30 results
- 14 Jul 2026
Gigbanc Nigerian Fintech Startup Closes Shop after 3 Years
Gigbanc, Nigerian fintech startup, has announced it is winding down operations, after three years, citing a tough fundraising climate. Paul Omoregie Okundaye, and Babatope Oni, co-founders of Gigbanc…
- 6 Dec 2023
Pivo, Nigerian Fintech Startup Shuts Down after Raising $2m
Pivo, Nigerian fintech startup, has closed shop after raising some $2m from over 18 investors about one year ago. Nkiru Amadi-Emina, the CEO, and Ijeoma Akwiwu, the COO. Photo Credit: Pivo, Jayk7…
- 11 Oct 2021
Mono, Nigerian Fintech Startup Secures $15m Series A
Mono, Nigeria's tech-driven fintech startup, has closed a $15,000,000 Series A funding round led by Tiger Global. Target Global, General Catalyst and SBI Investment are new investors who joined in…
- 13 Jul 2026
Nearpays, Nigerian Fintech Becomes First African Startup to Win UN’s AI for Good Innovation Factory
Nearpays, Nigerian fintech, has won the AI for Good Innovation Factory grand finale — the first African startup ever to take the global title in the competition, which runs as part of the United…
- 8 Nov 2022
Improving the Startup Environment with Nigerian Startup Act
By Lere Ojedokun On October 19, 2022, the Nigerian technology and innovation space, and in particular the tech-enabled startup ecosystem received a major boost when President Muhammadu Buhari signed…
- 29 Jan 2025
LemFi, Nigerian Startup Acquires Bureau Buttercrane, Irish Fintech
LemFi, a remittance startup, has acquired Bureau Buttercrane, the Irish currency exchange platform. In a statement on Wednesday, LemFi announced that it had obtained regulatory approval from the…
- 24 Jul 2024
Nigerian Fintech Firm Risevest Set to Acquire Kenyan Stock-trading App Hisa
Nigerian fintech startup enabling access to global investments and Nigerian stocks, Risevest is currently in negotiations to acquire Hisa, a Kenyan startup facilitating access to US stocks. Should…
- 4 Jun 2023
Nigerian Startup, NearPays Wins Big @GITEX Africa in Morocco
Nearpays Technology Limited, a Nigerian startup has emerged best in the Fintech and Blockchain category of the Supernova Challenge at GITEX Africa, Morocco. Nearpays was awarded a cash prize of…
- 21 Nov 2021
Nigerian Startup Kippa Secures $3.2M Pre-seed Funding
Nigerian fintech startup, Kippa announced that it has raised $3.2 million in a pre-seed funding round led by Berlin-based VC Target Global. Other VCs that participated in the round include Entrée…
- 21 Apr 2026
4 Nigerian Startups Selected to Join Milestone 10th Google for Startups Accelerator Africa Cohort
Four Nigerian technology startups - Bani, MasteryHive AI, Regxta, Termii - have been selected to join the 10th cohort of the Google for Startups Accelerator Africa. Chosen from an exceptionally…
- 10 Feb 2020
Nigerian Fintech Aella Raises New $10m in Funding
A Nigerian fintech start-up, Aella has raised a $10m debt financing round, from HQ Financial Group (HQF), Singapore-based private company specializing in new material science, semiconductor and…
- 10 Mar 2021
Nigerian Payments Startup Flutterwave Raises $170m, Now Valued at Over $1Bn
Flutterwave, Nigerian payments startup has closed a $170m Series C funding round, the largest amount ever secured by an African tech startup and one that gives it “unicorn” status with a value of…
- 17 Oct 2023
Nigerian Blockchain Startup Coinazer Expands to Brazil as it Clocks 5k Customers
Nigerian crypto startup Coinazer has already clocked 5,000 customers, facilitated over US$3.8 million worth of transactions, and expanded to Brazil, with further expansion planned. Founded in April…
- 12 Dec 2025
Top Nigerian Startups Secure Funding Boost @ iHatch Demo Day Awards
Nigeria’s startup ecosystem received a fresh injection of momentum as top emerging ventures secured funding and investor attention at the iHatch National Demo Day, where Interface Africa clinched the…
- 24 Jul 2024
Mercury Bank Blocks Accounts Linked to Nigerian Startups, Others
American financial technology company, Mercury, has announced plans to terminate the accounts of businesses based in several countries, including Nigeria, effective from August 22, 2024. This…
- 12 Sept 2024
15Wins Ventures Embarks on ₦5bn Fundraising to Empower Nigerian Startups
Dutch-based venture builder, 15Wins Ventures, is in the process of raising a ₦5 billion venture fund, aiming to supercharge the growth and scalability of high-potential startups across Nigeria. The…
- 15 Oct 2024
Branka Mracajac, CEO 9PSB says Innovations, Collaboration, Essential for Nigerian’s Fintech Growth
At the 2024 Nigeria Fintech Week held in Lagos, Branka Mracajac, CEO of 9 Payment Service Bank (9PSB), Nigeria’s digital payment service bank, focused on financial inclusion, emphasized the critical…
- 20 Jun 2022
Nigerian Startup wins Visa Everywhere Initiative 2022 for Central Europe, MEA Region
Technology-driven agricultural start-up, ThriveAgric, has emerged as the winner of the Central Europe, Middle East, and Africa (CEMEA) Visa Everywhere Initiative (VEI), a global innovation program…
- 21 Oct 2021
Nigerian Fintech Secures $1.7mn Financing Round “to Bet on African SMEs”
Brass, a Nigerian digital bank delivering easy access to affordable premium banking services for small and medium-sized businesses (SMEs), has today secured $1.7mn in funding to address the heavily…
- 30 Oct 2022
Nigerian Companies Should Invest in Startups - Tobechukwu Okigbo, CCSO MTN Nigeria
Tobechukwu Okigbo, Chief Corporate Services Officer (CCSO), MTN Nigeria, has stated that investment by major Nigerian companies in startups will enable the growth of the ecosystem. Tobechukwu Okigbo…
- 24 Sept 2021
African FinTech Foundry Moves to Grow 40 Startups Businesses
African FinTech Foundry (AFF), Accelerator programme arm of Access Bank, has said its target is to develop and grow as much as 40 portfolios of successful technology startups in the next four years,…
- 4 Aug 2015
ISPON Urges Nigerian Banks to Invest in Tech Startups
The Institute of Software Practitioners of Nigeria (ISPON), an umbrella body for indigenous software companies in the country, has recommended that Nigerian banks should emulate their foreign…
- 14 May 2026
Cross-Border Payments Startup Chimoney Closes Shop After 4 Years
Nigerian-Canadian fintech startup, Chimoney, has announced plans to shut down operations after four years of building a unified API for cross-border payments across 41 currencies. Founder and Chief…
- 11 Oct 2022
Inuwa, DG NITDA says Fintech has Helped Move Many Nigerians Out of Poverty
Kashifu Inuwa CCIE, the Director-General of NITDA, emphasized the fact that Nigeria is doing pretty well in the Fintech industry and Environmental, Social, and Governance (ESG) especially with the…
- 9 Sept 2021
Prospa Raises $3.8m Pre-seed to Accelerate Growth
Nigerian fintech startup Prospa has closed a US$3.8 million pre-seed funding round to help it accelerate customer acquisition, expand its team and further develop its product suite. Founded in 2019…
- 28 Feb 2023
Kenyan Court unfreezes Flutterwave’s Frozen Funds
A Kenyan court on Monday, February 27, 2023, released Sh6.6 billion ($51.9 million) belonging to Nigerian fintech startup, Flutterwave. This came after the Asset Recovery Agency of Kenya withdrew its…
- 8 Sept 2022
NowNow Raises $13m Seed Funding to Promote Financial Inclusion Across Africa
Fast-growing Nigerian fintech startup, NowNow Digital Systems has raised $13 million in its seed round to improve financial inclusion across Africa by providing financial services to the unbanked and…
- 9 May 2021
Paystack Expands to South Africa
Paystack, Nigerian fintech startup, has announced its official launch in South Africa. Abdulrahman Jogbojogbo, product marketer at Paystack, said the payment solution company, which is actively…
- 26 Feb 2023
MasterCard, NowNow Partner on Cybersecurity
MasterCard Trust Centre has announced plans to partner with Nigerian fintech startup, NowNow to tighten cybersecurity for small and medium-sized enterprises (SMEs). According to the organisation, the…
- 5 Jul 2021
TeamApt Announces Successful Series B Funding Round
Nigerian Fintech startup, TeamApt, which provides financial services for the underserved mass market in Africa has announced the completion of its series B funding round. Led by Novastar Ventures…