An award-winning peer-to-peer lending, savings, and investment platform in Nigeria, focused on bridging the gap in access to finance.
Nigeria’s fintechs built payments. Now they’re becoming banks.
Paystack acquired Ladder Microfinance Bank in January, marking its entry into the banking sector. Flutterwave secured a national MFB license in April through its acquisition of open banking startup Mono.
Nigerian fintech Sycamore wants $29 million in deposits after MFB acquisition
Sycamore acquired a microfinance bank license through the purchase of a Kano-based microfinance bank. The company plans to mobilize deposits as a priority to support its lending ambitions.
Cascador opens 2026 ScaleUp Program for Nigeria’s growth-stage founders
Cascador has opened applications for its 2026 ScaleUp Program targeting growth-stage businesses. The program will select 12 founders and provide them with skills and networks for sustainable scaling.
After unbundling, Nigerian fintechs are building full-stack financial services
Nigerian fintechs initially specialized in single core offerings like payments, cards, and lending to disrupt traditional banks. Leading fintechs such as Moniepoint, Sycamore, FairMoney, and Paystack are now expanding their product suites to include savings, credit, and business banking tools.
After two tough years, Nigerian startups could get macro relief
Nigeria's economy is expected to grow by 4.4% in 2026, according to the IMF. The country experienced a painful adjustment phase following the removal of the fuel subsidy and a new foreign exchange regime in 2023.
