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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 […]
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Prospa raises $3.8M pre-seed fund to offer Software services to Nigerian micro-businesses
A Nigerian startup offering software and financial services to entrepreneurs and micro- businesses, Prospa, yesterday announced raising a pre-seed fund worth $3.8M. Participants in the pre-seed funding were Venture funds, Global Founders Capital, and Liquid 2 Ventures as well as leading entrepreneurs such as CEO of Mercury- Immad Akhund, RAMP’s Karim Atiyeh, Ankur Nagpal of […]
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Kuda, Nigerian digital bank startup raised $25m in Series A funding
Nigerian digital fintech startup, Kuda has secured $25m in Series A funding led by US based venture capital company, Valar Ventures. Including in this round is Target Digital and other angel investors which are not mentioned in the news. The Series A funding follows a $10m Kuda’s $10million raise in November 2020, a landmark well […]
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First Nigerian digital bank Kuda secures $1.6 million funding
The first Nigerian online full-fledged online digital banking Kuda secures a whopping $1.6 million in a pre-seed round funding. The funding was led by angel investors Haresh Aswani, Ragnar Meitern and others. Launched in 2016, Kuda was formerly known as KudiMoney but later rebranded and changed the name to Kuda when Central Bank of Nigeria […]
