Nigeria

Nigerian Regulators Have Restricted Well-Funded Moto Taxi Cos
Nigerian Regulators Have Restricted Well-Funded Moto Taxi Cos
February 12, 2020  |  Ridesharing

Three startups that have invested millions in ride-hailing motorcycle taxis in the African country of Nigeria are left with wheels spinning after regulatory changes restricted...

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Nigeria’s Paga Buys Software Firm Apposit For Global Expansion
Nigeria’s Paga Buys Software Firm Apposit For Global Expansion
January 22, 2020  |  International

Nigerian digital payments startup Paga is expanding its operations with the acquisition of Apposit, a software development startup based in Ethiopia, as reported on Wednesday...

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Trulioo Global ID Service Now Available In Nigeria, Ghana
Trulioo Global ID Service Now Available In Nigeria, Ghana
December 09, 2019  |  Digital Banking

Global ID verification provider Trulioo has announced it will now be able to verify customers in Nigeria and Ghana, according to a release by the...

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Nigeria Turns To FinTechs To Boost Financial Inclusion
Nigeria Turns To FinTechs To Boost Financial Inclusion
December 01, 2019  |  Digital Banking

In an effort to expand access to financial institutions (FIs), the Central Bank of Nigeria is planning to license more payment providers, Bloomberg reported on...

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Africa’s PalmPay Debuts In Nigeria On Heels Of $40M Funding
Africa’s PalmPay Debuts In Nigeria On Heels Of $40M Funding
November 14, 2019  |  Investments

After a $40 million Seed funding round, payment startup PalmPay has officially launched in Nigeria. The funding round was led by Chinese company Transsion’s subsidiary,...

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Visa To Invest $200M In Nigerian FinTech Interswitch
Visa To Invest $200M In Nigerian FinTech Interswitch
November 12, 2019  |  Investments

Africa’s veteran FinTech firm Interswitch became the sector’s first unicorn following a $200 million investment by Visa that gave it a 20 percent equity stake...

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Uber Testing Boat Service In Nigeria’s Capital
Uber Testing Boat Service In Nigeria’s Capital
October 15, 2019  |  Ridesharing

Uber has launched a two-week boat service pilot in the Nigerian capital of Lagos. The city is already well-known for its highly congested roads, and...

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How To Better Served The Unbanked In Nigeria
How To Better Served The Unbanked In Nigeria
September 25, 2019  |  Digital Banking

Among the biggest ongoing challenges and opportunities in payments – and a trend that will hold well into the 2020s, which are just about to...

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Nigerian FinTech Kuda Raises $1.6M For Digital Banking Tech
Nigerian FinTech Kuda Raises $1.6M For Digital Banking Tech
September 11, 2019  |  Investments

Kuda, Nigeria’s first digital-only bank with a standalone license, has raised $1.6 million in pre-seed funding led by Haresh Aswani, as reported on Wednesday (Sept....

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