Afridigest Fintech Review: Nigerian fintechs face friction in facilitating foreign flows
Week 4 2024: Jan 21-27
Afridigest is your intelligent guide to tech in Africa. The Fintech Review is a weekly recap of what matters in African fintech.
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And with that said, here are the week’s highlights:
• Three fintech fundraises were announced across the continent.
• News of the week: The Central Bank of Nigeria prohibited fintechs from obtaining IMTO licenses. The Kenyan High Court released $3 million belonging to Flutterwave, ending the company’s legal drama in the country. Nigerian fintech Kippa is reportedly pivoting to edtech — and one of Kippa’s co-founders left the company. Nigerian wealthtech Rise’s acquisition of Chaka is complete and Chaka’s founder has left the company.
• Companies appearing in today’s Fintech Review: Klasha, Cleva, Boost, AssetBase, and others.
• Executives appearing: CloudPay’s Ferdinand Dragtstra, TransferGo’s Bamiyo Awonusi, CommerzVentures' Hangwi Muambadzi, Nedbank’s Chipo Mushwana, Purple Group’s Charles Savage, Moni’s Femi Iromini, NALA’s Benjamin Fernandes, Sparkle’s Uzoma Dozie, Yellow Card’s Lasberry Chioma Oludimu, Duke Ekezie, Paul Damalie, Jasiel Martin-Odoom, and more.
Today’s edition is a long one, you might want to read it on the web.
With that said, let’s get into it!
