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Gigbanc Winds Down Amid Funding Challenges
Nigerian fintech startup Gigbanc has announced that it is winding down its operations after three years in business, citing a difficult fundraising environment and rising operating costs. The decision highlights the growing pressure facing early-stage startups across Africa as venture capital becomes more selective despite continued interest in the continent’s technology sector. Founded in 2023,…
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West Africa Targets Title of Africa’s Most Connected Fintech Ecosystem
West Africa is intensifying efforts to become Africa’s most connected fintech ecosystem, with governments, regulators, financial institutions, and technology startups working together to remove barriers to cross-border digital payments and financial services. The push comes as the region seeks to capitalize on the rapid growth of financial technology across the continent, where mobile money, digital…
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Supercell Launches $200K Grant for African Developers
Supercell has launched a new initiative aimed at supporting Africa’s growing game development industry by offering grants of up to $200,000 to promising game studios across the continent. The funding program is designed to help independent developers scale their projects, strengthen their businesses, and create games that can compete on the global stage. The Finnish…
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The Cost of Instant Payments in South Africa
South Africa has made significant progress in modernising its payments ecosystem, but instant payments continue to come with transaction fees at many banks. Despite advances in digital banking and real-time payment infrastructure, customers often pay extra to transfer money instantly, raising questions about why these charges persist. The country’s payment landscape has evolved rapidly with…
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Unlocking Fintech Growth in Africa’s Displacement Zones
Across Africa, millions of displaced people continue to face significant barriers to accessing formal financial services. While mobile money and fintech have transformed financial inclusion in many parts of the continent, internally displaced persons (IDPs) and refugees often remain excluded due to limited documentation, inadequate digital infrastructure, and the absence of tailored financial products. This…
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OPay Showcases AI Innovation at Digital PayExpo 2026
OPay showcased its commitment to the future of digital finance at Digital PayExpo 2026, highlighting how artificial intelligence (AI) is transforming financial services and improving the payment experience for millions of users. The fintech company used the industry event to demonstrate its latest AI-driven innovations while reaffirming its role in advancing financial inclusion across Nigeria…