Flutterwave Share-Backed Loans: Staff Can Now Borrow Against Their Equity Without Selling
Flutterwave share-backed loans let staff borrow against their equity via Techdollar, keeping shares and upside. What we know, and what is still undisclosed.
Fintech
Nigeria Startup Funding Hits $635 Million in Nine Months, Taking Back Africa's Top Spot
Nigeria startup funding reached $635M from January to September 2026, ahead of Egypt, Kenya and South Africa. Four deals made up 69% of it. Here is the data.
Bard Santner wants to turn Zimbabwe’s diaspora remittances into a banking business
Financial advisory firm Bard Santner has secured a microfinance banking licence from the Reserve Bank of Zimbabwe, aiming to convert cross-border diaspora remittance inflows into long-term savings and credit products. The strategic shift seeks to capture non-resident financial flows and build formal banking relationships with Zimbabweans abroad.
Inside Roqqu’s plan to tokenise Nigeria’s stock market
Cryptocurrency exchange Roqqu is preparing to tokenise shares listed on the Nigerian Exchange. By creating digital representations of real-world equity assets on blockchain infrastructure, the platform aims to enable fractional share ownership and expand retail investor participation across West Africa.
Nigeria’s financial inclusion is growing, but access to credit still lags
EFInA data reveals that formal financial inclusion in Nigeria has reached 73 per cent, with 87.2 million adults onboarded. However, formal credit access remains constrained, reaching only 12 million adults as high borrowing costs and strict underwriting requirements persist.
Why Emmanuel Obiechina ditched dedicated apps to build a bank inside your DMs
Faced with high app acquisition costs and low retention rates, founder Emmanuel Obiechina pivoted away from standalone mobile apps. By launching Kure, he built a banking service operating directly within messaging platforms like WhatsApp and Telegram.
MNT-Halan IPO: Egypt's Fintech Starts Trading on the EGX After 43.6x Retail Demand
The MNT-Halan IPO drew orders 43.6 times the retail tranche and 11.2 times the private tranche. Shares in Egypt's fintech start trading on the EGX on 20 October.
Wise South Africa Licence Is Final. What the SARB Approval Allows
The SARB has formally appointed Wise as a Category Two forex dealer. What the Wise South Africa licence allows, what it leaves open and why it matters.
Airtel Money Global Pay Card Heads to Kenya to Take On M-Pesa GlobalPay
The Airtel Money Global Pay Card, a Mastercard virtual card, is coming to Kenya. Here is how it compares with M-Pesa GlobalPay and what users should watch for.
MAX Extends Its Series B3 to $29 Million as US Climate Fintech Nithio Joins
Nithio's investment takes the MAX Series B3 round to $29 million. The Nigerian EV financing firm says it is now profitable in its largest market, Nigeria.
Onafriq Shuts Baxi Agent Banking in Nigeria After Five Years
Onafriq is winding down Baxi, its Nigerian agent banking unit, citing naira weakness, inflation and instant transfers. Agents have 30 days to move funds.
Paystack Six Years After Stripe: Lending, a Bank Licence and The Stack Group
Paystack six years after Stripe is no longer just a payment gateway. It now has a microfinance bank, a lending plan and a new parent called The Stack Group.