months ago

Food delivery apps are saving $100,000 yearly by choosing cheap communication apps

Margins are slim in the food delivery business. Whether it’s a cloud kitchen like Food Court, a restaurant aggregator platform…

11 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 record label Mavin made an unusual marketing…

11 months 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…

11 months ago