Send money home to loved ones, sell online as a small business, process global payments as an enterprise, build financial products as a startup.
8 takeways on the Future of Finance from Money2020 2025
The future of finance is shifting towards payments, with banks focusing on deposits and loans while payment companies handle mobility. Collaboration among businesses is essential to address common challenges, especially in remittances where margins are decreasing.
Africa’s Leading Startup Hub Pays One of the World’s Lowest Developer Salaries
Lagos has an average annual salary for software developers of $7,500, significantly lower than the global average of $52,000. Nairobi developers earn an average of $14,700, while Johannesburg developers earn $42,000, showcasing the wage disparity within Africa.
From operators to founders: The Flutterwave alumni building Africa’s future
Flutterwave has raised nearly half a billion dollars since its launch in 2015. The fintech unicorn serves over a million businesses, including Uber, MTN, and Microsoft.
The Backend: Why your refunds take forever and how Recital is fixing it
Recital aims to automate the reconciliation process for failed bank transfers, reducing time and errors. The platform's automated reconciliation engine can check against multiple sources, cutting down operational time by 93%.
A new U.S.-Nigeria trade deal could unlock more investment for Nigerian startups
The U.S.-Nigeria Commercial and Investment Partnership (CIP) was signed in July 2024 to support Nigeria's startup ecosystem. The CIP aims to remove regulatory barriers and promote private investment, enhancing access to U.S. venture capital.
