Prolific Nigerian VC firm Ventures Platform casts a wider net across Africa
Ventures Platforms has invested in 78 startups, including Piggyvest, Moniepoint, and Paystack. The firm is expanding its focus outside Nigeria and aims to become more pan-African.
Exclusive: How a six-week freeze on customer onboarding slowed card demand for OPay and Moniepoint
Nigeria's central bank's freeze on customer onboarding led to a decline in card demand for Opay and Moniepoint. Opay and Moniepoint reduced the number of cards dispensed to agents.
Businesses prefer saving on fintechs than banks and other things we learned from Moniepoint’s informal economy report.
80% of Nigerian businesses prefer card payments for in-person transactions. Lagos houses 15% of Nigeria's informal economy.
Nigerian fintech Carbon discontinues debit card service nearly 3 years after launch
Carbon shuts down its debit card service in Nigeria after two years. Co-founder and CEO, Ngozi Pascal Dozie, questions the strategy of neobanks pushing for card operations.
How Deimos bootstrapped to $20 million in yearly revenue in 6 years
Deimos increased its revenue from $1.3 million in 2019 to $15.2 million in 2022. The CEO, Andrew Mori, believes profit and cash flow are more important than revenue.
