30 results
- 9 May 2023
Interswitch Partners Credit Bank of Kenya, IFAD to Deepen Remittance
As part of sustained efforts to create solutions that enable individuals and communities prosper across the continent, Interswitch Group, Africa’s leading integrated payments and digital commerce…
- 17 Dec 2020
Interswitch Partners Credit Bank on Multi-currency Prepaid Card
Interswitch Group, a digital payment company has collaborated with Kenya’s Credit Bank Plc to launch a multi-currency prepaid card for its African operations, which include Nigeria. The card is aimed…
- 31 Aug 2015
SimbaPay Commences Instant Deposit Service to all Choice Bank accounts in Kenya
SimbaPay, a leading digital money transfer provider, on Tuesday announced the expansion of its free instant deposit service to Choice Microfinance Bank in Kenya. SimbaPay partnered with Choice…
- 26 Mar 2026
Moniepoint Seals 78% Stake in Kenya's Sumac Bank for East Africa Push
Nigerian fintech unicorn Moniepoint Inc. has finalised its acquisition of a 78% stake in Kenya's Sumac Microfinance Bank, gaining a key deposit-taking licence for credit expansion in East Africa's…
- 27 Aug 2019
Standard Bank Sets Example on Offering Credit to SMEs Through Fintech
Standard Bank has taken a stake in local fintech firm Nomanini to offer credit to potentially millions of small shop owners and other informal retailers across Africa that have limited access to…
- 20 Feb 2024
FairMoney Looking to Expand Footprint in Kenya through Umba Acquisition
FairMoney, a digital bank based in Lagos is in talks to acquire Umba, a credit-led digital bank operating in Kenya, for $20 million in an all-stock deal. The fintech firm seeks to grow its customer…
- 21 Jun 2010
Rubikon Makes Impact in Global Market
The announcement was made following the most recent sign-ups for the banking platform by Infrastructure Development Bank of Zimbabwe (IDBZ); and Infrastructure Development Bank, Nepal. The new…
- 20 Oct 2023
History as Fintrak Software Unwraps Africa’s First AI-Powered Credit Management Software
Fintrak Software Limited, a financial technology (Fintech) firm headquartered in Lagos, has set a new benchmark in the African financial landscape with its introduction of AI-powered “Fintrak Credit…
- 23 Jan 2026
Zenith Bank Gets Regulatory Approval for Full Takeover of Paramount Bank
Zenith Bank, Nigeria’s second biggest lender by market value, has received approval from the Competition Authority of Kenya (CAK) to acquire 100 percent of Paramount Bank Limited, clearing a key…
- 24 Jan 2022
IFC Extends Financing to GTBank to Support SMB in Kenya
To help Kenyan businesses access more financing, including those with cash flows disrupted by the COVID-19 pandemic, IFC has extended a loan to Guaranty Trust Bank (Kenya) Ltd, a subsidiary of the…
- 1 Sept 2020
CredoLab Raises $7m in Funding to Expand into more African Markets
CredoLab, a developer of bank-grade digital credit scorecards based on smartphone metadata that launched in Nigeria, South Africa and Kenya, has secured US$7-million in Series A funding to expand its…
- 12 Sept 2014
Nucleus Software Unfolds Portfolio for Africa Banking Industry
Indian banking and financial services software powerhouse, Nucleus Software Exports has rolled out a new credit and loan system that will enable banks in Africa to improve its lending capabilities…
- 18 May 2020
COVID-19 Response: Mastercard to Connect 1Bn People, 50m Small Businesses, 25 Million Women Entrepreneurs to the Digital Economy by 2025
The health and economic consequences of COVID-19 have highlighted the critical need to support vulnerable populations, many of whom are disproportionately impacted. In this time of global crisis,…
- 19 Oct 2025
Richer Banks, Poorer Economy: The Hidden Crisis in Nigeria’s Financial System
By Blaise Udunze Across Africa, banks are getting bigger but not necessarily better. From South Africa’s Standard Bank to Morocco’s Attijariwafa and Egypt’s National Bank, financial institutions are…
- 16 Dec 2019
Agusto and Co Announces Retirement of Vivien Shobo Its Chief Executive Officer
Agusto & Co, Nigeria’s foremost Credit Rating Agency, has announced the retirement of its Chief Executive Officer - Vivien Shobo, effective 31 December 2019. Vivien Shobo Following over two…
- 16 Jan 2022
Periculum, Canadian Fintech Opens Operation in Nigeria, Sets to Build Credit Assessment Infrastructure for Africa
Periculum, Canadian fintech startup and credit assessment company, has launched in Nigeria to tackle the challenge of domestic credit to the underserved markets. Focused on improving financial…
- 9 Nov 2014
MasterCard, UBA Partner for Access to ePayment
MasterCard, and United Bank for Africa (UBA), have completed a multi-country licensing project that will see the pan-African bank accept and issue MasterCard prepaid, debit and credit cards in 14…
- 18 Oct 2021
Autochek Officially Launches in Kenya
Autochek, the automotive technology company that aims to facilitate auto finance across Africa, has officially widened its operations to Kenya as part of its pan-African expansion. To lead its Kenya…
- 20 Nov 2019
Fintechs Dangle Loans Online without Collateral
A growing number of Nigerians are now getting loans to meet their daily financial needs, thanks to the boom in financial technology industry. Whether it’s a personal loan, medical loan, rent…
- 6 Apr 2009
Nigerian Mobile Pay Firm enters East Africa Market
Tagattitude Nigeria, a subsidiary of the Global award winning mobile authentication solutions and payment provider, Tagattitude of France, has signed a deal with MobiPay of Kenya. Under the terms of…
- 8 Apr 2019
Branch International Raises $170m Series C Financing
Branch, the most downloaded finance app in Africa, announced a new global partnership and investment from Visa. The two companies share a vision of bringing financial access to billions of…
- 19 Dec 2019
Carbon Expands into Kenya
Carbon, Nigeria’s foremost digital financial services company, has launched into Kenya. Kenyans will now be able to access instant loans, from Ksh 500 to 50,000, using their National ID number and a…
- 11 Apr 2014
GTBank, Avios Launch Loyalty Reward Scheme
Guaranty Trust Bank plc has announced the launch of its new loyalty scheme exclusively for GTBank credit card holders. The loyalty scheme is in partnership with Avios, the leading global travel…
- 22 Apr 2016
Can FIRS Learn from Ingenico’s Cashless Revenue Collection Solution?
Ingenico Group, the global leader in seamless payment, deployed, jointly with its local partner Tracom, a Revenue Collection solution in the County of Nyeri in Kenya. This initiative was sponsored by…
- 19 Mar 2019
Google Announces Launchpad Accelerator Africa Class 3
Google has announced third Launchpad Accelerator Africa class as part of its ongoing efforts to support entrepreneurship on the continent. This third class, which starts on 1 April 2019,…
- 21 Jun 2019
Google Graduates third Cohort of Launchpad Accelerator Africa Programme, Opens Portal for fourth cohort
Google has graduated the third cohort of Launchpad Accelerator Africa on Friday, with application for fourth cohort now open in Lagos. The programme is part of Google’s ongoing efforts to…
- 8 Feb 2010
COMESA Bankers to Gather in Nairobi for Innovation Boost
The first decade of the new millennium has probably been the most traumatic ever for the international banking industry. Added to that, the African region’s mobile banking boom opens up a wide…
- 22 Jul 2019
Why Central Banks Need to Take Human Rights More Seriously
Many central banks are rethinking their approach to the environmental and social impact of their operations. According to Danny Bradlow, SARCHI Professor of International Development Law and…
- 17 Jan 2022
Nigeria Startups Raise $2.5Bn in Funding in 5 Years
Startups in Nigeria have raised about $2.5 billion in the last five years, representing aggregate funding, which startups received between 2017 and last year. For instance last year, startups…
- 27 May 2012
CBN to Engage Private Firms in Cash-less Campaign
Central Bank of Nigeria (CBN) is to engage private firms in an attempt to rev up the cashless economy campaign which has been met with lethargy and sabotage, Nigeria CommunicationsWeek can now…