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FinTech
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Announcements and deep-dive analysis about the financial technology (fintech) space in Africa.
Only 6% of Nigerians feel financially secure – PiggyVest 2025 report
Start with a number the Nigerian government would rather not display in public. Six per cent. That is…
74% of Gen Z Nigerians rely on one income, most earn under ₦100k – PiggyVest report
In 2023, PiggyVest launched its first national savings report. The sample then covered a meaningful but limited cross-section…
Moniepoint acquires Orda Africa to enter Nigeria’s $19bn restaurant market
Moniepoint has acquired Orda Africa, a cloud-based restaurant management platform operating in Nigeria, the company confirmed on Monday.…
Nomba’s new API lets fintechs pay out to 5 countries without the FX headache
For anyone who has tried to run a cross-border payments business from Nigeria, the frustration is familiar. You…
1 phone, 1 bank app: Inside CBN’s device binding rule and what it means for Nigerian users
On July 1, 2026, every Nigerian who uses a fintech app will be locked to one device. The…
Philip Sokoya built Payscribe to solve the problem other fintech founders shouldn’t bother about
Philip Sokoya was a senior software engineer who kept asking himself a simple question. How does airtime purchase…
MTN MoMo crosses $500bn transaction mark as lending triples, but Nigeria still lags
MTN Group’s mobile money platform processed $500.3 billion in transaction value in 2025, a 37.6% jump in constant…
How Nawo is keeping money spraying alive, after a CBN ban changed everything
Somewhere in Lagos, Nigeria, a man is handing over ₦35,000 to collect ₦20,000 in mint notes. He is…
Fincra secures Canadian PSP licence to bolster Africa–Canada payment links
Fincra, a cross-border payments infrastructure provider, has secured a Payment Service Provider (PSP) licence in Canada, a move…
The digital heist: Crypto scams, biometric fraud, and recovery solutions
In Part 1, we explored how mobile money fraud costs Africa $4 billion annually through SIM swaps, identity…
