Breaking fintech news, market analysis, and industry insights
PayPal has officially returned to Nigeria after years of absence. The global payments company partnered with Paga, a Nigerian fintech firm. This development marks a significant milestone for Nigeria’s digital economy. Nigerian users previously could not receive international payments through PayPal. The new partnership changes this limitation entirely. Paga CEO Tayo Oviosu announced the partnership […]
The global fintech company officially submitted its application. Revolut targets a full banking license under the Banks Act. This action signals its strategic entry into the African market. Revolut filed a Section 12 application on November 14, 2025. They sent the filing to the South African Reserve Bank (SARB) Prudential Authority. This move represents a […]
The Lagos-based firm announced the news this week. This is a major strategic shift. Rank acquired AjoMoney. It also acquired Zazzau Microfinance Bank (MFB). This move expands its services beyond lending. The company will now focus on community-based digital banking. It aims to digitize traditional African savings models. These models include Ajo, Tontines, and ROSCAs. Rank’s […]
Flutterwave and Polygon Labs are joining forces. They will simplify cross-border payments. African payment leader Flutterwave announced a new partnership. The company chose Polygon Labs for the deal. Polygon PoS is now Flutterwave’s default blockchain. It will power a new cross-border payment product. This multi-year deal is a major update. It represents the largest stablecoin deployment in […]
The new product, named “Mukuru Fast Loan,” is now available to Mukuru’s extensive customer base in South Africa. The partnership combines Mukuru’s large distribution network and trusted brand with JUMO’s advanced artificial intelligence (AI) technology for credit scoring. The launch directly addresses a critical gap in the South African market: the lack of accessible credit […]
Moniepoint, a leading business payments and personal banking platform in Nigeria, has introduced an artificial intelligence chatbot called ‘M’ to help people understand the informal economy in clear, conversational language. The launch took place in Abuja during the presentation of the second edition of Nigeria’s Informal Economy Report, with federal officials praising the move and […]
In October 2025, the FCCPC announced that the number of officially registered digital lenders, commonly known as loan apps, had reached 492. This increase follows the implementation of the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations, 2025, which came into effect on July 21, 2025. Under these regulations, all digital lenders operating in Nigeria […]
The report, titled The State of Crypto Adoption in Nigeria 2025, surveyed over 1,850 individuals across Nigeria, revealing that the majority of the country’s crypto investors are not high-net-worth individuals but are instead young people from lower- to middle-income households. This demographic shift highlights a growing trend where crypto is seen less as an investment for […]
Moniepoint Inc., one of Africa’s leading fintech companies, has raised $200 million in a Series C funding round, marking a major milestone in its growth trajectory. This funding will help accelerate the company’s expansion across Africa, with particular focus on deepening financial inclusion and reaching the global diaspora. This round builds on Moniepoint’s earlier success, […]
PAYDAY Takaful, a promising fintech startup from Tunisia, has closed a $3 million pre-seed funding round. The investment will enable the company to strengthen its digital platform, which provides salary-backed financing and micro-Takaful insurance solutions for employees in North Africa. The funding round was led by UGFS North Africa and saw participation from notable investors, […]