Non-banks may have to look for alternative ways to carry out identity verification for their users, following new CBN regulation.
Akinlade and his partner have taken Paystack from just being a Nigerian startup to a payment giant expanding across Africa.
It appears to have become much difficult for Africa’s most important crypto market to get Bitcoin at a fair value.
Paystack investors cashed big following heavy returns on their investments.
Flutterwave is the only African startup featured on the list of top Y Combinator companies by valuation and top exits as of January 2021.
Experts have made some predictions for digital payments and African venture investments for 2021.
Stripe Inc is partnering with American elite banks in offering corporate-banking services to its merchants and vendors.
Ripple, presently has a valuation of $10 billion, trailing behind Stripe that recently acquired Nigerian PayStack.
Kuda joins the list of other notable startups like Paystack (which was recently acquired by Stripe) and Interswitch that crossed the $1billion valuation benchmark.
Paystack partners with Google to empower over 500,000 SMEs in Nigeria, Kenya, and South Africa.