Nigeria
Companies
Funding rounds
Added · · prnewswire.com
$200M
$200M
Added · · OPay files for a New York IPO as Standard Bank commits up to $200M in a private placement
Added · · Weekly update #140
Cardtonic (The Tonic Technologies LTD)
$2.1M
Added · · Weekly update #116
$90M
Development Partners InternationalLead, Alder Tree Investments, Google's Africa Investment Fund, IFC, LeapFrog Investments, Lightrock, Proparco, Swedfund, Verod Capital Management, Visa
Added · · Weekly update #104
$4.2M
MaC Venture CapitalLead, Authentic Ventures, Partech
Added · · Weekly update #83
$2M
Added · · Weekly update #74
$11M
QED InvestorsLead
Added · · Weekly update #68
$11M
QED InvestorsLead, Norrsken22, P1 Ventures, Ventures Platform
Added · · Weekly update #105
News
Raenest acquires FCA-registered UK payments company Remitise
Raenest has acquired 100% of Remitise, a UK payments company registered with the Financial Conduct Authority.
Fintechs shrink engineering teams as AI changes the roles that remain
Moniepoint is cutting some Engineering and Product roles while adding platform architects, saying AI means fewer people are needed. The piece compares Block, Coinbase, Klarna and Robinhood, which also trimmed headcount or leaned on AI-written code. Remaining engineers increasingly design systems and review AI output.
Nigeria's central bank issues stablecoin licensing rules and bans algorithmic stablecoins
The Central Bank of Nigeria has issued Regulations for the Operations of Non-Security Virtual Assets in Nigeria, effective 5 November.
Moniepoint UK reports $36,284 in 2025 revenue as the group winds down its MonieWorld remittance product
What is new: Moniepoint UK Limited, the UK subsidiary of Nigerian fintech unicorn Moniepoint, reported $36,284 in revenue for 2025 in filings with UK…
Onafriq winds down Baxi, its Nigerian agent banking business, five years after buying it
Onafriq, the digital payments network operating across 40 African countries, is closing Baxi, its Nigerian agent banking business, after a review of long-term…
Cascador and Sterling Bank launch a $200M credit backstop fund to help Nigerian startups get bank loans
Cascador, a Nigeria-focused platform for growth-stage founders led by CEO Trish Thomas, and Sterling Bank have set up the SME Credit Backstop, a fund with a…
Kredete acquires Gravv to bring its stablecoin payment rails in-house
Nigerian fintech Kredete has acquired Gravv, an agentic stablecoin infrastructure platform that connects banks, blockchain networks and local payment rails.…