Stanbic IBTC’s fintech subsidiary Zest widens losses to ₦2 billion in 2024
Zest Payments Limited reported a ₦2 billion loss after tax for the full year 2024. The loss widened from ₦1.2 billion in 2023, indicating ongoing challenges in the fintech sector.
Stanbic IBTC to inject ₦4 billion into fintech subsidiary, Zest
Stanbic IBTC Holdings Plc is recapitalizing Zest Payments Limited with ₦4 billion. The funding represents about 3% of the total ₦148.71 billion capital raising exercise.
