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Report: Africa Fintech Startups Raised $2 Billion in 2021

Report: Africa Fintech Startups Raised  Billion in 2021Africa’s fintech startups are reported to have raised $2 billion in the past year alone. This amount dwarfs the $231 million that was raised in the year 2020. Nigerian startups continue to account for the biggest share of funds raised by the continent’s fintechs in 2021. 2021 Has Highest Number of Reported Deals The capital […]

ETH/BTC hits lowest point in over 3 years, sliding to 0.03508

Flutterwave Raises $250 Million in Series D Funding Round, Startup Now Valued at Over $3 Billion

Flutterwave Raises 0 Million in Series D Funding Round, Startup Now Valued at Over  BillionFintech startup Flutterwave announced recently that it has raised $250 million from its Series D funding round. The funding round, which attracted international investors, saw the startup’s value rise to over $3 billion. Capital Raised to Fund Flutterwave’s Expansion Plans The Nigerian fintech startup Flutterwave recently announced it raised $250 million in a Series D […]

ETH/BTC hits lowest point in over 3 years, sliding to 0.03508

African Fintech Start-up Chipper Cash Raises $100 Million — CEO Says No Crypto Services for Nigeria

African Fintech Start-up Chipper Cash Raises 0 Million — CEO Says No Crypto Services for NigeriaChipper Cash, an African fintech firm that specializes in facilitating cross-border payments, recently closed a $100 million Series C funding round. Taking the lead in what is now Chipper Cash‘s third fundraising round in the past twelve months is the venture capital (VC) firm, SVB Capital. The VC firm is an investment arm of U.S. […]

ETH/BTC hits lowest point in over 3 years, sliding to 0.03508

Central Bank of Nigeria Blocks Fintech Startups From Accessing KYC Service— Decision Described as an ‘Attack on All Fintechs’

Central Bank of Nigeria Blocks Fintech Startups From Accessing KYC Service— Decision Described as an ‘Attack on All Fintechs’The Central Bank of Nigeria (CBN) has recently suspended the provision of the bank validation number (BVN) service to all fintech and third-party partners. The decision means non-banks entities include crypto startups “have lost one of the most comprehensive means of identity verification in the country.” New Identification System Before the latest decision, the CBN […]

ETH/BTC hits lowest point in over 3 years, sliding to 0.03508