No, PaidHR is not a fintech. It’s following a global HR-tech playbook
PaidHR launched a wallet app that processes over ₦1.3 billion monthly, allowing employees to access their wages directly. The company has disbursed ₦150 million in Earned Wage Access (EWA) last year to tackle liquidity gaps for employees.
Nigerian Fintech Risevest Obtains U.S. Broker-Dealer License, Expanding Global Reach
Risevest has acquired a U.S. broker-dealer license through its affiliate, Risevest Financial Securities Limited. This achievement makes Risevest the second Nigerian financial organization to obtain a U.S. broker-dealer license, following Bamboo.
African founders and investors speak on the most impactful events of 2024
Fintech startups dominated Africa's tech ecosystem in 2024. The rise of stablecoins improved cross-border payments efficiency.
Hisa founder, Eric Jackson steps down as CTO, turns attention to sports infrastructure project
Eric Jackson steps down as CTO of Hisa after Risevest acquisition. Hisa secured regulatory approvals from the Capital Markets Authority of Kenya and the Nairobi Securities Exchange.
Nigeria’s Wealthtech Startups Scramble To Survive As Wealth Grows Scarce
Inflation in Nigeria rose from 25.08% in 2023 to 32.15% in 2024. 37% of Nigerians earn below NGN 100 K (~USD 60.00) monthly.
