Helping emerging enterprises and individual borrowers access reliable credit is good business. When your model also helps banks guarantee recurring returns, chances are you’ll get business requests from various zip codes. That’s the two-sentence synopsis of Migo’s expansion from a money lending startup with an office in Lagos and registered in San Mateo, California, to […]
Migo, the credit startup formerly known as Mines, has raised $20m in a Series B round which will now see it expand to Brazil. The company’s move into the south American country is motivated by similarities in market opportunity with Nigeria, says Adia Sowho, Migo’s vice president for Growth, in a call with TechCabal. Brazil’s […]
Don’t fight it: earning solely in naira is a drag on your aspirations to be a billionaire. A currency that doesn’t massively slack under unpredictable political pressure is an essential store for your value. In general, more productive economies provide greater value for investment. To build wealth in the long-term, therefore, you should want part […]
We arrive Uyo on Monday, October 28, at the small Akwa Ibom Airport where we attempt to hail a Bolt ride unsuccessfully. It is my first time in Uyo. In an airport taxi, as we make our way to our hotel in Itu, the driver explains why Bolts are unavailable at the airport. The taxis […]
For many young Nigerians and business owners, fintechs have made payments easier, lending quicker and wealth management more relatable. Collaborating with and competing against traditional financial institutions, relatively new companies like Paystack, Piggyvest and kwikmoney have experienced impressive user adoption, propelling financial inclusion at a rate arguably faster than at any other time in the […]
They’re everywhere, green and hard to miss. You’ve probably used one of their services or perhaps you haven’t. Not just yet. But you’ve heard of them and seen their billboards around town. OPay landed quietly in Nigeria in 2018 as a payments solution but has since gained name recognition with its ubiquitous bike-hailing service. What […]