The embedded finance revolution will turn every company into a financial services provider.
Hydrogen surpasses HabariPay in Q1 profit growth among bank-owned fintechs
Hydrogen recorded a 466% increase in after-tax profit, reaching ₦283 million in Q1 2025. HabariPay's profit growth was 52%, increasing to ₦1.66 billion in the same quarter.
₦76.5 trillion and counting: Inside the payment surge at GTCO and Access Holdings
Nigerians processed a record ₦79.6 trillion ($49.6 billion) through mobile phones in 2024. GTCO's HabariPay and Access' Hydrogen processed a combined ₦76.5 trillion ($47.7 billion) in transactions in 2024, a 217% increase from ₦24.1 trillion in 2023.
EXCLUSIVE: Access Holdings shifts to consolidation phase after expansion drive
Access Holdings Plc is entering a consolidation phase in 2025 and 2026 as part of its five-year strategy. The bank aggressively expanded through mergers and acquisitions in 2023 and 2024.
BREAKING: Access corp’s fintech arm, Hydrogen, reports 10x profit surge
Hydrogen reported a profit of ₦1.8 billion for the year ended 2024, a tenfold increase from ₦161 million in 2023. Access Corporation's strategic shift to a holding company structure in 2020 has proven successful.
Stanbic IBTC’s fintech subsidiary Zest widens losses to ₦2 billion in 2024
Zest Payments Limited reported a ₦2 billion loss after tax for the full year 2024. The loss widened from ₦1.2 billion in 2023, indicating ongoing challenges in the fintech sector.
