Nigeria

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…

11 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…

11 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…

12 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…

12 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…

12 months 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…

12 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…

12 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…

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

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

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

OjirehPrime becomes Pryme, seeks European banking licence

Nigerian fintech company OjirehPrime has changed its name to Pryme to expand to Europe, Central Asia, and the United Kingdom.…

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