Category : Search result: fintech acquisition


African startups raise $3.2bn in 2025 funding

African startups, led by energy and fintech sectors, raised $3.2 billion in 2025, marking a 40% year-over-year increase and a strong rebound from previous declines. Discover the key players and trends.

Flutterwave Buys Mono to Boost Open Banking

Flutterwave has acquired open banking pioneer Mono. The deal aims to build a connected financial system for Africa, enhancing payments, data access, and security. Discover the future of fintech.

Afrinvest's Optimus Platform Rebrands as PlutusNeo

Nigerian investment giant Afrinvest has rebranded its digital platform Optimus to PlutusNeo, marking a new phase in its digital strategy for inclusive wealth creation. Discover the future of investing.

229 Bank Branches Closed as PoS Takes Over in Nigeria

Nigerian banks closed 229 physical branches in 2024 as digital banking booms. PoS transaction volume jumped 33%, while 1.8 million operators face a registration deadline. Discover the full story of Nigeria's banking transformation.

Elumelu: Africa Can Own Its Strategic Resources

Tony Elumelu declares Africa's capacity to own and manage its resources as Heirs Energies completes a major $500 million acquisition in Seplat Energy, backed by African banks.

Family Seeks ₦2bn Compensation for LAUTECH Land

The Agunbiade family in Ogbomoso renews its plea for compensation from the Oyo State government for ancestral land acquired for LAUTECH over three decades ago. They question fairness after Osun State reportedly received ₦8bn.

Akufada MFI Bags Digital Transformation Award at Nexus 2025

Akufada Microfinance has been honoured with the Digital Transformation Pioneer Award at the Nexus 2025 Awards for its bold shift to digital platforms, setting a new benchmark in Ethiopia's financial sector. Discover how they are empowering communities.

Elumelu's $496m Seplat Deal Set to Boost Fortune

Billionaire Tony Elumelu expands his energy empire, acquiring a 20.07% stake in Seplat Energy for $496 million. The deal makes Heirs Energies the largest shareholder and is expected to significantly increase his net worth. Read the full details.

Bluebulb Wins Finance Excellence Award at 2025 PBN Awards

Bluebulb, a cross-border payments fintech, has won the Finance Excellence Award at the 2025 PBN Awards. The award recognises its work in removing barriers for African businesses in global trade. Read more about this achievement.

PalmPay Purple December Week 3 Winners Announced

PalmPay's Purple December campaign celebrates its third week, with winners like iam_rachyluv taking home prizes. The focus shifted to the fintech's international milestones, building user pride. The grand finale with a Christmas video challenge is next.

Opay Debunks N5,000 Christmas Giveaway Claim

Opay has officially denied a viral social media claim about a N5,000 Christmas giveaway. The fintech warns users against scams and shares vital security tips. Read more to stay safe.

OneDosh Launches Borderless Payments in US and Nigeria

OneDosh launches its cross-border payments platform in the US and Nigeria, using stablecoin tech for instant, low-cost international transfers. The service is live in 49 US states, with New York coming soon.

Warner Bros. rejects Paramount takeover, sticks with Netflix

Warner Bros. Discovery has officially rejected a hostile $108.4 billion bid from Paramount, stating its planned merger with Netflix offers superior value for shareholders. Get the full details on this major Hollywood power struggle.

OmniPay Launches Solutions to Ease Supply Chain Pressure

OmniPay has launched new payment tools and honoured key distributors at its first gala night, reaffirming its commitment to supporting Nigeria's supply chain against economic challenges. Discover the new features.

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