EXCLUSIVE: Earnipay cuts workforce amid profitability push
Earnipay has laid off a portion of its team as part of a strategic shift towards its most profitable segment—business lending. The layoffs come after Earnipay raised a $4 million seed round to scale its earned wage access platform across Nigeria.
Bitmama Joins the Wave of Fintechs Halting Card Services Amidst Industry Challenges
Bitmama pauses partnership with MasterCard virtual card provider. Rise announced discontinuation of virtual card services in September.
Jack Dorsey Shuts Down TBD as Crypto Ambitions Shift
Jack Dorsey officially shuts down TBD, a decentralized platform. TBD aimed to create an open-source network for global payments.
Debit Cards, Once A No-Brainer For Africa’s Hottest Fintechs, Turn Nightmare
Rise announces discontinuation of virtual card services by September 30, 2024. Carbon pulls the plug on its debit card operations earlier this year.
The Promise & Peril Of GenAI Presents Puzzle To African Banks & Fintechs
African financial institutions are exploring GenAI to revolutionize operations. GenAI adoption faces challenges like data poisoning and deep fakes.
