September 19, 2026

cross border payments

Tech Moni Africa cross border payments
Nomba
Fintech

Nomba Secures $3m to Chase $1bn Monthly Payments

  • by
  • September 13, 2026
  • 3 minutes read

Nigerian fintech Nomba has secured a US$3 million debt facility as it looks to more than double its monthly cross border payment volumes from US$480 million to US$1 billion, with expansion into more African markets starting with the Democratic Republic of Congo (DRC). The facility, obtained through CardinalStone Finance Company Limited, will provide Nomba with

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AfriConvert
Fintech

AfriConvert Takes Aim at Hidden Costs in Cross Border FX

  • by
  • September 13, 2026
  • 4 minutes read

A $25,000 tuition payment to New York University became the experience that pushed Louis Otaesiri to rethink how people make foreign exchange decisions. After using a peer to peer currency exchange between Nigerians in the US and Nigeria, Otaesiri discovered that paying through a commercial bank at the official Central Bank of Nigeria rate would

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