Africa Set To Move Forward As Leading Fintech Region With New Technologies.
Latest research report from the Global Fintech 2023 by the Boston Consulting Group and QED Investors, Africa and the Middle East are likely to surpass established fintech centers if they adopt new technologies. The report also noted that while cash…
40% Of African Banks And Telecoms Are Threatened By The Growth Of Fintechs: Report.
In the latest African Banker annual report, of the 153 banks that were surveyed about 40% said they “regard fintechs and telcos as high threats.” The survey study also found that some 69% of the surveyed banks view artificial intelligence…
Visa Announces Global Competition For Fintechs In Nigeria.
Applications are now open in Nigeria for the 2023 edition of the Visa Everywhere Initiative (VEI), a global open innovation competition that sees startups pitch their innovative solutions to solve tomorrow’s payment and commerce challenges. “The Visa Everywhere Initiative is…
Nigeria SEC Opens Portal For Fintechs Interested In Listing In Nigerian Capital Market.
Nigeria Securities and Exchange Commission ( SEC) on Friday announced that it has opened the Regulatory Incubation portal for fintechs to submit applications from Cohort 001/23, from 28/04/2023 to 26/05/2023. According to SEC, the application is open to Registered Capital…
Nigeria Launches Tech Funds Totalling $618 Million For Youth Investors.
Nigeria’s Vice President Yemi Osinbajo launched the $618 million fund under the Investment in Digital and Creative Enterprises (iDICE) in the federal capital Abuja, on Tuesday to support tech and creative sectors for young investors who struggle to raise capital…
Naira Scarcity : Nigerians Adopt Fintech Virtual Bank As Commercial Banks Apps, USSD Breakdown.
As the end of the Naira scarcity is nowhere in sight and following the breakdown of commercial banks mobile apps and USSD codes, Nigerians are switching to virtual fintech banks which provide swift transactions. Virtual banks like Opay Palmplay ,…
Nigerians Take Second Position In Global Crypto Leverage Trading Products Searches
In a recent survey and analysis of Google searches by Leverage Trading, Nigeria is the “second-highest country in the world for searches related to crypto leverage.” Along with South Africa and Ghana, the West African nation also dominates searches for…
Nigerian Startups Among 11 African Startups Selected For Pitch Round Of Africa Accelerator Programme.
A total of eleven startups have been selected for the next stage of the MultiChoice Africa Accelerator, gaining the chance to pitch to prospective investors in Dubai. The MultiChoice Africa Accelerator programme, the brainchild of the MultiChoice Group and part…
African Fintechs Record 39.3% Rise In Investment, Brings In $1.3 Billion.
Fintech sector in Nigeria, South Africa, Kenya and others was the most attractive to investors in 2022, receiving almost $1.5 billion in funding during the year, making up 43.4 per cent of all startup investments into the continent. The startup…
Nigeria Missing As Kenya, South Africa Leads In Global Innovation Index Report 2022.
Mauritius, South Africa, Botswana, Kenya and Morocco, in latest inovative economies global report, ranked far above Nigeria in Africa as countries with the most innovative economies. This is according to the World Intellectual Property Organisation’s (WIPO’s) Global Innovation Index (GII)…