As competition for Nigeria’s next wave of financial inclusion intensifies, OPay is making a strategic push beyond major commercial hubs. The fintech giant has officially launched a new office in Jos, signalling a deliberate move to deepen its footprint in underserved regions and strengthen its nationwide agent and merchant network. Why Jos and Why Now
On March 25, hundreds of employees were abruptly laid off during a company wide call, a move the company insists is not about financial pressure but about preparing for its next phase of growth. Beneath that explanation, however, lies a deeper shift that reflects how fintech players are quietly restructuring for sustainability, efficiency, and scale.
Moniepoint Inc. has finally secured its long awaited entry into East Africa, completing the acquisition of a 78 percent stake in Sumac Microfinance Bank and unlocking access to Kenya’s tightly regulated banking market. The deal, finalised in Nairobi, gives the Nigerian fintech a deposit taking licence, a critical piece of infrastructure that positions it to
Africa processes over $100 billion in remittances every year — yet moving money from Lagos to Nairobi still costs more, takes longer, and hides more fees than sending it to London. Divest’s new Money Xchange product, built inside its V3 app update, is the most direct answer yet to a problem that has embarrassed the
With a fresh CBN licence and direct access to Nigeria’s core banking switch, NALA is no longer just another remittance app — it’s becoming infrastructure. Here’s why that changes everything for the Nigerian diaspora. For years, sending money home to Nigeria meant paying the price of a broken system — fees stacked on fees, transactions
At a moment when fewer than 6% of fintech CEOs globally are women and funding to female-led African startups remains below 10%, CapitalSage Technology’s new internal mentorship programme is either a bold statement of intent — or proof that the pipeline problem starts much earlier than anyone admits. When CapitalSage Technology gathered its employees and
For roughly 18 million South Africans who depend on social grants to survive, April 1, 2026 brings rare good news: the South African Social Security Agency (SASSA) is raising nearly all its permanent grants for the first time in the new financial year. But this increase comes wrapped in a warning — SASSA’s upgraded digital verification systems
FairMoney Microfinance Bank is making a decisive push to evolve beyond its fintech roots, appointing two seasoned banking executives to strengthen its leadership as it scales into a full-service digital bank. The company has named Gbenga Shobo as Chairman of the Board and Debo Aderoju as Executive Director and Chief Risk Officer—moves that signal a
Africa’s fintech sector spent years building systems to stop fake identities from opening accounts. But a new threat is emerging, one where the criminals don’t need fake people at all. Instead, they are using real faces, real identities, and real accounts. In a single month in 2025, one fraud syndicate used 100 stolen facial identities
As cross-border trade within Africa accelerates, the real competition is no longer just about issuing cards — it’s about owning the rails that move money across the continent. With over 100 million cards issued, Verve is now shifting from domestic scale to continental infrastructure. Under its Destination Campaign, the African card scheme is positioning itself