Paystack leads acquisition of struggling fintech startup, Brass
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Nigeria’s fintech company and payment giant, Paystack, has led an investment consortium to acquire the struggling startup, Brass, for an undisclosed sum….
Flutterwave suffers another major security breach, loses billions
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Nigerian fintech unicorn, Flutterwave, has suffered yet another devastating security breach, with unknown perpetrators illegally diverting billions of naira into unauthorized accounts…
Bamboo launches Nigerian stocks on its platform
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Leading digital brokerage – Bamboo – has launched Nigerian stocks on its investment platform. The introduction allows Bamboo’s predominantly youthful user base…
Amid forex crackdown, CBN orders four fintech companies to halt account opening
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In a move aimed at curbing illicit foreign exchange dealings and money laundering activities, the Central Bank of Nigeria (CBN) has directed…
Moove Leads African Startups’ $466m Fundraising In Q1 2024—Report
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The rise in many startups having their roots in Africa is a testament that Africa is indeed not lagging in the race…
Nigerian fintech startup - Thepeer - shuts down; returns investor funds
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In a move considered rare for the African tech startup scene, Nigerian fintech company, Thepeer, has announced it is shutting down operations…
Kenyan electric bus maker - BasiGo - raises $3m to push expansion in East Africa
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BasiGo, a pioneering electric mobility startup based in Kenya, has secured $3 million in equity funding from French multinational CFAO Group. The…
MTN Group to invest billions in boosting Data and Fintech services across Africa
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In a move to solidify its position in the rapidly evolving digital landscape, MTN Group, the telecommunications giant, has announced plans to…
Nigerian fintech startup - Zone - raises $8.5M to revolutionize payment infrastructure
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In a significant move that could reshape the payment landscape in Africa, Zone, a Nigerian fintech startup, has secured $8.5 million in…