Nigeria

Flutterwave Clinches Unicorn Status With US$170 Million Funding

African payments company Flutterwave announced that it has secured US$170 million during its Series C round, attaining unicorn status with a valuation of more than USD $1 billion. The round was led by growth-equity firms Avenir Growth Capital and Tiger

Read More

Fintech Attracts Lion’s Share of 2020 African Tech Funding

Fintech funding in Africa jumped 49.3% in 2020 to US$160 million. The amount was raised by 99 fintech startups, making fintech the dominant tech sector of 2020, a new report by regional startup news and research portal Disrupt Africa found.

Read More

Booming Nigerian Fintech Sector Could See Revenues Reach US$543M by 2022

Fintech revenues in Nigeria are projected to reach an estimated US$543 million by 2022, driven by increasing smartphone penetration and a large population of unbanked eager to adopt digital financial services, according to a new report by the Economist Intelligence

Read More

Bill and Melinda Gates Foundation Donates US$1.5 M to Strengthen Cybersecurity in Africa and Asia

CREST, the not-for-profit accreditation and certification body for the technical security industry, has received a grant of $1.4 million from the Bill & Melinda Gates Foundation to help increase cyber security capacity in Nigeria, Uganda, Tanzania, Kenya, Ethiopia, Pakistan, Bangladesh

Read More

United Bank For Africa To Launch Chat Banking On Whatsapp In Nigeria

n a first for Nigeria, customers of United Bank for Africa can now conduct their favorite banking activities in a secure and convenient manner, by communicating with their bank in a verified WhatsApp chat. This capability is made possible through

Read More