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In the first quarter of 2023, cashless transactions across fintech entities in Nigeria grew by 44.84 per cent amounting to a total of N126.73 trillion naira up from N87.73 trillion naira in the corresponding period of 2022. [9] [4] But the growth of fintech has also led to increased cyber-attacks against fintech entities. In December 2023 ...
Kuda, also known as Kuda Technologies Limited, is a Microfinance Bank and fintech company operating in Nigeria and the UK. It was founded by Babs Ogundeyi and Musty Mustapha in 2019. [1] [2] [3] The company initially begun as Kudimoney, or "the bank of the free", an online-only savings and lending platform.
In 2022, Moniepoint was named One of the Most Promising Fintech Startups by CB Insights [13] and also won the Financial Inclusion Award. [14] In 2023, Moniepoint got listed by the Financial Times as the Second-Fastest Growing Company in Africa. [15] Also, it was awarded the Rising Star Family Business award organized by Business Day and PwC ...
Today, Bankly, a Nigerian fintech startup digitizing cash for the unbanked, announced that it has closed a $2 million seed round. Nigeria remains a largely cash-dominated country. There are more ...
Today, Nigeria's Okra, arguably the first to gain mainstream attention, is announcing that it has closed a seed round of $3.5 million. U.S.-based Susa Ventures led this latest tranche of investment.
Kora is a pan-African payment infrastructure company headquartered in Lagos, Nigeria, with offices in Canada and the United Kingdom. [1] The fintech company enables local and global businesses to accept pay-ins, make payouts, and get settled across popular payment channels across Africa.
Accenture PLC (NYSE: ACN) invested in Nigeria’s fintech company, Okra, via Accenture Ventures. The financial terms of the transaction were not disclosed. Okra is an open finance platform that ...
"Fintech", a clipped compound of "financial technology", refers to the application of innovative technologies to products and services in the financial industry.This broad term encompasses a wide array of technological advancements in financial services, including mobile banking, online lending platforms, digital payment systems, robo-advisors, and blockchain-based applications such as ...