This fintech is driving billions in consumer loans across Africa and staying under the radar
Kuunda has powered more than $3 billion in loans since 2018, operating behind the scenes in the digital lending space. The company specializes in providing liquidity infrastructure to partners through its liquidity API and credit scoring algorithms.
20 fintech companies in Nigeria you should know
Paystack, acquired by Stripe in 2020 for $200 million, simplifies online payments for African businesses. Flutterwave, valued at over $3 billion, facilitates cross-border payments across Africa and beyond.
AI startup Caantin in talks for $4 million seed round as it nears $1 million monthly revenue
Caantin is raising $4 million to scale its AI infrastructure and expand outside Africa. The startup is projecting $10 million in annual recurring revenue by the end of 2025.
Nigerian startup, Allawee, wants to restore fintechs’ confidence in cards
Nigerian fintechs have been moving away from foreign card schemes due to economic pressures and increased bank transfer usage. Allawee is building infrastructure to help fintechs issue cards, including partnerships with companies like Piggyvest, Nomba, and Carbon.
Access Holdings’ Oxygen X disburses ₦152 million in loans, posts ₦805 million profit in first year
Oxygen X disbursed ₦152 million in consumer loans in 2024. The company achieved a pre-tax profit of ₦805 million in less than a year.
