Paga is one of Nigeria's oldest fintech companies, providing a range of services and processing trillions in transactions, with ongoing expansion plans.
Moniepoint’s new POS terminal shows the unicorn is playing a long enterprise game
Moniepoint launched Moniebook, a POS system that integrates payment and inventory management. Over 4,000 businesses participated in the beta phase of Moniebook, showcasing its diverse applications.
These two Nigerian developers built an AI Assistant for Writers
Joel Olawanle and Elijah Asaolu created AI Reporter to help writers overcome the challenge of starting a draft. The plugin uses source URLs and style guides to generate a first draft, maintaining the writer's voice.
The Grace Hopper Effect: A conference set this U.S immigrant on a quest to close the gender gap in African tech
Gabriella Uwadiegwu attended the Grace Hopper Celebration in 2017, which inspired her to pursue a career in tech and empower other women. She launched WeTech in 2019, creating a community of 5,000 women and organizing events to connect them with tech opportunities.
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.
CBN licences in Nigeria: types, costs & what fintechs should know
The Central Bank of Nigeria requires fintech startups to obtain specific licenses based on their services. The Switching and Processing Licence is essential for companies processing payments and requires a minimum capital of ₦2 billion.
