fintechpad

FintechPad provides in-depth reporting on Fintech startups in Africa.

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[fintechpad @fintechpad]

Tinubu's early wins may be laying the foundation for a better Nigeria.
We spoke with #fintech founders to find out what the Tinubu presidency means for the ecosystem and what their expectations are for the new administration. 👀

#nigeria #fintechnews

https://t.co/O3SfRov3fi

[fintechpad @fintechpad]

Evidently, the practice of transferring assets in Nigeria has been repressed by the lack of adequate knowledge enabling dearth of transparency especially where an account owner needs to learn that a next of kin has insignificant authority in case of...
https://t.co/hxjJJBQdxI

[fintechpad @fintechpad]

What is not often spoken about is the transfer of these assets despite the avoidable risk – if they are as exposed to estate planning and management, unlike the several savings and investments here and there.

https://t.co/hxjJJBQdxI

[fintechpad @fintechpad]

Cossi Aruko speaks about his startup, Bujeti and its entry into Y Combinator.

'Although not all startups have to go through the process, it has proven important to sustain a startup’s lifespan in the early stages of formation.'

https://t.co/mvS1akucaK

[fintechpad @fintechpad]

Africa’s leading fintech company @theflutterwave has announced the launch of its remittance solutions service in the US and Canada while it added Egypt and Senegal as recipient countries.

https://t.co/AxiKaP768l

[fintechpad @fintechpad]

Remedial Health (YC W22), a Nigerian startup digitising pharmacies has raised $12 million Series A in equity-debt funding. The investment was co-led by fintech-focused VC firm QED Investors and Venture Platform to harness its operations in the country.

https://t.co/M7KsSpfTTF

[fintechpad @fintechpad]

@remedial_health, a Nigerian startup digitising pharmacies has raised $12 million Series A in equity-debt funding. The investment was co-led by fintech-focused VC firm QED Investors and Venture Platform to harness its operations in the country.

https://t.co/M7KsSpfTTF

[fintechpad @fintechpad]

@remedial_health, a Nigerian startup digitising pharmacies has raised $12 million Series A in equity-debt funding. The investment was co-led by fintech-focused VC firm @QEDInvestors and Venture Platform to harness its operations in the country.

https://t.co/M7KsSpfTTF

[fintechpad @fintechpad]

Nigerian merchant financing startup @TractionApps has raised $6m in seed round led by Pan-African investor Ventures Platform and Multiply Partners, with participation from P1 Ventures and other investors.

https://t.co/DIEX4kuNPx

[fintechpad @fintechpad]

#ICYMI: In his two-year tenure, the industry expert was able to channel domestic monetary troubles to the massive adoption of the payment app.

https://t.co/6092kjzJU4

[fintechpad @fintechpad]

Traditional banks still hold several advantages over fintech startups, especially regarding customer trust and regulatory compliance. Nigerian banks have been around for several decades and have established a reputation for reliability and stability.

https://t.co/6fEg31zryK

[fintechpad @fintechpad]

The Central Bank of Nigeria (CBN) has on Tuesday released a circular directed to banks to vacate a post-no-debit restriction placed on the bank accounts of 440 individuals and companies. Of these companies are Bamboo, Chaka, and Risevest.

https://t.co/9CQTodtzi0

[fintechpad @fintechpad]

Google has partnered with African domestic card payment solution, Verve to allow Nigerian verve card holders to make in-app purchases on the android app store.

https://t.co/Gex4zobtwO

[fintechpad @fintechpad]

The Central Bank of Nigeria (CBN) has on Tuesday released a circular directed to banks to vacate a post-no-debit restriction placed on the bank accounts of 440 individuals and companies. Of these companies are Bamboo, Chaka, and Risevest.

https://t.co/9CQTodtzi0

[fintechpad @fintechpad]

With this partnership, Verve will serve customers where other international card schemes including Mastercard and Visa are also operating.

https://t.co/Gex4zobtwO

[fintechpad @fintechpad]

Previously, these fintechs capitalised on banks’ inability to meet the demands of Nigerians seeking to make USD transactions. These startups offer rates that are often even higher than the black market rate and go as far as 800 naira per dollar.

https://t.co/tNBkeb5L88

[fintechpad @fintechpad]

The Google-Verve card arrangement would enable Android users to pay transactions in the country’s local currency, the Nigerian Naira (NGN) and be treated as local transactions by the country’s banking institutions.

https://t.co/Gex4zobtwO

[fintechpad @fintechpad]

Google has partnered with African domestic card payment solution, Verve to allow Nigerian verve card holders to make in-app purchases on the android app store.

https://t.co/Gex4zobtwO

[fintechpad @fintechpad]

One of the major reasons BNPL startups are likely to generate increasing revenues is proportional to the appalling economic situation. The advantage of owning an item instantly enforces a customer’s decision

https://t.co/Lz2oSZD1Sh

[fintechpad @fintechpad]

By the end of 2021, African startups produced five unicorns out of which four are fintechs even far-embracing the Francophone region. Three out of these fintechs have, however, reportedly lost their unicorn status.

https://t.co/Lz2oSZD1Sh

[fintechpad @fintechpad]

The government and private sector organisations have crucial roles to play in establishing and maintaining a robust security infrastructure for Africa’s digital economy.

https://t.co/vggXWv7BwX