OPay introduces "Large Transaction Shield" to guard against financial fraud
OPay introduces 'Large Transaction Shield' for enhanced security. Feature combines biometric verification with transaction approval.
Nigerian fintechs ramp up compliance hiring months after customer onboarding ban
Kuda Bank, Moniepoint, OPay, and Palmpay expand compliance teams after central bank's April ban. Moniepoint hired five new transaction monitoring team members, including former OPay and Flutterwave employees.
Core banking migrations: Fintechs to the rescue
Core banking migrations have halted services for traditional banks in Nigeria. Users have turned to fintech platforms for financial transactions during service interruptions.
Exclusive: Thepeer returns $357,000 as investors move on from demands for an audit
Thepeer shut down in April 2024 and returned $357,960 to investors in June. The startup raised $2.1 million in a June 2022 seed round but had only $450,000 left when it shut down.
Next Wave: How investor activity changed after 2022
A surge in startup funding in Africa's tech ecosystem in 2021 fueled by foreign capital and a low-interest rate environment. Major investors like Tiger Global and SoftBank pulled back due to rising interest rates and geopolitical tensions.
