Interswitch is a Nigerian digital payments company and one of the first unicorns in Africa, facilitating electronic payments.
How Nigerian fintechs can prepare for a unified regulator
Nigeria's House of Representatives is reviewing a bill to establish a unified regulatory body for fintechs. The proposed Nigerian Fintech Regulatory Commission would license fintechs and dictate engagement terms.
Are African innovators doomed to sell airtime?
LemFi announced the launch of multicurrency accounts for users in Nigeria. The startup aims to support freelancers and digital entrepreneurs needing to receive international payments.
Fintechs lead Africa’s 2025 valuation table, even as the market resets
African tech startups previously enjoyed Silicon Valley-like valuations during the post-COVID fundraising boom. Local investors now outnumber foreign investors, leading to lower valuation expectations.
100 million cards later, Verve looks towards contactless payment and tokenisation
Verve has issued 100 million cards across Africa, marking a significant milestone for the company. The company is focusing on next-generation payment technologies, particularly contactless payments.
Why Nigerian Startups Are Avoiding Local IPOs
Nigerian startups have not listed on the NGX's technology board since its launch in 2022. The naira has lost approximately 65% of its value since President Bola Tinubu loosened FX controls in 2023.
