Archives Tag: FinTech
Nigerian Startup Aella Credit Gets $10 Million to Scale Operations
April 19, 2022
Nigerian fintech startup Aella Credit has secured $10 million in debt financing from Singaporean company HQ Financial Group (HQF). The startup announced this in a post which appeared on its blog early on Monday. Launched in 2015 by cofounders Akin Jones and Wale Akanbi, the startup exists to drive financial inclusion by granting microloans to … Continue reading Nigerian Startup Aella Credit Gets $10 Million to Scale Operations
Nigerian Tech Companies Raised $747 Million in 2019
April 19, 2022
Nigeria continues to lead Africa in funding for tech ventures. A new report from Partech Africa says that the country’s digital and tech companies received the biggest amount of total investment on the continent in 2019, with about $747 million channeled into them by various venture capitalists. The Partech Africa Report covers funding activity involving … Continue reading Nigerian Tech Companies Raised $747 Million in 2019
App Of The Week: Carbon (Paylater)
April 19, 2022
Carbon, formerly Paylater, is a pioneer financial service that came up with the smart solution of allowing users to obtain instant short term loans without collateral and also invest their money to get huge interest returns. The service was formerly known as Paylater but it rebranded to Carbon in 2019, reflecting its transition from just … Continue reading App Of The Week: Carbon (Paylater)
The Future Of Fintech And Blockchain In Nigeria
April 19, 2022
Nigeria’s fintech revolution is powering full steam ahead. Starting in the early 2000s, companies seeking to apply digital technology to finance came on the scene and made it possible to conduct monetary transactions without handling physical cash or being present with the other transacting party. We are reaping the fruits of those early labours today. … Continue reading The Future Of Fintech And Blockchain In Nigeria
Ventures Platform Partners With ARM To launch FinTech Accelerator Program 2.0
April 19, 2022
It’s the season of good tidings and more investment opportunities for startups are opened up. In preparation for the New Year or continuation of the strategies you have mapped out for your startup, Venture Platform alongside ARM (Asset and Resource Management) just launched the second cohort of Labs. Labs is a fintech focused accelerator program … Continue reading Ventures Platform Partners With ARM To launch FinTech Accelerator Program 2.0
By aanu-olajide
TechCabal Town Hall Meeting: EdTech and the Future of Work
April 19, 2022
Over the past few months and years, TechCabal has been organizing several town hall meeting to bring different stakeholders in different sectors of the tech industry in Nigeria to discuss on the past, the present and the future. In September, the town hall meeting that was held led the discussion on mobility and logistics in … Continue reading TechCabal Town Hall Meeting: EdTech and the Future of Work
By aanu-olajide
OPay Launches OCar to Take On Uber and Bolt in Nigeria
April 19, 2022
OPay, a fintech startup with interests in multiple industries, is launching OCar, a new ride-hailing, and ride-sharing service. This comes after it secured $120 million in funding from a group of Chinese investors. According to the startup, the new offering will be accessible on the OPay mobile app. Cabs operating on the platform will ply … Continue reading OPay Launches OCar to Take On Uber and Bolt in Nigeria
Fintechs in Nigeria: Paga
April 19, 2022
There’s an army of unbanked people existing outside of Nigeria’s financial system. These individuals, numbering in the tens of millions, are saving money and conducting all their transactions with cash. The joys of electronic money transfers and the safety of bank accounts are a world away from them. It’s this vast population that Paga serves. … Continue reading Fintechs in Nigeria: Paga
Did You Know? Nigeria is Home to Over 200 Fintech Companies
April 19, 2022
Nigeria is home to anywhere between 210 and 250 fintech companies, according to the Enhancing Financial Inclusion and Access (EFInA) report on the country’s financial technology sector. This makes the country’s fintech industry one of the largest in Africa. The report says that the sector has grown significantly over the past five years, evidenced by … Continue reading Did You Know? Nigeria is Home to Over 200 Fintech Companies
Fintechs in Nigeria: eTranzact
April 19, 2022
The first generation of fintech companies in Nigeria was birthed out of a need to make digital payments accessible in the wake of the country’s GSM revolution. One of them, eTranzact, jumped on the opportunity early on. Set up in 2003 by Valentine Obi, eTranzact is an electronic payment solutions company. They have provided the … Continue reading Fintechs in Nigeria: eTranzact
Fintechs in Nigeria: Cowrywise
April 19, 2022
Cowrywise is a digital technology tool that helps Nigerians save and invest their money. The platform is accessible via an app, on which users can select and implement a savings plan, or choose their preferred type of investment. It was launched in 2017 by Razaq Ahmed, an economist and investment analyst, and Edward Popoola, an … Continue reading Fintechs in Nigeria: Cowrywise
Fintechs in Nigeria: Flutterwave
April 19, 2022
Flutterwave is a Nigerian fintech startup which helps process local and transnational payments across Africa. The company says it’s making it easier for businesses in Africa to receive payments from clients across the world- something that merchants on the continent have struggled with for a long while. Founded in 2016 by a team of software … Continue reading Fintechs in Nigeria: Flutterwave
Nigerian Fintech Startup Flutterwave is Worth Over $150 Million
April 19, 2022
Silicon Valley based startup incubator, Y Combinator (YC), has listed Nigeria’s Flutterwave as the most valuable African startup to have come through its accelerator program. The incubator had Flutterwave on its list of companies by valuation for the month of October 2019, published on Wednesday. The Nigerian fintech company is one of 102 former members … Continue reading Nigerian Fintech Startup Flutterwave is Worth Over $150 Million
Entries Still Open For Union Bank’s 2019 Edtech Challenge
April 19, 2022
In a bid to promote and encourage the use of technology in a world dominated by the tech ecosystem, Union Bank presents the 2019 EdTech Challenge which is currently open for entries. EdTech Challenge 2019 Students, teachers, developers, fintechs, and players in the tech space are encouraged to utilize this opportunity which is specially designed … Continue reading Entries Still Open For Union Bank’s 2019 Edtech Challenge
By ugo-chinedu
App Of The Week: Paga
April 19, 2022
Despite the advancements that have taken place in the banking and financial sectors around the world, Nigeria still has a large number of unbanked individuals who rely heavily on cash. Thanks to the introduction of some indigenous Fintech solutions in recent years, this problem has been mitigated to some extent. One of these is Paga, … Continue reading App Of The Week: Paga
