Here’s the Racksterly story: a ponzi scheme that grew quietly on Facebook during the last half of 2019. It collapsed in January after Flutterwave and Paystack blocked it from accepting payments from subscribers.
The bike hailing innovation is not unique to Lagos. The service originated from Southeast Asia, an emerging market that shares many characteristics with Lagos and Nigeria. In this region, bike hailing faces similar regulatory challenges. But things are more progressive.
There are three things I never joke with: God, family and Lagos traffic. I dread the Lagos traffic. But I would have thought that in the face of innovation and modernisation, traffic in Lagos wouldn’t get any worse. I was wrong.
Gokada has partnered with Jumia to fulfil deliveries for Jumia Food. Some bikers have been cited since last weekend with delivery boxes branded as “Jumia Food.”
As PalmPay exited beta stage, it made a splashy entrance into the Nigerian fintech space with its funding news. What is its plan for the Nigerian market?
Nigerian fintech, Aella Credit has raised a new round of funding as it plans to scale its financial solutions. The microlending company announced a $10 million debt funding from Singapore-based HQ Financial Group (HQF).