fintech

  1. Fintech Pioneer Lidya Shuts Down After Nine Years, Citing Severe Financial Distress

    Nigeria Fintech Pioneer Lidya Shuts Down After Nine Years, Citing Severe Financial Distress

    The Digest: Nigerian digital lending startup Lidya has ceased operations after nine years, marking the end of a once-promising fintech pioneer that sought to transform SME financing in Africa. The company, founded by Jumia alumni Tunde Kehinde and Ercin Eksin, announced its closure in an email...
  2. CBN Orders Geo-Tagging of PoS Terminals to Curb Fraud

    Nigeria CBN Orders Geo-Tagging of PoS Terminals to Curb Fraud

    The Digest: The Central Bank of Nigeria (CBN) has mandated that all Point of Sale (PoS) terminals be geo-tagged within the next 60 days. This directive, a new step in the fight against financial fraud, effectively creates a Digital Watchtower that will monitor and secure digital payments...
  3. Okra Shuts Down as Co-Founder Fara Ashiru Joins UK's Kernel

    Nigeria Okra Shuts Down as Co-Founder Fara Ashiru Joins UK's Kernel

    The Digest: A notable shift in Nigeria’s fintech ecosystem sees pioneering open banking startup Okra cease operations, while its co-founder, Fara Ashiru, transitions to a new role abroad. Ashiru has officially exited Okra to join UK-based Kernel as Head of Engineering, a move confirmed via her...
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