Fintech
OmniRetail Acquires Traction Apps to Supercharge Payment and Trade Solutions for Nigerian SMEs
Business Fintech

OmniRetail Acquires Traction Apps to Supercharge Payment and Trade Solutions for Nigerian SMEs

OmniRetail, a fast-growing Nigerian B2B e-commerce startup, has taken a bold step to strengthen its foothold in the financial services sector by acquiring Traction Apps, a prominent provider of payment solutions and inventory management tailored for small businesses. This acquisition, recognized as a pivotal move in Nigeria’s burgeoning SME sector, aims to empower small and […]

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Yellow Card Secures $33 Million in Series C Funding to Boost Expansion and Innovation
Fintech Funding

Yellow Card Secures $33 Million in Series C Funding to Boost Expansion and Innovation

African fintech startup, Yellow Card, has successfully raised $33 million in a Series C funding round, led by Blockchain Capital. Other notable investors participating in this round include Polychain Capital, Third Prime Ventures, Castle Island Ventures, Block, Inc., Galaxy Ventures, Blockchain Coinvestors, Hutt Capital, and Winklevoss Capital.  This funding brings Yellow Card’s total investment to […]

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Lagos Tech Ecosystem Surges Past $9 Billion, Sets New Benchmark for Africa’s Innovation Growth
Tech

Lagos Tech Ecosystem Surges Past $9 Billion, Sets New Benchmark for Africa’s Innovation Growth

Lagos State’s booming tech startup scene has crossed the $9 billion valuation mark, further cementing its status as a premier hub for innovation in Africa. This revelation was made by the Lagos State Commissioner for Innovation, Science, and Technology, Tunbosun Alake, during a high-profile breakfast meeting with global investors at the ongoing GITEX Global tech […]

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Kora Unveils ₦200 Million Endowment Fund to Propel Educational Opportunities at Covenant University
Finance Sectors

Kora Unveils ₦200 Million Endowment Fund to Propel Educational Opportunities at Covenant University

Kora, a pioneering force in the financial technology landscape, has launched an ambitious ₦200 million student endowment fund at Covenant University, aimed at empowering deserving students through financial aid. This initiative aligns with Kora’s overarching mission to drive educational accessibility and talent development in Africa, setting the stage for long-term socioeconomic impact across the continent. […]

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Huawei to Launch Data Centre in Nigeria to Boost Compliance with Data Protection Regulations
ICT Sectors

Huawei to Launch Data Centre in Nigeria to Boost Compliance with Data Protection Regulations

Huawei Technologies, a global leader in information and communication technology (ICT) infrastructure, is preparing to establish a data centre in Nigeria, marking a significant move to comply with the country’s data storage regulations. The new facility, referred to as a “cloud site,” is expected to go live on October 31, 2024, and will provide data […]

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TOP 5 FINTECH INVESTORS FUELING INNOVATION ACROSS AFRICA 
Fintech Investors

TOP 5 FINTECH INVESTORS FUELING INNOVATION ACROSS AFRICA 

Africa’s fintech ecosystem has seen a surge in investment over the last few years, driven by a combination of technological advancements, a young population, and rising demand for financial inclusion. As a result, several key investors have stepped forward to fuel this growth, helping fintech startups scale rapidly and expand their reach across the continent.  […]

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Kenyan Tech CEO Loses Appeal Against Flutterwave in $900,000 Lawsuit, Awarded $2,500 for Emotional Distress
Fintech News

Kenyan Tech CEO Loses Appeal Against Flutterwave in $900,000 Lawsuit, Awarded $2,500 for Emotional Distress

In a legal battle that has captured the attention of Africa’s tech and fintech industries, Clara Wanjiku Odero, a prominent Kenyan tech founder and CEO of Softbank-backed Credrails, lost her appeal against Flutterwave, one of Africa’s largest Fintech Giants. The case, centered on claims of emotional distress and reputational damage, culminated in a much smaller […]

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Vertiv Leads Innovation at Connected Africa Summit as Rohan Patil Receives Recognition for Shaping Africa’s Digital Future
Innovation Technology

Vertiv Leads Innovation at Connected Africa Summit as Rohan Patil Receives Recognition for Shaping Africa’s Digital Future

Rohan Patil, the regional manager for East Africa at Vertiv (NYSE: VRT), a global provider of critical digital infrastructure solutions, was personally recognized at the Connected Africa Summit held in Nairobi, Kenya. Patil’s involvement in a high-level panel discussion and his contributions towards shaping Africa’s digital transformation earned him special acknowledgement during the event. The […]

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Kora and Pyvio Partner to Streamline B2B Payments in Africa
Business News Fintech

Kora and Pyvio Partner to Streamline B2B Payments in Africa

In a move set to revolutionise B2B payments across the African continent, Kora, a leading pan-African payment infrastructure, has announced a strategic partnership with Hong Kong-based fintech company Pyvio. The collaboration aims to simplify cross-border payment processes for Chinese e-commerce and media companies operating in Africa, allowing them to navigate the often complex regulatory frameworks […]

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Finance Fintech

Kopo Kopo Unveils New Leadership Team to Accelerate Innovation and Growth

Kopo Kopo, a leading player in the mobile money and fintech space, has announced a new leadership team as it prepares for its next phase of growth. The strategic appointments reflect the company’s commitment to innovation and its mission to deliver cutting-edge financial solutions to businesses in Kenya and beyond. Dennis Ondeng, who has been […]

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