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The problems don't seem to be over for Nigerian electronic payments provider eTranzact after it reported it incurred a loss of $306,623 in the second quarter, wiping away the recovery it had enjoyed after a 2018 fraud scandal.
Nigerian TradeDepot has reportedly netted $10m in a new funding round co-led by Partech, the International Finance Corp., Women Entrepreneurs Finance Initiative and MSA Capital.
Nigerian-based FinTech Wallets Africa, which gives consumers an app to manage their money, has closed a new investment round as it looks to grow its presence in Africa.
Micro-investing startup Trove has allegedly secured capital from an investment round backed by three angel networks.
After picking up a massive $120m Series B round in November 2019, OPay has faced rumours that it may not launch across Nigeria as heavily as before because of COVID-19.
Financial technology leader FIS has not just created a new corporate venture arm, but also given it $150m to inject into promising FinTech startups. FIS...
Nigerian FinTech Carbon has signed a partnership with insurer AXA Mansard to launch a range of healthcare benefits for its regular customers.
Nigerian FinTech One Kiosk has teamed up with US-based mobile financial service provider HUMBL to give its native merchants’ online ordering and delivery services a power boost.
Customers of OPay, the Nigerian-based PayTech company, were left unable to tap into their account through the company’s app over the weekend.