Nigerian FinTech Touch And Pay Launches New Booking Solution
Touch and Pay Technologies [TAP], a Nigerian fintech company and leading processor of micro-transactions in Africa, has announced the democratization of interstate travel from Nigeria’s largest city, Lagos, to other parts of the country. It is now possible for passengers to pay for their trips using the Cowry app, even if they are travelling through…
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Nigerian money app Kuda launches in the UK
Nigerian money app Kuda, announced it is launching in the UK as part of a global expansion drive with a view to serving the cross-border transfer needs of UK-based Nigerians. The company will charge a flat fee of £3 per transfer to a limit of £10,000. Kuda compares this to the average fee of 8%... Read Article →
Payhippo acquires Nigeria’s Maritime Microfinance Bank
Payhippo, Nigeria’s credit-led SME fintech, has acquired Maritime Microfinance Bank (MFB), a financial institution specializing in saving products, demand deposits, and investments as well as micro and SME loans. The acquisition is pending approval from the Central Bank of Nigeria and both parties are working together to obtain the regulator’s approval. This will also enable…
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Moove raises £15 million financing to scale UK operations
Moove, a mobility fintech startup providing auto financing for gig economy drivers has raised £15 million in financing to scale up its UK operations. Moove launched in London in August with a 100% EV rent-to-buy model that provides mobility entrepreneurs access to brand-new, zero-emissions vehicles for a flat weekly fee. The new financing facility from…
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Verified.Africa is live in Ghana, South Africa and Kenya!
Two years ago, we launched Verified.Africa in Nigeria to help businesses easily verify the identity of customers, partners, and employees. The result? Over one thousand businesses were empowered to grow their customer base faster, prevent fraud and operate with better turnover. Now, with over 300 thousand verifications recorded and incredible feedback from our supportive customers,…
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Bitmama raises additional $1.65 million in pre-seed funding
Blockchain payments startup, Bitmama Inc., has raised an additional $1.65 million in pre-seed funding. This brings its total funding for this round to $2 million, having raised $350,000 10 months ago. The latest round is led by Unicorn Growth Capital and Launch Africa Ventures, with participation from Adaverse and follow-on from Flori Ventures, which led... Read Article →
NowNow Digital Systems, has closed a $13 million seed round
NowNow, a Nigerian digital system startup, has closed a $13 million seed round to scale and expand its service offerings across Africa. The funding round was led by NeoVision Ventures Ltd., DLF Family Office, and Shadi Abdulhadi. With the new funding, the startup said it will improve financial inclusivity across Africa and drive empowerment, as well…
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Metaverse Magna raises $3.2M at a $30M valuation to build Africa’s largest gaming DAO
Metaverse Magna (MVM), a Nestcoin gaming DAO based in Nigeria that distributes mobile games in emerging African markets and builds developer tools for Web3 gaming, has completed a seed sale token round of $3.2 million at a $30M fully diluted value. Investors included South Korean video game developer Wemade, Japan-based blockchain-focused venture capital firm Gumi Cryptos…
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Flutterwave Secures Switching and Processing License
The Central Bank of Nigeria has granted Flutterwave, an African payments technology company a Switching and Processing License (CBN)—widely regarded as CBN’s most valuable payments processing license. This license allows Flutterwave to offer customers transaction switching and card processing services. Others include non-bank acquiring, agency banking, and payment gateway services. The Switching and Processing license allows…
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Nigeria: Pastel has raised $5.5M in its SEED round
Nigeria’s Pastel, formerly Sabi Cash, has raised $5.5M in a SEED round led by TLcom Capital with participation from Global Founders Capital (GFC), Golden Palm Investments, DFS Labs, Ulu Ventures, Plug and Play, and SOMA Capital. Founded by Abuzar Royesh, Olamide Oladeji, and Izunna Okonkwo, Pastel is on a mission to build digital tools to…
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