Hizo, a Nigerian-founded fintech startup, has secured $100,000 in seed funding through a Friends and Family round officially closed on June 4, 2025. The round, led by a prominent local angel investor, marks an important step in the company’s mission to simplify intra-Africa money movement, enabling users to send, receive, and spend their local currencies
Story Highlights: In a major step toward seamless regional commerce, African fintech giant Onafriq and the Pan-African Payment and Settlement System (PAPSS) have launched a new cross-border payments pilot in Ghana, marking a significant milestone in efforts to deepen intra-African trade and financial inclusion. The service, which went live following approval from the Bank of
Story Highlights: In a bold step to deepen financial inclusion and boost consumer lending, the Nigerian government has announced a unified national credit system that will link citizens’ borrowing history to their National Identification Numbers (NIN). The announcement was made by Uzoma Nwagba, Managing Director of the Nigerian Consumer Credit Corporation (CREDICORP), during a press
In a bold move to revolutionize the way Nigerian businesses operate, Paga Group has officially launched Doroki — a cloud-based platform designed to solve the real, everyday challenges faced by small and medium-sized enterprises (SMEs). Unveiled at a media launch event on June 19, 2025, at Radisson Blu, Victoria Island, Doroki is more than just
As Nigeria’s digital economy continues its rapid expansion, payments giant Network International is turning its focus beyond urban centres, working to plug long-standing gaps in financial inclusion across rural communities. In a recent report by The PUNCH, the Dubai-headquartered firm, which operates in over 50 countries, described Nigeria as a “strategic hub” for its African
Go to any major city in Nigeria, from the bustling streets of Lagos to the vibrant markets of Kano, and you’ll witness a subtle yet profound transformation happening in the way people manage their money. The era of solely relying on brick-and-mortar banks, with their often long queues and limited reach, is steadily giving way
The foreign exchange (Forex) market has long been the heartbeat of global finance. But today, it’s undergoing a digital transformation. With real-time trading apps, AI-powered analytics, and increased market accessibility, Forex is no longer reserved for institutional giants — everyday traders are stepping in. As volatility increases and geopolitical events shake currency values, traders need
A digital supply chain finance firm, Grow, has unveiled its digital platform aimed at supporting Nigerian Small and Medium-sized Enterprises with improved access to funding and liquidity management. According to a statement, the company introduced the Grow App during its maiden Grow Industry Connect event held in Lagos. The event, themed ‘Scaling Businesses: Access to
The company strives to realise its vision of delivering modern payment solutions that meet the varied needs of merchants and non-profits