Startup

In the last two years, Kuda MicroFinance Bank, a neobank with a Nigerian microfinance bank licence, has seen losses. Kuda’s loss of over N6 billion ($14,214,681) by the end of the 2021 fiscal year, was an increase of 602% from the loss of $2,025,295 it suffered in 2020. According to…

In order to introduce new products and enter new business sectors in Nigeria, Duplo, a business-to-business payment network that makes it simpler for African businesses of all kinds to pay each other, has secured $4.3 million in seed funding. This comes just seven months after it disclosed a pre-seed investment…

Africa is a land of immense opportunities and this is quite evident in the number of startups springing up daily and the level of success being recorded. From technology, fintech, edtech, to healthtech and insurtech, African startups are increasingly recording incredible milestones and breaking records through foreign direct investments (FDI).…

As the Netflix documentary examines one of the most infamous cryptocurrency scams, let’s detail the facts and what’s still up for investigation in the narrative of lost millions and sad investors. It all began in December 2018 with Gerald Cotten, the founder of QuadrigaCX, Canada’s largest cryptocurrency exchange at the…

People leverage a wide variety of methods to continue being productive. People are continually coming up with new productivity hacks, such as the Pomodoro Technique and the 80/20 Rule. However, many well-known startup founders hardly ever employ any of these productivity hacks. Most of these business owners use tricks or…

Raising funds is one of the biggest challenges faced by Nigerian entrepreneurs. Whether you’re trying to start or scale your business, you need the right kind of financing. This is where Nolt Finance steps in. A disruptor in Nigeria’s social impact banking space, NOLT Finance provides the most affordable loan…

On July 6, 2022, it was announced that 56 accounts were frozen by a Kenyan high court. Most of the accounts frozen mainly belonged to Nigerian fintech juggernaut, Flutterwave over the suspicion of money laundering conducts.  Assest Recovery Agency of Kenya (ARA) carried out the operations on these accounts that…

Barter card, a virtual card service offered by Flutterwave, has been suspended because of what the company stated as “an update from our card partner, which will cause the card service to be unavailable for an extended period.” Many Nigerians who depend on this avenue for their dollar transactions are…

One of Africa’s most valued startups, Flutterwave, notified its customers via email last Friday about the latest change with their virtual dollar card.  In summary, it stated that customers would no longer be able to use their virtual dollar card service, fund existing ones, or use them to make payments…

These startups who have been recognised as the World Economic Forum’s (WEF) Technology Pioneers are at the top of their fields, driving innovation and addressing some of the most serious issues facing the globe, such as climate change, food security, cybersecurity, etc. Six startups, three of which are from Nigeria,…