A leading payments processing company in Nigeria that recently launched a product called 'Zap'.
FIRS wants banks and fintechs to share transaction data for VAT monitoring
FIRS has developed a real-time portal to track VAT-eligible electronic transactions. The 'Transaction Monitoring System' mandates integration from banks, card schemes, fintechs, and payment service providers.
10 Common Mistakes African Founders Make (And How to Avoid Them)
Poor market research leads to wasted resources and misaligned products. Flawed business models result in unsustainable revenue streams.
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.
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.
