FairMoney Microfinance Bank (MFB) has reinforced its position in Nigeria’s fast-growing fintech ecosystem after disbursing over ₦150 billion in loans and paying more than ₦7 billion in interest to savings customers within the past year, highlighting the increasing role of digital banks and the rise of Digital Banking in reshaping money in Africa. The milestone
Qore Technologies Group, a leading provider of Fintech Infrastructure and Banking-as-a-Service solutions, has announced the appointment of Michael Hoodfar as its new Chief Operating Officer (COO). The move marks a significant step in Qore’s expansion strategy as it seeks to scale across Africa and globally. Michael Hoodfar brings nearly two decades of experience in financial
In a move to redefine cross-border financial access across the continent, Bamboo has launched Misan by Bamboo — a fintech product designed to combine remittance and virtual USD card capabilities for users across 15 African countries. Misan is built to solve some of Africa’s most persistent financial barriers: high remittance costs, limited global access, and
Leading Nigerian fintech company OPay has extended its ₦1.2 billion 10-year scholarship initiative to the University of Calabar (UNICAL), awarding ₦6 million in funding to 20 exceptional students. The development cements OPay’s growing influence in educational empowerment and its long-term strategy to support Nigeria’s youth. The scholarship presentation, which took place at UNICAL’s campus in
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