Flutterwave: The making of Africa’s third unicorn
Wale Ameen
March 15, 2021
Wale Ameen On Wednesday, 10th of March a land mark announcement came out from Nigeria and arguably West Africa’s tech epi-centre, Lagos, also the country’s financial hub. And it was the cheering news that one of Nigeria’s need promising Fintech startups, Flutterwave, had just closed its Series C round of funding which saw the seven-year-old […]
Flutterwave secures $170m in Series C Round, to invest in accelerating customer acquisition
Charles AbuedeMarch 10, 2021
Total investments in Flutterwave now $225 million Charles Abuede Following the successful Series B funding round in January 2020 where it raised $35 million, Flutterwave, a leading digital payments technology company in Africa, has announced that it has secured a $170 million fund from a leading consortium of international investors. This funding round was led […]
Access, convenience biggest contributors to fintech adoption in Nigeria
Saviour AdugbaOctober 13, 2020
Saviour Adugba Access and convenience are the two most important drivers of fintech adoption in Nigeria, a report by McKinsey & Company, the business advisory and consulting firm has stated. There is also a growing trust in fintech because of the participation of mobile network operators, the growth of agent networks, transparency in pricing, customer […]
Payments, lending major drivers of Nigeria’s fintech market — McKinsey
Saviour AdugbaOctober 6, 2020
Saviour Adugba Quickteller, Paga, Opay, others competing well with banks’ apps, USSD A new Mckinsey report focusing on Nigeria’s fintech ecosystem has identified payment activities and lending as major drivers of Nigeria’s fintech advancement The study noted that growths have been experienced in the payments segment due in part to the Central Bank of Nigeria’s […]
Significant shift from cash to digital payments a gradual process, say Flutterwave executives
Saviour AdugbaSeptember 30, 2020
In a lot of ways, the COVID-19 pandemic has thrust forward the importance of online and digital payments and brought to more public familiarity technology payment facilitating companies. Flutterwave, one of the leaders in the payment technology space in Africa, helps provide banks and businesses with seamless and secure payment experiences for their customers “We’ve […]
Airtel Africa, WorldRemit join forces to raise financial inclusion in Africa
Omobayo AzeezJuly 20, 2020
By Omobayo Azeez Airtel Africa is scaling up its operations with WorldRemit, the global digital money transfer service that operates in over 50 send countries to over 150 receiving countries, to deploy instant money transfer solutions across Africa to deepen financial inclusion in the region. Building on the successful connection to Airtel Money services in […]
FirstBank’s *894# USSD: evading lockdown to render banking services
Omobayo AzeezJune 4, 2020
By Omobayo Azeez Against the backdrop of the COVID-19 pandemic, millions of bank customers in Nigeria and in abroad have been forced to remain at home due to restrictions and lockdowns orders adopted as a potent measure against further spread of the virus. This measure, which did not exclude commercial institutions, particularly banks, threw up […]
CreritRegistry launches API to improve confidence in lending
Omobayo AzeezMay 31, 2020
By Omobayo Azeez Nigeria’s largest credit bureau, CreditRegistry, has launched an application programming interface (API) service to validate the financial credibility of cheque issuers to improve confidence in lending. The product launch is in line with the Central Bank of Nigeria’s directive that all financial institutions perform a status check on potential customers to ensure […]
PwC: Global funding for Fintech nosedives to $6bn
Omobayo AzeezMay 12, 2020
By Omobayo Azeez Global funding for FinTech companies has declined to $6 billion the end first quarter (Q1) of 2020, a report by PricewaterhouseCoopers Nigeria (PwC) has disclosed. The report attributed the development to Coronavirus pandemic which forced investors to divest from different asset classes to strengthen their cash positions. The report published by PricewaterhouseCoopers Nigeria […]
COVID-19 lockdown: A litmus test for digital economy drive
Omobayo AzeezApril 21, 2020
The impacts exerted on the business environment and the socio-economic sphere by Coronavirus pandemic have been felt globally. In the midst of this life-threatening situation, however, the digital economy drive of countries such as Nigeria is being put to test. OMOBAYO AZEEZ reports. Coronavirus pandemic, now globally infamously known as COVID-19, has brought the global economy on […]