Tag: Payments

TechCabal

Why a ₦50 charge from you adds up to ₦796bn for the government

This is Follow the Money, our weekly series that unpacks the earnings, business, and scaling strategies of African fintechs and financial institutions. A new edition drops […]
September 22nd, 2025
TechCabal

How Kenya collects more taxes than Nigeria with a quarter of its population

Kenya’s economy is $56.6 billion smaller than Nigeria’s, with a population of about a quarter of Africa’s most populous nation. Yet, the East African nation consistently […]
September 22nd, 2025
Wamda

Merak Capital invests $1.2 million in Saudi fintech Bynow

Press release: Merak Capital has invested $1.2 million in Saudi fintech startup Bynow to accelerate product development and expand its presence in the Kingdom and regional […]
September 18th, 2025
Techpoint Africa

The cNGN project: Expert criticism and questions asked so far

The cNGN stablecoin, Africa’s first regulated stablecoin project, is generating considerable buzz in Nigeria’s Web3 space, drawing both praise and criticism. Techpoint Africa reported that Riyadh-based […]
September 18th, 2025
Wamda

Saudi fintech Spare closes $5 million pre-Series A

Press release: Spare, a fast-growing open banking infrastructure provider based in Riyadh, has raised USD 5 million in a pre-Series A funding round. The round was […]
September 16th, 2025
Wamda

Duaya acquires EXMGO in six-figure deal, relaunches as Duaya Go

Press release: Duaya, a leading digital transformation company in the healthcare sector, acquired EXMGO, a provider of SaaS solutions for pharmacies and medical businesses, in a […]
September 16th, 2025
Wamda

Fintologya arises $1 million seed to power GCC payment infrastructure

Press release: Fintologya, the Bahrain-based fintech infrastructure company, has secured USD 1 million in a seed funding round led by a Gulf holding company. This milestone […]
September 15th, 2025
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