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Mergers and Acquisitions are Surging Amidst Market Exuberance on the Exit Trail
Flutterwave acquired Nigerian open banking startup Mono in an all-stock deal valued between $25 million and $40 million. Paystack has officially entered the banking sector through the acquisition of Ladder Microfinance Bank, rebranded as Paystack Microfinance Bank.
Kenyan fintechs poached aggressively from banks. Now the talent is returning
Kenyan banks are regaining talent lost to fintechs as job security and better salaries attract professionals back. The shift has intensified since 2024, with banks expanding engineering and compliance departments in response to operational risks.
Nigerians are still mad at PayPal but their startups need dollars
PayPal partners with Nigerian fintech Paga to allow users to link wallets and withdraw funds in naira. Paga CEO Tayo Oviosu announces plans to enable businesses to accept PayPal directly on their platforms.
Investor relations as brand communications: beyond pitch decks
The first wave of significant global investments in Nigeria's tech ecosystem occurred between 2015 and 2016, including iROKO's $19M raise. Andela raised $24M in a Series B round led by the Chan Zuckerberg Initiative, marking a pivotal moment for Nigerian startups.
PayPal returns to Nigeria after two decades. This time through Paga
PayPal partners with Nigerian fintech Paga to allow Nigerians to receive international payments. Nigerians can now settle payments in Naira and access PayPal's global payments network.
