Nigerian cross-border payments startup Raenest is expanding into India and the Philippines, marking a significant shift in how African fintech companies are positioning themselves within the global digital workforce economy. The move places Raenest in two of the world’s most active freelance markets, connecting remote professionals in South and Southeast Asia directly to clients in
African insurers are emerging as the fastest climbers in the continent’s digital transformation race, even as fintechs maintain their lead, signalling a decisive shift in Africa’s financial services sector from rapid growth to operational efficiency and profitability. According to the African Financial Industry Report released by Deloitte in collaboration with the Africa Financial Summit (AFIS),
Flutterwave, Africa’s largest payments infrastructure startup, is taking another decisive step in reshaping how money moves across the continent. The company has partnered with blockchain infrastructure provider Turnkey and AI-powered global banking platform Nuvion to introduce stablecoin africa balances for merchants and users across its platform. The new capability allows Flutterwave users to hold and
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