Flutterwave Invests $3 Million in PiggyVest’s Parent Company, PiggyTech

In a recent development, Flutterwave, Africa’s leading startup, has invested $3 million in PiggyTech, the parent company of PiggyVest, a Nigerian fintech known for making saving trendy since mid-2023. The investment deal is structured as a SAFE (Simple Agreement for Future Equity), reflecting Flutterwave’s commitment to receiving equity in a future funding round. PiggyVest did […]

Read More

FG asks Google to remove Maxi Credit and other loan apps from its PlayStore

The Federal Government of Nigeria, through the Federal Competition and Consumer Protection Commission (FCCPC), has requested that Google remove four loan apps from the Play Store that are being used for unethical practices. Maxi Credit, Here4U, ChaCha, and SoftPay are among the apps that will be removed. According to the Commission’s findings, the listed apps […]

Read More

Kenya’s Central Bank says Flutterwave and Chipper Cash not licensed to operate in Kenya

The Central Bank of Kenya (CBK) has said that African Fintech unicorns Flutterwave and Chipper Cash, are not licensed to operate remittances or payment services in the country. This news was disclosed Thursday by the CBK Governor Patrick Njoroge, at a press conference following a meeting of the East African nation’s apex bank’s Monetary Policy […]

Read More
Business Startups Technology

Alternatives to Flutterwave’s Barter Virtual Card?

Two weeks ago, Flutterwave halted its virtual card service. Interestingly, Flutterwave wasn’t the only fintech company that did this: Busha, GetEquity, Payday, and Eversend also sent emails to their customers about the discontinued service. They attributed this action to a policy update from their card partner, Union54. Union54, the first fintech company from Africa and […]

Read More

Nigeria’s 5 unicorns have raised over $2.56 billion since launch

In the last couple of years, Africa has seen a massive rise in the number of startups on the continent, especially tech startups. In the wake of the pandemic, as most brick and mortar stores shuttered their doors, and customers turned online, these startups thrived, delivering services, ranging from Banking to insurance, shopping, healthcare, food […]

Read More