A mobile payment platform in Nigeria that has gained traction in the fintech space, showcasing the potential of startups.
Four Nigerian banks processed $208 billion in mobile transactions in 2025
OPay and PalmPay have gained popularity due to their reliability and speed amidst bank app failures. The cash crunch from the failed naira redesign policy of 2022 accelerated the adoption of fintech apps in Nigeria.
Next Wave: Failed startups leave us richer in some ways
Okra is scaling back and returning part of its funding to investors after five years of operation. The stigma surrounding startup failures in Africa often overshadows the reality that 90% of startups globally fail.
