Nigerian fintech startup Bitmama closes $350k pre-seed funding round

BY TOM JACKSON Nigerian fintech startup Bitmama has closed a US$350,000 pre-seed funding round to grow its operational presence, expand its team, and penetrate new markets across the continent. Launched in 2019, Bitmama provides a secured blockchain infrastructure that allows users across Africa…

Nigerian fintech startup Chaka raises $1.5m pre-seed funding

BY TOM JACKSON Nigerian fintech startup Chaka has raised a US$1.5 million pre-seed funding round as it aims to expand its footprint to Ghana and other West African markets. Chaka is a platform that provides tech services, marketing, customer service and operations…

Nigerian fintech startup Payhippo raised $1m pre-seed funding

BY TOM JACKSON Nigerian fintech startup Payhippo has raised US$1 million in pre-seed funding to scale its offering, which provides vital loans to small businesses. Launched in January of last year by Chioma Okotcha, Uche Nnadi and Zach Bijesse, Payhippo provides loans to…

Nigerian fintech startup Cowrywise secures key fund management license from SEC

BY TOM JACKSON Nigerian fintech startup Cowrywise has been granted a Fund/Portfolio Management License by the country’s Securities and Exchange Commission (SEC), enabling it to operate as a fully fledged funding management company.  Launched in 2017 by Razaq Ahmed and Edward…

Nigerian fintech startup TeamApt raises Series B funding round

BY TOM JACKSON Nigerian fintech startup TeamApt, which provides financial services for the underserved mass market in Africa, has announced the completion of its Series B funding round as it looks to expand in the aftermath of switching its focus from…

Nigerian fintech score big on the funding front as investors spot “final frontier” opportunities

BY TOM JACKSON We have not even reached the halfway point of 2021, but already it seems nailed on that the year will break all sorts of funding records – with the surge in investments led by the Nigerian fintech space.…

Nigerian fintech startup Bankly secures $2m seed funding round

BY TOM JACKSON Nigerian fintech startup Bankly has secured US$2 million in seed funding to accelerate its consumer acquisition and offer direct-to-consumer (DTC) products to Nigeria’s unbanked and underbanked populations. Founded in 2018, Bankly is digitising the informal “thrift collections” system – known…

Nigerian fintech startup ImaliPay raises pre-seed funding to service gig workers’ financial needs

BY TOM JACKSON Nigerian startup ImaliPay, which leverages artificial intelligence (AI) and big data to offer tailored financial products that promote the inclusion of gig economy platforms and workers across Africa, has raised a round of pre-seed funding to scale more…

Nigerian fintech startup Flutterwave closes $35m Series B round

BY TOM JACKSON Nigerian payments startup Flutterwave has closed a US$35 million Series B funding round from a consortium of strategic investors to support its expansion into new African markets. Launched in 2016, Flutterwave builds modern payments technology and infrastructure for Africa…