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FinTech
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Announcements and deep-dive analysis about the financial technology (fintech) space in Africa.
Paystack, Ventures Platform, Piggyvest acquire Nigerian fintech startup Brass
The consortium led by Paystack is expected to name a new leadership team for the startup soon...
Social agriculture: 7.5 million Kenyan farmers sell their produce through social media
According to the social agriculture report, more farmers use social media than dedicated digital agriculture platforms in Kenya
CBN orders BDCs to re-apply for new licences, bans street trading of foreign currencies and gold
The CBN also bars BDCs or their franchisees from engaging in activities like street-trading of foreign currencies
Alleged tax evasion: Binance executive Gambaryan fails to show up in court
This comes weeks after another Binance executive, Nadeem Anjarwalla, escaped custody and fled Nigeria
Nigerian startups attracted 30% of $15 billion raised by African startups in 5 years
Startup funding has continued to decline in recent times as the continent continues to witness a funding winter.
Bolt Nigeria now offers fuel and repair loans to drivers on its app in partnership with Advancly
Bolt hopes that drivers who earn consistently on its platform will have seamless access to Advancly’s credit solutions via an integration
FairMoney Ranked Among Fastest Growing Companies in Africa by Financial Times
FairMoney’s category-leading growth between 2019 and 2022 underscores its dedication to expanding services that drive financial inclusion and economic empowerment
Bamboo finally introduces Nigerian stocks on its platform 14 months after obtaining SEC approval
Bamboo will now be offering local stocks including stocks from Nigerian blue-chip corporations like Guaranty Trust Holding Company PLC, MTN, and Dangote Cement
Egyptian fintech MNZL raises $3.5m seed funding to scale its ‘secure’ lending service
MNZL allows users leverage their property and other assets easily and securely to obtain loans
FG denies asking Binance for $150 million bribe to drop all criminal charges
Binance CEO announced that the Nigerian authorities were demanding a hefty $150 million bribe in crypto from its detained executives
