Just a short while after securing the approval of Nigeria’s Apex Bank, Central Bank of Nigeria (CBN), to commence international money transfer in Nigeria; the Nigeria-based fintech company OPay has raised $120 million Series B funding from a group of Chinese investors. Participating in the round include existing investors Meituan-Dianping, Source Code Capital, IDG Capital, Sequoia China and GSR Ventures who funded the company’s $50 million raise in July.
OPay which has been running public bus service — OBus, has reportedly suspended the operations. The limited route service which has been in its beta testing for close to four months, has gained a lot of interests amongst commuters within the city but in the same breathe had peculiar difficulties with competitions within the state.
Jack Ma, the co-founder and former chairman of Alibaba Group (the renowned e-commerce and tech firm), has arrived in Nigeria for the first Digital Economy Summit holding at the State House, Abuja.
OPay, a provider of payment, ride-hailing, food delivery and loan services have been given approval by Nigeria’s Apex Bank Central Bank of Nigeria (CBN) to commence international money transfer in Nigeria
Based on a recent report by Sky News, Nigerian pioneer fintech business, Interswitch, is getting an investment of $200m from Visa for a 20% stake in the company.
ReQuid, an investment agregation platform, has emerged winner of NSE first X-Kathon competition. The NSE X-kathon seeks to solve problems within the capital market by funding, incubating and accelerating ideas and businesses that have tangible solutions. “We aim to discover innovative solutions that will drive mass retail investor participation in the capital market and to […]
The 2019 Fintech Week opens on the 28th of October till the 1st of November, at the Landmark Events Centre with the Theme: Surviving with Fintech Innovation, What are the Sustaining Factors?
ReQuid, a technology platform that provides investors (individuals & businesses) access to aggregated investment opportunities across Africa launches in Lagos. In the last couple of years there has been a few new entrants into the agrotech investment scene in Nigeria; companies like Farmcrowdy, Thrive Agric, Verdant Agritech, Porkmoney, to name a few. ReQuid however seek […]
By Herdrine Katche Global digital money transfer leader, WorldRemit has signed a strategic deal with Nigeria’s first and leading mobile money company, Paga to roll out international digital money transfers in Nigeria. The deal will see WorldRemit’s customers around the world send money to Nigeria seamlessly and instantly. WorldRemit is expanding its service offering beyond […]