PalmPay named Africa’s fastest-growing fintech
PalmPay has been named Africa’s fastest-growing fintech by The Financial Times. The company posted a revenue of $63.9 million in 2023 and has over 1,000 employees.
Everything I heard at the AVCA Conference
The AVCA Conference returned to Lagos for the first time in a decade, focusing on unlocking follow-on capital and navigating economic challenges. Tope Awotona, founder of Calendly, shared insights on how price, distribution, and data contributed to his company's success.
Paystack fined ₦250m as CBN tightens fintech oversight in Nigeria
The CBN imposed a ₦250 million fine on Paystack for operating its Zap product without the appropriate license. Zap, a peer-to-peer money transfer app, requires a microfinance or banking license to function as a wallet.
BREAKING: Moniepoint launches remittance product
Moniepoint launched its remittance product, MonieWorld, for users in the UK to send money to Nigeria. The app was promoted offline by influencers prior to its public release.
How Moniepoint is going after remittances with Monieworld
Moniepoint launched Monieworld, enabling UK residents to send money to Nigeria via various payment methods. A live demo showed a transaction taking just 17 seconds, with competitive conversion rates compared to other platforms.
