A prominent Nigerian bank that has set spending limits for international transactions on Naira debit cards.
He quit GTBank, his startup failed: This founder reinvented himself to an exit and venture scale in the diaspora
Seyi Fabode worked at GTBank as a Risk Analyst, where he observed the entrepreneurial spirit of loan applicants. He transitioned to tech during a financial crisis at a power plant, which inspired him to develop software for trading excess energy.
Your Naira card can now pay for ChatGPT, Netflix, YouTube
Nigerian banks, including Access Bank and GTBank, are now allowing international transactions on Naira debit cards after a three-year block. Customers can now pay for services like ChatGPT, Netflix, and YouTube without needing virtual dollar cards.
Next Wave: Banks built the trust. Now they’re building the tech
Kenya's Absa Bank reported that over 90% of customer transactions were happening outside physical branches in 2024. GTBank in Nigeria grew its active digital user base by 38% year-on-year due to a revamped mobile app and chatbot assistant.
Exclusive: Techstars-backed BlackCopper set out to disrupt lending, now it owes investors ₦1 billion
Only 6.2% of Nigeria's adult population had access to loans in 2019. BlackCopper could not recover over 60,000 loans disbursed to customers.
