30 results
- 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…
- 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…
- 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…
- 17 Apr 2024
Hydrogen, CCHub Partner to Encourage Fintech Startup Success
As the country faces economic challenges, the need for adaptive strategies in the fintech industry becomes paramount. In line with this, leading Fintech startup, Hydrogen Payment Services Limited…
- 8 Feb 2022
Visa Everywhere Initiative 2022 Invites Fintech, Payment Startups to Showcase on a Global Stage
The Visa Everywhere Initiative (VEI), a global open innovation program is inviting fintech and payment startups to showcase their innovative products and solutions, with finalists gaining firsthand…
- 24 Apr 2024
Hydrogen Hosts Catalyst Workshop, Highlights Resilient Business Models for Fintech Startups
As part of its mission to empower African businesses with tools needed to thrive, garner admiration, and foster global acclaim, leading payment solution company, Hydrogen Payment Services Company…
- 23 Feb 2021
Access Bank Commences Accelerator Program, to Empower Startups Through Africa Fintech Foundry
The Africa FinTech Foundry (AFF), an initiative of Access Bank Plc has commenced its accelerator programs. The initiative is set to empower emerging startups, with mentorship programs, advisory and…
- 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,…
- 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…
- 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…
- 25 Feb 2026
Flutterwave Rises from Lagos Startup to Africa’s Fintech Powerhouse
Flutterwave has transformed from a modest Lagos venture into one of Africa's most valuable fintech firms, processing billions in transactions yearly across 30+ countries and 150+ currencies.…
- 8 Aug 2018
11 Startups Emerge Finalists at the Ecobank Fintech Challenge 2018
Ecobank, the leading independent pan-African banking group, has announced the finalists for the 2nd edition of the annual Ecobank Fintech Challenge, a competition for Africa-focused technology…
- 6 May 2022
NowNow Joins Mastercard Start Path Global Program to Scale Financial Innovation
Africa’s fast-growing fintech and digital banking startup, NowNow Digital Systems, has been selected to participate in the Mastercard Start Path Global program, created to help later-stage startups…
- 11 Jan 2024
Is Ethiopia Africa’s sleeping fintech giant?
By Yohannes Tsehai - Country Manager Onafriq Ethiopia The fintech sector has been one of Africa’s biggest technology success stories. According to one report, the continent’s 678 fintech startups…
- 2 Jan 2023
BuuPass Delivering Unique Services in the Race to Digitize Mobility in Africa
In H1 of 2022, the logistics and mobility accounted for 11.4% of the total funds raised by African startups, making it the second-highest after FinTech startups. If this is anything to go by,…
- 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…
- 30 Aug 2018
Stakeholders Canvass for Concerted Effort in ICT Local Content Development
Stakeholders in the information and communications technology (ICT) sector have urged the federal government to do everything in its powers to support local content in ICT. They stated this at…
- 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…
- 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…
- 25 Feb 2022
FinTechNGR Targets Accelerated Startup Growth with ‘Marketplace’
Playing its part in addressing challenges posed by startups and investors in Nigeria’s FinTech ecosystem, the FinTech Association of Nigeria (FintechNGR) has launched The Start-Up Marketplace – an…
- 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…
- 27 Nov 2023
Remita to Establish Academy for Entrepreneurs, Startups
Remita Payment Services Limited (RPSL), a financial technology (fintech) pioneer, has revealed its strategic vision to establish a startups academy. The tip was made by ‘Deremi Atanda, Managing…
- 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…
- 23 Jul 2026
ChatPay Unveils Public Waitlist for WhatsApp-Based Banking Platform
ChatPay has launched Africa's conversational banking platform, enabling individuals and businesses to access financial services through WhatsApp. The Lagos-based fintech startup, is in controlled…
- 16 May 2022
NowNow Introduces Nigeria’s First Fully Integrated NFC Wallet
African fintech startup, NowNow Digital Systems Limited, has launched a first of its kind fully integrated near field communication (NFC) enabled wallet which allows complete contactless payments to…
- 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…
- 2 Jul 2020
OPay Shuts Down ORide, Others in Nigeria
OPay, African Fintech startup, has announced it is suspending some of its Nigerian operations including ORide, OCar, and OExpress, excluding its payment operation, Opay. In a statement on Thursday,…
- 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…