How open banking will change how fintechs manage API integrations with banks
Accessing bank data in Nigeria was previously complex and often relied on personal relationships. Fintechs used insecure methods like screen scraping to gather user data, raising security concerns.
Nigerian remittance startup LemFi acquires UK card issuer pillar to launch credit cards for immigrants
LemFi has acquired Pillar, a London-based credit card issuer, to integrate remittances and credit services. The acquisition allows LemFi to leverage Pillar's FCA license to bypass lengthy regulatory processes.
LemFi’s Acquires UK Based Pillar To Help Immigrants with Credit History
LemFi has acquired UK-based company Pillar to enhance its services for immigrants. The partnership aims to collect credit histories from other countries to assess creditworthiness.
PayU GPO Debuts A2A in Nigeria, Appoints New Country Manager for SA
PayU GPO launched Account-to-Account (A2A) payments in Nigeria. Ryan Engel has been appointed as the new Country Manager for South Africa.
Tanzania, East Africa’s next startup powerhouse, is heating up
Tanzania raised nearly $300 million for startups since 2019, becoming one of the top 10 investment destinations in Africa. In 2024, Tanzania's startup funding totaled $53 million, marking a significant increase from $25 million in 2023.
