Fintechs rush for FX transactions will only benefit customers and startups with scale
Nigerian fintechs are focusing on consumer-oriented cross-border transaction products due to the stability of dollar-based transactions. The Central Bank of Nigeria reported remittance inflows of $553 million in July 2024, marking a 130% increase from 2023.
TechTalks with TFN: Idorenyin Obong – from hustling solo to fintech hero
Idorenyin Obong founded Grey after struggling with cross-border payment conversions. Grey was initially named Aboki Africa and focused on the African market before rebranding to expand globally.
NALA Shook Remittances—Now Its Founder Wants To Put Money Where His Mouth Is
NALA secures $40 million Series A funding round to expand beyond the African cross-border payments market. The company has achieved significant growth in the remittance space, targeting the African diaspora.
