Fintech companies have been pivotal in fundraising for the #EndSARS protests currently ongoing across Nigeria. Two payment links, one set up by Flutterwave and another by a social advocacy platform called Feminist Coalition have been the two most prominent crowdfunding links since the protests started on Wednesday, October 7. Around 11am this morning, the group […]
Dare Adekoya and his team of six want to create a fun community around requesting and sending money in Africa. Abeg, their mobile app with a purple and green-colored interface, taps into the cultural sensibilities of one of the most popular words in the Nigerian lexicon. Every Nigerian you know says “Abeg” when asking favours […]
In the days before smartphones, the relationship between banks and technology companies in Nigeria used to be that the latter built platforms while the former offered services. Companies like Interswitch and Systemspecs are forerunners of today’s fintech boom, helping banks receive payments and extend services across platforms in the first decade of the 2000’s. Today, […]
Eversend allows you send money across African countries, but it wants to be known for more than that.
The company’s CEO shares their ambitions to become an African neobank
The BackEnd explores the product development process in African tech. We take you into the minds of those who conceived, designed and built the product; highlighting product uniqueness, user behaviour assumptions and challenges during the product cycle. — Ever wondered why two digital products offering the exact same services go off on two wildly different […]
Will it stifle innovation? Nigeria’s Central Bank’s draft regulations for a sandbox for fintechs is a familiar mix of flexibility and rigidity