Moniepoint, OPay, PalmPay responded to 2024 ban with better data collection and compliance
Nigerian fintechs faced fines and a six-week ban on onboarding new users due to compliance issues. The Central Bank of Nigeria (CBN) retired 18 directors, leading to a shift in regulatory stance.
“They just show up and look at our books,”fintech executives reveal stricter CBN compliance checks
CEO of a prominent Nigerian fintech startup announces focus on growth and compliance for 2024. Central Bank bans onboarding of new customers for certain fintechs in April 2024.
Nigerian Regtech Regfyl Raises USD 1.1 M in Pre-Seed
Regfyl raises USD 1.1 million in pre-seed funding. Investors include Techstars, RallyCap Ventures, and Africa Fintech Collective.
