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FinTech
610 posts
Announcements and deep-dive analysis about the financial technology (fintech) space in Africa.
“Attackers exploit trust, not code”, Olawale Oladoja on fintech security
Nigerian fintech is moving fast. I mean, onboarding is frictionless, and transactions are instant. But underneath the speed,…
Locked out: How the $20 spending cap on naira cards severely restricted a generation of global Nigerians
Nigeria has 120 million active payment cards. For 3 years, most of them could not buy a streaming subscription, pay a tuition fee, or settle a hotel bill outside the country. The story of how that happened, and why it is not quite over.
OnePurze aims to become Nigeria’s ultimate digital wallet
There is a particular kind of anger that comes from watching someone you love get robbed, and nobody…
Chimoney user still awaits promised $355.28 refund 38 days after shutdown
When Chimoney founder Uchi Uchibeke announced in May 2026 that the cross-border payments startup was shutting down, he…
Agenda 2063: Why Africa’s free trade ambitions may depend on blockchain
Today, May 25th, marks the 63rd Africa Day celebration, commemorating the historic 1963 founding of the Organisation of…
Chimoney founder said the product worked, 49 reviews say something different
When Uchi Uchibeke announced on May 12 that he was shutting down Chimoney, the cross-border payments startup he…
How Flutterwave and Moniepoint ended Nigeria’s card monopoly in 14 days in 2019
Nigeria processed 729.2 million bank transfer transactions in 2018, worth ₦80.4 trillion. By 2024, that figure had reached…
Saving in dollars, trapped in naira: Why domiciliary accounts no longer work for millions of Nigerians
When the naira fell below ₦1,000 to the dollar in late 2023, Nigerians who had spent years opening…
Investigation: How 3 loan apps forced a user to borrow thrice and pay more interest
Paul had been searching for a loan. He needed a specific amount, and on the afternoon of May…
4 things First Bank’s 2025 results reveal about Nigeria’s competitive fintech landscape
A ₦826 billion impairment charge, a 12x jump in electronic purse deposits, ₦155 billion in digital fees, and…
