17+ hour, 17+ min ago   (96+ words) WeeTracker For Onoriode, the math of modern ride-hailing in Lagos no longer adds up. Safaricom, Kenya’s long-dominant telecom giant, has been considered untouchable for years, holding an Consider Chidi, a Lagos-based backend engineer who landed a remote job with a…...

1+ week, 1+ day ago   (325+ words) For the two million people who rely on LemFi to move money between the Ridwan Olalere, co-founder and CEO of LemFi, said: “ “The money that crosses borders still moves on rails built decades ago— slow, expensive, and quietly taxing the…...

1+ week, 4+ day ago   (570+ words) A Kenyan borrower took a KES 177.72 K (USD 1.375 K) loan from African Capital Limited, a licensed digital lender. When additional charges were applied, the balance climbed to KES 500 K (USD 3.869 K). The Competition Authority of Kenya had to intervene to get the…...

3+ week, 7+ hour ago   (175+ words) Flutterwave, a Nigeria-founded payments technology company established in 2016 by Olugbenga “GB” Agboola, Iyinoluwa Aboyeji, and Adeleke Adekoya, has received a strategic investment from Circle Ventures, the venture arm of Circle Internet Group. Financial terms were not disclosed. Headquartered in San…...

1+ mon, 1+ week ago   (201+ words) Nigerian fintech giant Flutterwave has secured a strategic investment from blockchain infrastructure company Ripple as part of its ongoing Series E funding round, which values the company at USD 3.2 B. Founded in 2016 by Olugbenga “GB” Agboola and Iyinoluwa Aboyeji, Flutterwave provides…...

1+ mon, 2+ week ago   (374+ words) In the PSV 2028 document, the CBN acknowledged that barriers to the eNaira’s success included “limited stakeholder engagement and buy-in” during its design and implementation. The bank conceded that adoption had been slow, with the CBDC offering little that existing bank…...

1+ mon, 3+ week ago   (498+ words) Most financial infrastructure was built in markets where payments already work. Bitnob was built in markets where they don’t. Bitnob has operated at the intersection of some of the world’s most complex financial environments: markets where businesses navigate currency volatility,…...

1+ mon, 3+ week ago   (519+ words) Mobile money users in Kenya could see transaction costs rise by up to 18.4% under proposed tax changes, industry players have warned lawmakers, potentially reversing years of hard-won gains in financial inclusion. The warnings come from two of Kenya’s most prominent…...

2+ mon, 6+ day ago   (291+ words) Most growing businesses encounter an IT inflection point — a moment when the technology approach that served them well at an earlier stage is no longer adequate for where they are headed. This inflection point often arrives without warning, triggered by…...

2+ mon, 2+ week ago   (437+ words) Chimoney, a fintech startup that built a unified API for cross-border payments across 41 currencies, is shutting down, Founder/CEO, Uchi Uchibeke, announced today. The Nigerian-Canadian startup, which served hundreds of businesses across North America, Africa, and Latin America, raised under…...