west africa

Exclusive: Techstars-backed BlackCopper set out to disrupt lending, now it owes investors ₦1 billion

Lending is a tough nut to crack, and Nigeria’s biggest banks, valued at trillions of naira, know this too well.…

5 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…

5 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…

5 months ago

Credit Direct, the digital lender with ₦4bn in 2023 profits wants a bigger piece of the pie

Digital lending is notorious for teaching expensive lessons. While every lender will talk up their proprietary algorithms and foolproof loan…

6 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…

8 months ago

Who calls the shots at Sycamore?

Sycamore, a Nigerian fintech startup, offers loans for individuals and businesses, including salary and business loans. It also enables users…

8 months ago

Who calls the shots at the Tiger Global-backed Bamboo?

Bamboo is a Tiger Global-backed Nigerian investment startup that enables users to buy and trade US stocks in real-time from…

8 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…

8 months 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…

9 months ago