The Bitcoin price rally demonstrates that cryptocurrency investors are pricing in more favourable market conditions in 2023 as inflation looks set to peak, affirms the CEO and founder of one of the world’s largest independent financial advisory, asset management and fintech organisations. Nigel Green of deVere Group, a high-profile crypto entrepreneur, is commenting after Bitcoin […]
Read MoreThe NFIU said the decision is in accord with Nigeria’s full transition into a cashless economy. The Nigerian Financial Intelligence Unit (NFIU) has banned cash withdrawal for all federal and states accounts, effective March 1, 2023. NFIU Director General, Modibo Tukur, who disclosed this to journalists at a conference in Abuja on Thursday, said the […]
Read MoreVisa has partnered with Access Bank Plc to introduce a Business Debit Card targeted at SMEs in Nigeria. This will create efficiency and transparency in SMEs’ expense management by preventing mismanagement, associated with handling cash, Visa said. Designed to improve SMEs, the business card comes with a higher spending limit which is in line with […]
Read MoreNigerian fintech startup Mono has raised a $500,000 pre-seed funding round to help it build its team and expand to new markets. Founded in August, Mono helps digital businesses in Africa access their customers’ financial and identity data Its plug-and-play technology allows customers like Flutterwave, Carbon and Indicina to access a broad range of high-quality […]
Read MoreNigerian fintech startup Blueloop has taken on $77,000 in pre-seed funding this year as it builds Flux, a mobile app for crypto-based cross-border payments. Founded by Ben Eluan, Osezele Orukpe and Israel Akintunde, Blueloop is the company behind Flux, a mobile payments app for cross-border payments using cryptocurrencies. Using Flux, individuals and businesses can send […]
Read MoreConsumer credit startup CredPal, has raised a $1.5million funding round as it launches its range of credit cards. Launched in 2017 by Fehintolu Olaogun and Olorunfemi Jegede, CredPal develops consumer credit infrastructure to ease consumer credit purchase and enable retail businesses to provide on-demand credit for consumers. The startup, a graduate from the Silicon Valley-based […]
Read MoreAccelerex Holdings, has signed an investment agreement with regional private equity firm, Africa Capital Alliance (“ACA”), for the Capital Alliance Private Equity IV (CAPE IV) fund to invest $20 million in Accelerex. With this investment, CAPE IV will become a strategic partner in Accelerex and will hold three seats on the company’s board. Accelerex, which […]
Read Morefintech startup Kuda, which is building a pan-African digital challenger bank, has closed a $10 million seed funding round in order to accelerate its growth and keep up with customer demand. Launched in 2016 as lending platform Kudimoney, Kuda rebranded in June of last year and received a banking licence from the Central Bank of […]
Read MoreThe value of unsecured loans issued via AI underwriting platforms will reach $315 billion in 2025, up from just $24 billion in 2020. This extraordinary growth of over 1200% over the next five years will be driven by lenders seeking to leverage AI to rebuild and streamline their lending operations, following the dramatic impact of […]
Read MoreNigerian fintech startup ImaliPay has launched its platform, which leverages artificial intelligence (AI) and big data to offer tailored financial products that promote the inclusion of gig economy platforms and workers across Africa. Co-founded early this year by Tatenda Furusa and Sanmi Akinmusire, ImaliPay offers both new and existing gig workers or freelancers the ability […]
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