Intelligence
Why Nigeria’s Kuda raised a $25m Series A just 4 months after a $10m seed
When Nigerian fintech startup Kuda, which aspires to be Africa’s first fully-fledged digital bank, announced its US$25 million Series A round in March, ...
Intelligence
94% of people in the APAC region consider using an alternative payment method in 2022, Mastercard finds
94% of people in the APAC region say they will consider using at least one emerging alternative payment method in 2022, according to ...
Intelligence
Fidelity Bank targets Tier-1 bank status by 2025 – CEO
The CEO of Fidelity Bank, Mrs Nneka Onyeali-Ikpe announced that her management plans to make the bank one of the Tier 1 banks ...
Intelligence
Polaris Bank records 4% increase in profit, assets hit N1.2trn
Polaris Bank has announced a 4 percent increase in profit before tax (PBT) at N28.9billion for the financial year ended December 31, 2020. ...
Intelligence
Nigerians increasingly using Bitcoin since CBN’s Crypto ban
It’s been roughly three months since the Central bank restricted Nigeria’s financial institutions from dealing with anything crypto-related, yet recent data suggests its ...
Intelligence
Remote hiring startup Deel raises $156M at a $1.25B valuation after 20x growth in 2020
Many of the world’s organizations shifted to remote work due to the COVID-19 pandemic. But even as more people are vaccinated and offices ...
Intelligence
Netflix Earns a Record $1.7bn Profit in Q1 but Africa Contributed Just 0.32% of it
Netflix has posted up to $1.7 billion in net profits for the first quarter ending March 31, 2021. This is according to the ...
Intelligence
Nigeria: Physical banking on the decline as USSD and mobile transactions surge
The combination of Covid-19 and the increased usage of smartphones have changed banking culture in Nigeria, people now prefer online transactions to physical ...
Intelligence
Luno grows by 300% YoY, hits $8.3bn transactions with 7 million customers
Leading global cryptocurrency platform, Luno, recently announced that it has reached the momentous milestone of 7 million customers worldwide, just seven weeks after ...
Intelligence
SEC secures asset freeze on alleged film rights-linked Ponzi scheme
A Hollywood-based film company has had its assets frozen after the Securities Exchange Commission (SEC) claims the firm was harbouring a Ponzi scheme. ...
