Palmpay,Flutterwave, Kuda, Piggyvest make CNBC’s top 250 Fintech List in 2024
Post AMUGE
July 22, 2024
Joy Agwunobi Nigeria’s flourishing financial technology sector is making waves on the international scene, with four of its financial solutions companies including PalmPay, Piggyvest, Kuda Bank, and Flutterwave, recognised among CNBC and Statista’s Top 250 Fintech Companies in the World for 2024. The CNBC/Statista list honours fintech companies that are revolutionising the financial services sector […]
Embedded payment transaction value to reach $2.5trn by 2028
Post AMUGEJune 24, 2024
Grow by 134% on 2024 value of $1.1trn Revenue to reach $228.6bn by 2028 PHILLIP ISAKPA IN LONDON, UK The worldwide value of embedded payment transactions is set to grow by 134 percent and reach $2.5 trillion by 2028, new research by Juniper has shown. Payment for goods and services is increasingly being done […]
CBN cracks down on fraud with new rules for transaction monitoring
Post AMUGEFebruary 20, 2024
Business a.m The Central Bank of Nigeria (CBN) has taken new measures to combat the growing threat of fraud in the country’s financial sector, requiring banks to implement automated transaction monitoring systems. The apex bank, in a recent document titled “Revised Consumer Protection Regulations”, on its website, stipulates that banks must also test the suitability […]
Nomba raises $30 million Pre-Series B to facilitate bespoke payment solutions for African businesses
Cynthia EzekweMay 2, 2023
By Cynthia Ezekwe Nomba, a licensed payment service provider for African businesses, has raised a $30 million pre-series B funding round to support the delivery of bespoke payment solutions for African businesses. The fintech company,in a statement, said the oversubscribed equity funding round was led by the partners of Base10, a San Francisco-based venture capital […]
Venco secures $670,000 pre-seed funding to offer digital solutions African properties
Chisom NwatuDecember 6, 2022
By Chisom Nwatu Venco, a Nigerian proptech startup that provides solutions to enhance living experiences in residential and commercial communities in Africa, has secured $670,000 in pre-seed funding round to offer digital solutions for residential and commercial properties in Africa. The pre-seed funding round was led by Zrosk Investment Management,and had in participation other strategic […]
Liberta Leasing launches Nirra App to boost consumer finance market
Onome AmugeApril 12, 2021
Onome Amuge Liberta Leasing, a Nigerian consumer finance company has introduced an all-in-one loan, lease and lifestyle app with a core focus on providing value with loans, leasing and lifestyle bills payment. The app called ‘Nirra’ was unveiled at a launch event held at Ibis Hotels, Ikeja-Lagos on Sunday, April 11. Speaking at the launch, […]
CBN suspends Paystack, others from offering BVN validation services
Wale AmeenApril 9, 2021
Wale Ameen Online Editor In what appears to be a sweeping policy clampdown and shift, the Central Bank of Nigeria has moved to suspend some major Fintechs and third-party partners offering BVN validation services. The apex bank has reportedly suspended Fintechs like Paystack and others from offering BVN validation service. This was revealed by […]
DLM Capital set to join Nigeria’s Fintech space as it obtains MFB license
Charles AbuedeApril 8, 2021
Investment banking group acquires Links Microfinance Bank Set to launch its Sofri digital lending brand in Q2 Charles Abuede DLM Capital Group, a developmental investment bank (DIB) that provides innovative solutions to economic and social developmental challenges, has announced the receipt of a license for the acquisition of Links Microfinance Bank in […]
Leading East African fintech lender Tugende raises USD 9.9ml in Series A round
Wale AmeenApril 7, 2021
Series A extension round of 3.6 million brings total funding to 9.9 million Initial round backed by Toyota Group Investment secured by leading fintech and financial inclusion investment banking franchise of Verdant Capital. Wale Ameen Online Editor Leading East African fintech MSME lender Tugende has secured a total of USD 9.9 million in series A […]
Flutterwave announces partnership with PayPal to enable merchants make and receive payments
Charles AbuedeMarch 16, 2021
Company considering plans for a New York Listing Charles Abuede Just days after successfully completing a Series C round of funding from international investors, in what was praised as the giant stride to becoming Africa’s newest unicorn, Payment giant, Flutterwave, has announced its partnership with US PayPal to facilitate online payments among Customers in Africa […]