Nigeria’s FMCG market is worth an estimated $25 billion, yet a significant financing gap continues to limit growth across its retail ecosystem. Despite retailers serving as the backbone of the country’s consumer goods distribution chain, only 18% have ever accessed formal credit, exposing a major opportunity for fintech driven financial infrastructure. This challenge is becoming
Remittances are becoming a major battleground in global fintech, and a growing number of Nigerians in the United Kingdom are now turning to SendOva for better exchange rates and zero transfer fees when sending money home. SendOva, the trading name of Balazoo Express, is licensed by the Financial Conduct Authority. The app is built around
For years, Africa’s digital payments conversation has largely revolved around fintech startups, mobile money, and cross-border payment platforms. Yet behind millions of everyday transactions, one payments infrastructure player has been steadily expanding its footprint across the continent and beyond. With more than 100 million cards now issued, Verve is strengthening its position as one of
LAGOS, Nigeria — Despite Nigerians spending more than half of their income on food, only 1% of that spending currently happens online. That startling gap has become one of the biggest growth opportunities in Nigeria’s digital economy, according to executives at Glovo, who say the next phase of commerce growth will be driven by bringing
Nigeria’s fuel stations may be on the verge of becoming one of the country’s most unexpected fintech growth opportunities. As digital payments continue to reshape how Nigerians transact, a new transformation is emerging beyond banking apps and ecommerce platforms, one that could redefine how fuel stations operate and generate value. At the NNPC Retail Business
Flutterwave promotes 25 percent of its workforce as the African fintech giant doubles down on talent retention, signaling a new phase of competition for skilled workers across the continent’s financial technology sector. The Nigerian payments company Flutterwave, which recently acquired a microfinance banking licence in April, has promoted over 100 employees globally and rolled out
Remittance apps are quietly replacing traditional banks for Africans abroad, and the shift is being driven by one thing: frustration. For millions of Africans living in Europe and the UK, sending money home is no longer just about transfers. It is about speed, trust, transparency, and survival. Families across Nigeria, Kenya, and Ghana depend on
Nine years after launching from a single-room apartment, Jeroid has crossed a major milestone, processing more than $1 billion in transaction volume while serving over 500,000 users across Nigeria and beyond. The achievement comes as the crypto and digital finance company marks its ninth anniversary, highlighting how a platform that started as a crypto and
Branch, one of Africa’s largest app based lenders, has laid off employees across parts of its business in a move that is reigniting conversations around the changing realities of Africa’s fintech hiring boom, despite the company reporting profitability across its key markets. The San Francisco headquartered startup confirmed the workforce reduction, describing it as a
Mastercard and BMONI are betting that Nigerians want more control over how they spend, save and transact globally and they are doing it through instant virtual and physical payment cards. In a move that signals the next phase of digital payments in Nigeria, Mastercard has partnered with BMONI, an AI powered financial platform, to launch