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NIGERIAN FINTECH
The Federal High Court in Abuja has joined Nigerian fintech, Moniepoint as a party in a staggering N21 billion alleged fraudulent "illegal double payments" recovery bid case involving the Economic and Financial Crimes Commission (EFCC) and some POS merchants, Nairametrics exclusively reports.
Co-founder and former Chief Executive Officer of Nigerian fintech startup Okra, Fara Ashiru, has officially exited the company and joined UK-based startup Kernel as Head of Engineering.
Nigerian fintech giant, Flutterwave, has slashed its workforce by 24, representing 3% of its total employees.
This development comes barely two months after Brass disengaged an unspecified number of its staff citing the current economic realities as the cause.
One of Nigeria’s savings and investment companies, Cowrywise, is banking on many billboard ads to attract more customers as the competition in the fintech landscape gets stiffer.
The figure from Paga further confirms the rising embrace of mobile money in Nigeria as recently revealed by data from the NIBSS
Theeper's founders said they would return unspent capital to their investors as they shut down the company.
Fintech company, Brass, has announced plans to temporarily disengage an unspecified number of its staff in the coming days citing the current economic realities as the cause.
Three Nigerian fintechs have lost over N5 billion to hackers in the first 8 months of this year as cases of hacks and frauds increase within the ecosystem.