What’s Happening? Jetpad, a crypto startup founded in Anambra State,Southeast Nigeria, has received a $75,000 grant from the Stellar Community Fund to expand its latest innovation – the Jetpad Smart Wallet. This funding supports Jetpad’s broader mission to simplify crypto access across Africa by delivering user-friendly blockchain products tailored for everyday users. Unlike traditional wallets […]
Say Goodbye to Free USSD Banking and Get ready to start paying from your airtime when using USSD services like *894#. Soon, instead of your bank covering the cost behind the scenes, you’ll be charged directly from your airtime balance. What’s Changing? Mobile banking users in Nigeria will soon see a change in how they
USSD Charges to Be Deducted from Airtime in Nigeria Read More »
New Remittance Platform for the African Diaspora Moniepoint Inc., Africa’s fastest-growing fintech startup, has officially unveiled MonieWorld, a digital platform designed to streamline remittances and financial services for the African diaspora in the UK. The launch, which was teased earlier, is powered by Moniepoint GB, the company’s UK-based subsidiary, and represents its first move beyond
Moniepoint Goes Global with MonieWorld Read More »
Nine years after selling Paystack to Stripe for $200M, Shola Akinlade of Paystack is back with a new bet – Zap, a money transfer app built for speed. The company’s CEO, Shola Akinlade announced the launch at a special event on Monday. According to Akinlade, instead of being another neo bank, Zap will allow Nigerians to
Paystack launches zap- its first consumer app Read More »
Perplexity Starts Testing Ads in AI-Powered Searches AI search engine Perplexity has started rolling out ads, a big step as it looks to boost its revenue model. Ads will appear as “sponsored follow-up questions,” and will be labeled and positioned next to search answers. For now, this experiment is only in the U.S., with partners
Perplexity to Start Testing Ads in AI-Powered Searches Read More »
Visa, the second-largest card payment processor in the world has made strategic investments in four African startups, These startups are part of Visa’s biannual Africa Fintech Accelerator program, which launched in June 2023. Standout Startups from Visa’s Accelerator Of the 23 startups in the program’s first cohort, four secured funding, This include: Ghana’s Oze (business
Visa Invests in four Strategic African Fintech startups. Read More »
Meta’s Threads is on a roll. The social platform just crossed 275 million monthly active users (MAUs), according to Adam Mosseri, the head of both Threads and Instagram. He shared the news on Sunday, thanking users and hinting at future improvements. “There’s a lot more to do, and plenty of things to fix, but there’s
Threads Hits 275 Million Monthly Users Read More »
ARM Labs Lagos Techstars, the accelerator program that launched in Nigeria two years ago, is closing its doors. The third cohort, which started in March 2024, won’t continue, and Techstars’ global Chief Brand and Communications Officer, Matthew Grossman, confirmed the closure via email. “Our partnership with ARM Labs has ended,” Grossman noted, adding that while
Techstars Lagos shuts down its Accelerator just After Two Years Read More »
What’s the Buzz?Nigerian fintech Moniepoint just raised $110 million in a Series C funding round led by Development Partners International (DPI). New players like Google’s Africa Investment Fund and Verod Capital joined the mix, along with existing investor Lightrock. This fresh capital is set to nearly triple Moniepoint’s valuation, hitting the coveted $1 billion mark
Moniepoint Hits Unicorn Status with $110 Million Series C Round Read More »
Google just announced a $5.8 million investment to bring more AI skills to Sub-Saharan Africa. This funding is set to help people and organizations across the continent learn how to use AI for real-world impact, focusing on areas like economic growth and social issues. From industry workers to government employees, Google’s initiative aims to teach
Google to Invests $5.8 Million to Boost AI Skills Across Sub-Saharan Africa Read More »