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Moniepoint (formerly TeamApt) is a Nigerian fintech company based in Lagos that provides banking services and loans via an online banking app. The company was founded by Tosin Eniolorunda and Felix Ike in 2015. In November 2024, Bayo Olujobi was appointed its Chief Financial Officer (CFO) to aid the bank's vision to improve financial inclusion ...
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 ...
"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 ...
South African mobile phone operator MTN is launching services allowing users to send cash abroad and businesses to accept payments via an app as it pushes further into the country's rapidly ...
In 2019, Stitch was founded in Cape Town, South Africa as Stitch Money. [5]In February 2021, Stitch raised $4 million in seed funding. The firm was initially focused on enabling businesses to access user financial accounts to view financial data.
Flutterwave was founded in 2016 by Iyinoluwa Aboyeji, Olugbenga Agboola, and Adeleke Adekoya and is headquartered in San Francisco, California with current operations in the U.S., Canada, Nigeria, Kenya, Uganda, Ghana, South Africa, and 29 other African countries. [2] [3] [4] In 2021, Flutterwave raised a US$170 million Series C funding round. [5]
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.
[6] [7] The move coincided with the Afreximbank agreeing to designate the Caribbean region as a diaspora-related sixth region of Africa and opened an office in the Caribbean island of Barbados. PAPSS is slated to be rolled out among Caribbean countries which have already signed the agreement with Afreximbank, and is slated to come on stream in ...