Moniepoint lands $110m capital boost to scale digital payment, banking solutions
Post AMUGE
October 29, 2024
Onome Amuge L-R: Tosin Eniolorunda, founder and Group CEO of Moniepoint Inc. and Felix Ike, co-founder, Moniepoint Inc. Moniepoint Inc, recognised as Africa’s fastest-growing financial institution, has successfully secured a $110 million in equity financing, with the aim of empowering millions of businesses and their customers across Africa and the diaspora to achieve their dreams […]
PalmPay marks 5 years of transformative fintech solutions in Nigeria
Post AMUGEOctober 4, 2024
Business a.m. L-R: Chibuzor Melah, head of partnership, PalmPay; Ebehijie Juliet Momoh, managing director/CEO, AfriGOPay Financial Services Limited; Chika Nwosu, managing director, PalmPay; Vincent Ogbunude, MD, Payment Tokens (Verve); Femi Hanson, head, marketing and communications, PalmPay at the recent 5th Anniversary celebration of the fintech in Ikeja, Lagos. PalmPay, an innovative and Africa-focused payment platform,has […]
PalmPay expands financial inclusion with new USSD service for users
Post AMUGESeptember 23, 2024
Business a.m. PalmPay, a leading financial platform with over 30 million users on its smartphone app in Nigeria, has launched its USSD code, marking another milestone for the financial platform, as it seeks to expand its reach and provide convenient access to its mobile banking services to even more Nigerians. The innovative service offers Nigerians […]
Palmpay,Flutterwave, Kuda, Piggyvest make CNBC’s top 250 Fintech List in 2024
Post AMUGEJuly 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 […]