Category: Fintech Africa

  • Duplo, a Nigeria fintech startup raises $1.3M pre-seed, to build payments infrastructure for B2B businesses

    Duplo, a Nigeria fintech startup raises $1.3M pre-seed, to build payments infrastructure for B2B businesses

    Duplo Inc, backed by yCombinator (YC W22) has raised $1.3M in pre-seed funding, to build payments operating system for B2B businesses in Nigeria. The round was  led by early-stage pan-African VC firm Oui Capital with other local investors participating. The friction Duplo is fixing in a nutshell, is payments in the FMCG sector — which […]

  • Yellow Card, Crypto Exchange Platform Resumes Transactions in Nigeria Naira

    Yellow Card, Crypto Exchange Platform Resumes Transactions in Nigeria Naira

    An African-focused crypto exchange platform, Yellow Card, has announced the resumption of naira deposits and withdrawals in Nigeria. The move by the company comes almost a year after a central bank of Nigeria directive forced the crypto exchange platform to suspend deposits and withdrawals operations. Oparinde Babatunde, Yellow Card’s director of services in a statement made available […]

  • Rubbing Mind With Africa’s First Female-led Fintech Unicorn, Wave

    Rubbing Mind With Africa’s First Female-led Fintech Unicorn, Wave

    After Wave has solidified its position as a leading mobile financial service in Africa, especially since attaining the much-coveted unicorn status. In this interview, the startup’s general manager in Senegal reflects on the journey so far, the challenges ahead, and the opportunities that fintech presents. Coura Sène also discusses the difficulties created by fintech’s rapid growth, […]

  • The Global Share Dealing App, Trove Wins 2021 Ecobank Fintech Challenge

    The Global Share Dealing App, Trove Wins 2021 Ecobank Fintech Challenge

    Trove Finance, a Nigerian-based global share dealing app has been named winner of the fourth edition of the annual Ecobank Fintech Challenge. The Ecobank Fintech Challenge is a flagship event of the Ecobank Group to support early-stage fintech from across the African continent. The virtual grand finale was streamed live from Accra in Ghana – […]

  • Nigerian financial service startup OnePipe, raises $3.5m seed round

    Nigerian financial service startup OnePipe, raises $3.5m seed round

    Nigerian growing fintech startup OnePipe has raised a $3.5 million seed funding round to double down on its embedded finance strategy. What does OnePipe do? OnePipe launched in August 2019, OnePipe aggregates APIs from banks and fintech into a standardised gateway that is easy to integrate and makes partnerships seamless. OnePipe saves time and money […]

  • Nigeria to make History as President Muhammadu Buhari unveils CBN’s eNaira

    Nigeria to make History as President Muhammadu Buhari unveils CBN’s eNaira

    Nigeria makes history today as it ushers in Africa’s first Central Bank Digital Currency (CDBC), the eNaira, an exercise the Central Bank of Nigeria (CBN) has described as “one of the milestones of a long journey.” President Muhammadu Buhari will be unveiling the eNaira today, at the State House in Abuja. The Central Bank of […]

  • Mono secured $15M Series A funding led by Tiger Global

    Mono secured $15M Series A funding led by Tiger Global

    A Nigeria-based financial data startup, Mono, has on Monday raised a $15 Million Series A funding led by Tiger Global – with participation from Target Global, General Catalyst, and SBI Investments. Also participating in the round were existing investors such as Entree, Acuity, Ingressive, Lateral Capital, and GPIC. This raise brings Monos’ total funding to […]

  • Andela raises $200M Series E funding, led by Softbank, at a $1.5B Valuation

    Andela raises $200M Series E funding, led by Softbank, at a $1.5B Valuation

    The global network for remote engineering talent, Andela, today announced Series E financing worth $200 million and the company is valued at $1.5 billion. The new round was led by Softbank Vision Fund 2, the $30 billion venture fund of SoftBank Group with participation from new investor – Whale Rock, and existing investors such as: […]

  • CBN eNaira Website goes live, set to launch October 1st

    CBN eNaira Website goes live, set to launch October 1st

    Prior to the instructions of the Central Bank of Nigeria (CBN) on February 5, 2021, as regards banks and other financial institutions to refrain from dealing with cryptocurrency (a digital currency) and facilitating payment for cryptocurrency exchanges, various crypto-based companies were frustrated out of the Nigerian market and the development of other digital and virtual […]