Reinvention in Business: Lessons from Sterling Bank’s Transformation
Sterling Bank underwent a complete transformation, restructuring its core banking model and embedding technology into operations. The bank embraced a digital-first approach in 2019, integrating fintech solutions to stay competitive.
Cascador is launching a $2 million fund for its alumni startups
African startups raised $2.01 billion across 182 deals in 2024, a 31% decrease from the previous year. Cascador is establishing a $2 million Catalytic Fund to support mid-stage entrepreneurs facing funding challenges.
NIBSS bets on QR codes as a cash alternative for small-value payments
NIBSS has improved the speed of QR code payments by eliminating separate fee queries and enhancing security. NIBSS partnered with the Lagos State government to test QR code bill payments, achieving 750,000 transactions in the first week.
Cafe One raises co-working prices citing rising costs
Cafe One increased daily rates for non-cardholders by 37% to ₦7,930 effective January 1, 2025. Card members' fees rose from ₦3,870 to ₦5,870.
SeamlessHR raises $9 million Series-A extension from Gates Foundation and Helios Venture
SeamlessHR raised a $9 million Series-A extension round. Funding was led by the Gates Foundation and Helios Digital Ventures.
