African fintech Flutterwave acquires Nigerian open banking startup Mono, sources say in an all-stock deal valued at $25M to $40M; Mono raised $17.5M since 2020
A profile of Nigerian fintech PalmPay, which raised $140M+ from Transsion and other Chinese firms, says it has 35M+ registered users, and aims to be “super app”
Aanu Adeoye / Financial Times :
Starlink, which entered Nigeria in January 2023, ranks second among pure-play ISPs with 65K+ Nigerian subscribers in Q3 2024 due to reliable, high-speed access
Damilare Dosunmu / Rest of World :
As Nigerian payments startup Flutterwave prepares for an IPO, it faces allegations of financial impropriety, a culture of harassment and bullying, and more
Bloomberg : Tweets: @jakerbright , @tori_crandall , @danieltadeyemi , and @habesh_ Tweets: Jake Bright / @jakerbright : The smooth & bumpy parts of @theflutterwave's IPO path. For context, I'd have m...
Nigerian payments startup Flutterwave, which is valued at $3B, is facing allegations of a money laundering scheme worth up to $215M in Kenya
Abubakar Idris / Rest of World : Tweets: @restofworld , @restofworld , and @yinkawrites Tweets: @restofworld : Months after accusations of mismanagement and sexual harassment rocked the Nigerian fint...
An investigation into Nigerian payments startup Flutterwave, valued at $3B, alleges employee stock option fraud, sexual harassment, and workplace bullying
On the night of Sunday March 20, 2022, a particular WhatsApp group wouldn't stop buzzing. — Word had got out that a big story …
Nigerian fintech Tingo, which processes ~$4B in e-commerce transactions annually, seeks $500M to expand in Africa; Tingo, valued at $6.3B, plans an IPO in H1
Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter — Tingo Inc, which does most of its business in Nigeria …
Nigerian payments startup Flutterwave raises a $250M Series D at a $3B valuation, making it Africa's most valuable startup, led by B Capital
Payments company becomes the most valuable start-up in Africa as investors bet on continent's scene — Nigerian payments company Flutterwave has raised $250mn …
Nigerian startup Metro Africa Express (MAX), which provides vehicle subscription and financing services, raises a $31M Series B to expand within Africa
Annie Njanja / TechCrunch :
Nigerian startup Autochek, which offers a marketplace for car sales, raises a $13.1M seed, following a $3.4M pre-seed in November 2020
Tage Kene-Okafor / TechCrunch :