Ivorian Fintech Djamo Raises $17M in Latest Funding Round
Djamo raised $17 million in its latest funding round, the largest for an Ivorian startup. The startup plans to expand its product suite for retail users and small businesses.
Vendease restructures employee salaries, seeks fresh funding
Vendease laid off 44% of its workforce, approximately 120 employees, in January. The company has shifted to a performance-based salary system with an Equity Share Option Plan (ESOP).
Kuda and CEO face allegations of sex discrimination and unfair dismissal from former executive, per filing
Rosemary Hewat filed a complaint against Kuda Technologies and CEO Babatunde Ogundeyi for sex discrimination and wrongful dismissal. Hewat claims she was forced out of her position after experiencing prolonged mistreatment and exclusion from critical strategy discussions.
Nigerian Fintech Moniepoint Receives Strategic Investment from Visa
Visa invests over $10 million in Moniepoint, raising Series C funding to exceed $120 million. Moniepoint processes over 1 billion transactions monthly with payment volumes reaching $22 billion.
LemFi Plans Future Expansions with $53 Million Series B Funding Raise
LemFi raised $53 million in funding. The platform processes $1 billion in monthly transaction volume.
