A digital bank in Nigeria that offers banking services with no fees and a focus on mobile accessibility.
The best interest rates from Nigerian digital banks (2025)
8 in 10 Nigerians still keep their savings in traditional banks, where rates are low. Kuda offers a fixed deposit interest rate of 15% per annum with a minimum deposit of ₦5,000.
20 fintech companies in Nigeria you should know
Paystack, acquired by Stripe in 2020 for $200 million, simplifies online payments for African businesses. Flutterwave, valued at over $3 billion, facilitates cross-border payments across Africa and beyond.
The biggest fintech companies in Nigeria (2025)
Nigerian startups raised over $100 million in Q1 2025, primarily in fintech. Moniepoint became a unicorn in late 2024 and received approval to acquire a majority stake in Kenya’s Sumac Bank.
How Nigerian founders are de-dollarising their startups
The naira's depreciation has led to a regression in revenue for Nigerian startups when measured in dollars. TechCabal hosted a salon-style discussion on cost-cutting strategies attended by notable companies like Piggyvest and Kuda.
Proposed US tax raises alarm for African remittance startups
A US bill proposes a 5% tax on remittances sent by non-citizens, affecting African fintech startups. The legislation requires money transfer operators to verify the immigration status of senders.
