Fintech

Presidency Commends Moniepoint, Restates Commitment to Financial Inclusion The Federal Government has hailed the contributions and remarkable achievements of Africa's fastest-growing financial institution, Moniepoint Inc in the financial technology sector, its commitment to advancing financial inclusion, and its ongoing collaborations with law enforcement agencies to combat financial fraud.  This was stated...

Moniepoint Secures $110m Equity Finance to Boost Digital Payments Moniepoint Inc., a financial institution, has secured $110 million in equity financing to expand its digital payments and banking solutions across the continent. The Group Chief Executive Officer of Moniepoint, Mr Tosin Eniolorunda, said this in a statement on Tuesday in...

Ecobank, the leading pan-African financial services group, announced Daba Finance, the Ivorian Fintech, as the Grand Winner of its flagship Ecobank Fintech Challenge 2024.

Flutterwave has received a Payment Systems Operator (PSO) license from the Bank of Uganda. This marks a key milestone in Flutterwave's expansion across Africa

Moniepoint Calls for Collaboration to Boost Financial Inclusion Fintech company, Moniepoint, has emphasised the need for a collaborative approach between the government and private sector to build trust and drive financial inclusion in Nigeria. A statement by the company on Wednesday, said Tosin Eniolorunda, Group Chief Executive Officer, Moniepoint Inc, made...

Kuda, SeerBit Partner to Enhance Seamless Online Transaction Kuda, a Fintech company, has partnered SeerBit, a payment gateway, to boost seamless online transaction for its customers. Mr Musty Mustapha, Managing Director of Kuda MicroFinance Bank, said this in a statement on Wednesday in Lagos. According to him, the quick and safe...

PalmPay Named Among Top 250 Fintech Companies in the World PalmPay has been included in the 2024 edition of CNBC and Statista's prestigious list of the "Top 250 Fintech Companies in the World." This recognition underscores PalmPay's rapid growth and significant contributions to advancing financial inclusion. The CNBC/Statista list honours fintech...

Meta to Appeal $220m Fine by FCCPC – WhatsApp WhatsApp says its parent body, Meta, will be appealing the $220 million fine imposed by the Federal Competition and Consumer Protection Commission (FCCPC) regarding its violation of Nigeria’s data privacy laws. The organisation, Whatsapp, said this in a statement made available on...

Nigeria Fines WhatsApp, Facebook $220m over Data Abuse Nigeria's antitrust agency, Federal Competition and Consumer Protection Commission (FCCPC) imposed a $220 million fine on Meta, formerly known as Facebook and WhatsApp over alleged consumer rights’ infringements. In a statement, acting Executive Vice Chairman/Chief Executive, FCCPC, Dr. Adamu Abdullahi, accused the social...

By the end of 2025, nearly half the population of Africa will have engaged in buying goods and services online, compared to just 13% in 2017, according to latest report from title ‘Payment and E-commerce in Africa’ released by Nikulipe.