A leading payments processing company in Nigeria that recently launched a product called 'Zap'.
Zap Africa cuts 44% of workforce in AI-driven restructuring
Zap Africa cut 44% of its workforce in February 2026 as part of a restructuring effort. The layoffs affected roles across design, operations, marketing, and support teams.
Are African tech startups shifting from blitzscaling to strategic acquisitions?
Blitzscaling defined African tech in the 2010s, but capital scarcity has forced a reset. Acquisition activity is rising while late-stage mega-rounds are thinning out.
Grey Launches ‘Grey Business’ to Simplify Global Payments for African Startups and SMEs
Grey Business was officially launched on February 10, 2026, during the Africa Tech Summit in Nairobi. The platform enables companies to open USD corporate accounts and transact globally.
Paypal-Paga: Is this the deal that finally creates a Nigerian fintech Monopoly?
PayPal is returning to Nigeria after years of limited access and high fees. The partnership with Paga allows Nigerians to link their PayPal accounts to Paga wallets.
“In 2026, with fraud no longer a major distraction, fintechs will return to massive growth and innovation.” – Adedeji Olowe
The Central Bank of Nigeria's regulatory interventions have reduced fraud, allowing fintechs to focus on growth. The market for fintech in Nigeria is projected to double this year due to renewed consumer trust.
