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Nigerian Fintech Firm Flutterwave Confirms Hacking Attempt, Says Users’ Funds Safe

Nigerian Fintech Firm Flutterwave Confirms Hacking Attempt, Says Users’ Funds SafeThe Nigerian fintech firm Flutterwave claimed on May 16 that it had foiled an attempt to breach its payments platform. Flutterwave asserted that the “unauthorized activities inconsistent with usual customer behavior” did not compromise users’ funds or data confidentiality. According to one report, over $7 million was siphoned from Flutterwave following a cyberattack in April. […]

Microsoft faces multi-billion dollar fine in EU over Bing AI

South African Fintech Startup Leseka Tech Signs Deal to Buy Payments Provider for $86M

South African Fintech Startup Leseka Tech Signs Deal to Buy Payments Provider for MLesaka Technologies, a fintech startup based in South Africa, recently signed a deal to acquire Adumo, a payment solutions provider, for nearly $86 million. Under the terms of the agreement, Lesaka Technologies will pay Adumo $12.5 million in cash. The funds will be sourced both internally and from external financiers. Lesaka Technologies to Issue Shares […]

Microsoft faces multi-billion dollar fine in EU over Bing AI

Ghanaian Fintech Startup Zeepay Secures $3 Million Equity Investment

Ghanaian Fintech Startup Zeepay Secures  Million Equity InvestmentThe Ghanaian fintech startup Zeepay recently secured a $3 million equity investment from the venture capital firm, Verdant Capital Hybrid Fund. Zeepay plans to use the raised funds to bolster its standing as it prepares for significant growth in 2024. Solidifying Zeepay’s Position in Africa The Ghanaian fintech startup, Zeepay, recently secured a $3 million […]

Microsoft faces multi-billion dollar fine in EU over Bing AI