Interswitch is a Nigerian digital payments company and one of the first unicorns in Africa, facilitating electronic payments.
Lagos Emerges as World’s Fastest Growing Tech Hub
Lagos ranks as the world’s fastest-growing tech ecosystem according to Dealroom.co’s Global Tech Ecosystem Index 2025. The city has recorded an 11.6-fold increase in startup enterprise value since 2017.
Lagos is the world’s fastest-growing tech ecosystem in 2025
Lagos has been ranked as the world's fastest-growing tech ecosystem in 2025 by Dealroom.co. The startup ecosystem valuation in Lagos has surged 11.6 times since 2017, reaching $15.3 billion.
2024 Startup Graveyard Report: Governance Gaps Contribute to High Failure Rates in Africa’s Startups
58 percent of startups fail due to financial difficulties. 27 percent fail due to operational issues.
Verve expands global reach with Temu, challenging Jumia’s stronghold
Verve cardholders can now shop on Temu and pay in local currencies. This partnership simplifies cross-border transactions for African shoppers.
Reinvention in Business: Lessons from Sterling Bank’s Transformation
Sterling Bank underwent a complete transformation, restructuring its core banking model and embedding technology into operations. The bank embraced a digital-first approach in 2019, integrating fintech solutions to stay competitive.
