fb pixel

Fintech

Highlights

highlight

Exploring the Fintech Ecosystem in Ghana with David Bolton

21

Tala’s Success at Africa Bank 4.0 Awards

Tala, a pioneering fintech company that provides digital lending, savings, and money transfer services, has been honoured with the Most Inspiring Fintech in Digital Lending award at the prestigious Africa Bank 4.0 Awards.  The Africa Bank 4.0 Awards, held on 6th June, celebrates excellence and innovation in the banking and fintech sectors across the continent.  […]

Hauwa Ali Abdul
16

Zambian fintech Lupiya wins GITEX Africa supernova challenge

Lupiya, a female-led Zambian microfinance startup, has clinched the top spot at the GITEX Africa Supernova Challenge during Morocco’s GITEX Africa 2024 event. The conference is the continent’s most significant technology and digital economy trade show, attracting over 30,000 visitors. Founded by Evelyn Kaingu and Muchu Kaingu, Lupiya’s victory has sent excitement through Africa’s tech, […]

Ibukunoluwa Josephine Bankole
16

Selcom Tanzania acquires access microfinance, launches country’s first digital bank

Selcom Tanzania, a leading Pan African financial and payment technology provider, has acquired Access Microfinance. This strategic move marks the birth of Selcom Microfinance Bank Tanzania, the first digital bank in the country, signifying a significant step towards a more connected and empowered financial ecosystem. Merging Technology and Traditional Banking The acquisition is set to […]

Ibukunoluwa Josephine Bankole
36

CBN’s Licence Revocation and Heritage Bank: NDIC’s Role

The Nigerian Deposit Insurance Commission (NDIC) has started liquidating Heritage Bank following its appointment as liquidator by the Central Bank of Nigeria (CBN). The bank’s failure to improve financial performance, threatening financial stability, led to revoking its licence. The CBN stated that the bank’s failure to improve has led to no reasonable recovery prospects. A […]

Staff Writer
20

Get Instant Cash with SC Juza Mobile Lending

Standard Chartered has introduced SC Juza, a smartphone application that gives customers access to short-term financing services.  The app intends to fulfil the ever-increasing need for unsecured loans with short repayment terms that may be rapidly dispensed through mobile wallets. Need a loan? How does the SC Juza App work? The digital product lets customers […]

Modupeoluwa Olalere
16

CBN lifts Opay, Moniepoint, others account ban following compliance efforts

The Central Bank of Nigeria (CBN) has announced that the ban on new account openings for leading fintechs, including OPay, Moniepoint, Kuda, PalmPay, and Paga, has been lifted.  This decision comes after a period of suspension in April 2024, where the CBN directed these digital banks to halt onboarding new customers to tackle fraudulent activities […]

Ibukunoluwa Josephine Bankole
16

Fincra to launch EUR virtual account at GITEX Africa

Fincra, a Nigerian fintech firm, has announced plans to launch its latest Banking as a Service (BaaS) product, the EUR Virtual Account. This innovative solution enables businesses across North and Francophone Africa to effortlessly collect foreign currency payments, particularly in Euros. Fincra’s EUR Virtual Account aims to simplify the process of receiving Euro payments through […]

Ibukunoluwa Josephine Bankole
21

Paystack-led consortium acquires Brass; banking startup

In a landmark deal for the Nigerian fintech industry, a consortium led by Paystack, including prominent investors such as Piggyvest, Ventures Platform Fund, P1 Ventures, and angel investors Oo Nwoye and Olumide Soyombo, has successfully acquired Brass, a burgeoning business banking startup.  This strategic acquisition marks a significant milestone in the growth and consolidation of […]

Hauwa Ali Abdul
21

Flutterwave secures Mozambique operational licence

Flutterwave, a leading African fintech company known for providing seamless payment solutions, has successfully secured a licence to operate in Mozambique, enabling it to tap into the country’s burgeoning $9 billion digital market. This development empowers local businesses with secure and convenient solutions, promoting growth and expansion across the African continent. This strategic expansion aims […]

Hauwa Ali Abdul
21

M-PESA Africa partners with Remitly, others to launch first class money transfer

In a groundbreaking partnership, M-PESA Africa has joined forces with Remitly and Vodacom Lesotho to launch a pioneering service that enables individuals in 30 countries to send money directly to M-PESA accounts held by Vodacom Lesotho subscribers. This innovative solution will provide millions of people with a fast, convenient, and secure way to transfer funds […]

Hauwa Ali Abdul
21

Payrails, inDrive to transform digital payments for ride-hailing in MENA

To revolutionise the ride-hailing industry in the Middle East and North Africa (MENA), inDrive,  a leading global ride-hailing service, has partnered with Payrails, a payment technology innovator, to enhance payment processes and improve user experiences.  This collaboration has already led to an 11% increase in card approval rates, streamlining payment operations and driving efficiency in […]

Hauwa Ali Abdul
21

Mastercard-AfDB Digital Economy Alliance to boost African digital access

Mastercard and the African Development Bank (AfDB) have joined forces to enhance African digital access through the Mastercard-AfDB Digital Economy (MADE) Alliance.  This initiative aims to connect 100 million people and businesses to essential digital services over the next decade, marking a significant step forward in Africa’s digital transformation. The MADE Alliance is a strategic […]

Hauwa Ali Abdul
21

Finlogic evolves from start-up to leading financial solutions provider

Finlogic Nigeria Limited has rapidly evolved from a start-up to a key player in Nigeria’s financial landscape. Its journey from a start-up to a premium organisation in Nigeria was possible because of its tech-driven approach, which ensures efficiency, transparency, and cost-effectiveness for its clients. The company developed a safe and efficient currency exchange platform that […]

Hauwa Ali Abdul
Advert