Tag: Nigeria

Nigeria-based Cowrywise said to raise $3m in its pre-Series A round

Nigerian FinTech company Cowrywise has reportedly raised $3m in its pre-Series A round, which was led by Quona Capital.

Kuda Bank said to close $10m seed round as it looks...

Kuda Bank, an African challenger bank, has reportedly raised $10m in its seed round.

Mobile banking app Fundall closes its pre-seed on $150,000

Nigeria-based Fundall, a mobile banking platform, has closed its pre-seed funding round on $150,000 to support its launch.

Evolve Credit said to receive an investment from Microtraction

Nigeria-based loan marketplace Evolve Credit has reportedly received an investment from Microtraction, an early-stage investor focused on African startups.

eTranzact lost 100% of its profits in Q2 after it recovered...

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.

TradeDepot secures $10m to expand its financial services

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 FinTech Wallets Africa closes funding round as it looks to...

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.

Retail investing app Trove said to raise funds from three angel...

Micro-investing startup Trove has allegedly secured capital from an investment round backed by three angel networks.

OPay dispels rumours it’s pulling out of its commitments in Nigeria

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.

The FinTech industry is heating up as FIS Ventures is set...

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...

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