DLM Capital set to join Nigeria’s Fintech space as it obtains MFB license

April 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

April 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: The making of Africa’s third unicorn

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 […]

Access, convenience biggest contributors to fintech adoption in Nigeria

October 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

October 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

September 30, 2020

Flutterwave

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

July 20, 2020

Airtel Africa, WorldRemit join forces to raise financial inclusion in Africa

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

June 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 […]