A commercial bank that partners with Finnova to provide banking infrastructure and ensure compliance.
You can now bank on WhatsApp with this startup
Nigeria has 51 million active WhatsApp users, making it the 10th largest user base globally. Finnova allows users to access banking services directly through WhatsApp, including sending money and paying bills.
NIBSS bets on QR codes as a cash alternative for small-value payments
NIBSS has improved the speed of QR code payments by eliminating separate fee queries and enhancing security. NIBSS partnered with the Lagos State government to test QR code bill payments, achieving 750,000 transactions in the first week.
After hints at an acquisition, CBN approves Providus Bank and Unity Bank merger
Central Bank of Nigeria (CBN) approves merger between Providus Bank and Unity Bank. Providus Bank previously made moves to acquire a majority stake in Unity Bank.
FrontEdge raises $10M in debt, equity from TLG, Flexport to facilitate trade for African exporters
FrontEdge, a Lagos-based fintech, has raised $10 million in debt and equity seed round to enable the growth of African cross-border trade. The company provides SME exporters and importers with working capital and software tools needed to facilitate their cross-border and international transactions.
