fintech
LemFi Secures $53 Million to Enhance Remittance Reach in Europe and Asia
LemFi, a London-based financial services platform aimed at serving immigrants has recently secured $53 million in funding, which it plans to utilize for customer acquisition and expanding its operations into additional countries.
For numerous emerging market economies, remittances have emerged … Continue Reading
Moniepoint Pursues Commercial Bank License to Revolutionize Nigerian Banking Sector
Nigeria’s Fintech Giant Moniepoint Seeks commercial banking license in a game-changing move to Revolutionize Banking Services, Challenge Traditional Banks, and tap into lucrative markets.
Moniepoint, one of Nigeria’s fast-growing fintech companies, is making strategic moves to secure a commercial banking … Continue Reading
CBN Bans Banks, Fintechs From International Money Transfers, Increases Application Fee
The Central Bank of Nigeria (CBN) has implemented a significant shift in the financial landscape by barring banks and fintech companies from conducting international money transfer services.
The sweeping directive, outlined in a document dated January 31, 2024, signals a … Continue Reading
Fintech Giant, OPay set to block all accounts Not linked to NIN by march 1, 2024
OPay, Nigeria’s fintech giant, has issued a stern warning that it will block all accounts not linked with the National Identification Number (NIN) by March 1, 2024.
The announcement was made by Ikponmwosa Odiase, OPay’s Director of Partnerships, … Continue Reading