Nigerian fintech company focused on mobile payments and financial services, aiming to expand its operations in Kenya.
EXCLUSIVE: Ex-Moniepoint executive sues unicorn over stock options worth nearly $1M
Damilola Ajiboye filed a lawsuit against Moniepoint for being denied stock options. Ajiboye claims he was promised stock options worth $889,600 during his five-year tenure.
Moniepoint gets approval to acquire 78% stake in Kenya’s Sumac after KopoKopo setback
Moniepoint has received approval from the Competition Authority of Kenya to acquire a 78% stake in Sumac Microfinance Bank. The acquisition will allow Moniepoint to enter Kenya's regulated banking sector.
Kenya vs. Nigeria: Startup Funding Comparison
In 2024, Kenya raised $638 million, leading Africa with 29% of total funding. Kenya's startup ecosystem focuses on climate tech, agritech, and healthcare, supported by strong investor confidence.
Why many African startups struggle with problem-solving
Innovate Africa Fund launched in 2024 to support entrepreneurs solving Africa's wicked problems. Kristin Wilson discusses the importance of domain expertise and resilience for startup founders.
Proposed US tax raises alarm for African remittance startups
A US bill proposes a 5% tax on remittances sent by non-citizens, affecting African fintech startups. The legislation requires money transfer operators to verify the immigration status of senders.
