The NDIC says it is repositioning its regulatory framework to protect depositors from dangers.
Kuda joins the list of other notable startups like Paystack (which was recently acquired by Stripe) and Interswitch that crossed the $1billion valuation benchmark.
Ant Group has begun the process of a concurrent initial public offering in what could mark one of the biggest IPOs of 2020.
McKinsey report has revealed that Nigeria’s fintech companies have raised over $600 million in funding in the last six years.
Inspired by the local wooden box piggy bank, the idea for PiggyVest was birthed.
Visa applied for a patent for a digital currency on a blockchain.
Ant Group now operates Alipay which millions of shoppers use across Alibaba’s e-commerce networks.
Velmie builds digital banking products, peer-to-peer lending and microfinance solutions.
It is estimated that there are about 210-250 fintech operators/companies operating in the Nigerian space.
The company will now focus on its fintech business which has always been its core.