FinTech

Developing Digital Wallet Solutions for Fintech Startups

  Fintech startups are increasingly turning to digital wallet solutions as a way to provide their customers with a convenient and secure way to manage their money. Digital wallets are electronic payment systems that allow users to store, send, and

FairMoney Acquires PayForce to Expand Financial Services

  In Africa, there are an estimated 100 million MSMEs, with 42 million located in Nigeria alone. By 2025, consumer payments in Africa are projected to reach $2.1 trillion, but currently, only 5% of these transactions are digitized. This has

Flutterwave Partners With Africa FinTech Summit

Flutterwave has been named as the Lead FinTech Sponsor for the 2023 Africa FinTech Summit, which will take place on April 12, 2023, in Washington, D.C. Additionally, the summit will be held in an African city that will be

Creating Collaborative Ecosystems for Fintech Startups

  Fintech startups have been revolutionizing the financial industry in recent years. They have been leveraging technology to create innovative products and services that meet the needs of customers in a more efficient and convenient way than traditional financial institutions.

A Summary of the CBN’s New Operational Guidelines for Open Banking

  On Tuesday, March 7, the Central Bank of Nigeria released operational guidelines for Open Banking in Nigeria. The new rules were written up to enable banks and third-party firms to share customer data with each other, subject to customers’

Flutterwave Dispels Hacking Rumour

  Multiple media outlets reported on Sunday that Flutterwave, a Nigerian fintech company, was allegedly robbed of more than ₦2.9 billion ($6.3 million) by hackers. The first report of the incident stated that ₦2,949,557,867, had been illegally transferred from Flutterwave’s

6 Nigerian Apps for Cross-Border Payments

  There’s no shortage of inexpensive digital platforms supporting local transactions. But when it comes to cross-border payments, Nigerians have to part with significant fees just to send and receive money. Most of the better-known options for international transfers charge

Blockfinex Set to Benefit from Fluidcoins’ Acquisition

  After failing to secure additional funding, the Nigerian crypto payment gateway Fluidcoins has sold all its shares to Blockfinex, a Nigerian-led company based in the UAE, in an undisclosed ‘acqui-hiring’ deal. The founding team of Fluidcoins will continue to

How FinTech Can Help to Improve Your Personal Finances

  FinTech has dominated business news headlines for a number of reasons. It’s changing our relationship with money; it makes banking more convenient than it has ever been; the revenues that startups in the space generate are huge; and investors

Flutterwave Expands into North Africa

  In March 2021, Flutterwave announced its $170 million Series C funding and revealed plans to expand its payment network to Egypt, Morocco, and Tunisia by the first quarter of 2021. It’s uncertain if these plans have already been implemented,

Solving Nigeria’s Mortgage Crisis: The Role of FinTech

According to experts, there are growing opportunities in unlocking the potential of Nigeria’s mortgage sector valued at over N6.4 trillion but lack of awareness, accessibility, security, lack of infrastructure and government policy are dampening demand. The mortgage sector in

Gifty Introduces Platform for Building Digital Stores

Nigerian company Gifty has introduced a platform that enables merchants to establish a digital store where they can showcase their products and receive orders through direct messaging. The platform was founded in January 2022 by Victor Akpan (CEO), David

Flutterwave Cleared of Fraud Accusations

Flutterwave, a Nigerian fintech company, has been acquitted of money laundering charges that were made against it by the Kenyan Asset Recovery Agency (ARA) seven months ago. The charges resulted in a freeze of around $56.7 million in the

Lenda Raises $520,000 In Pre-seed Funding

  Lenda, a Nigerian fintech company providing financing to micro, small and informal retailers, has received $520,000 in pre-seed funding to accelerate its growth. The Lagos-based startup, founded in 2021, enables small businesses to quickly obtain affordable credit with no

Developing A FinTech Platform For Immigrants In Nigeria

  Developing a fintech platform for immigrants in Nigeria can be a promising venture, given the country’s large and growing immigrant population. This platform can cater to the unique financial needs of immigrants, such as currency exchange and remittances. To

FinTech And Diaspora Investment in the Nigerian Market

Fintech companies can play a significant role in helping Nigerians in the diaspora to invest in the Nigerian market by providing innovative and convenient investment solutions. Here are ten ways in which fintech can help: Read more about FinTech

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