Africa’s digital financial services provider, Moniepoint Inc, has rolled out a transformative initiative, DreamDevs with its call for entries. This program seeks to nurture the continent’s brightest minds, equipping them with practical tech skills and invaluable real-world experience that will mitigate current challenges around tech talent sourcing in Africa. DreamDevs targets very recent graduates with…
The Corporate Affairs Commission (CAC) is exploring the deployment of Artificial Intelligence (AI) to perform routine operational tasks such as name reservation and even registration. Its Registrar-General, Hussaini Ishaq Magaji, disclosed this at the in House Enforcement and Compliance Training for state offices in Abuja, stating that the organogram of the Commission will be dismantled…
The Central Bank of Nigeria (CBN) slammed N1billion fine each on the country’s most prominent unicorns, Moniepoint and OPay during the second quarter (Q2) of this year, sources have said. While several other fintech companies were also penalized, the two firms were worst hit by the huge fine. The penalties followed a routine CBN audit…
Last month, start-ups in Africa raised over $250million in funding with Nigeria leading the pack with megabucks coming to Moniepoint and Yellow Card. According to a report entitled: Africa: The Big Deal, 42 start-ups on the continent announced a total of $254million in funding plus over $100, 000 in equity, debt and grants excluding exits….
Nigeria based fintech Moniepoint has raised $110 million in new funding from investors including Google to scale up digital payments and banking solutions across Africa, the company has said. Sources close to the transaction said the new funding valued Moniepoint above $1 billion, giving it “unicorn” status – a term for privately-owned business valued at…
