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In November 2019, Moniepoint received a switching license from the Central Bank of Nigeria. [4] [5] In 2021, the company announced an undisclosed capital in a Series B Funding round led by Novastar Ventures. It also fundraised the $50 million in pre-series C funding led by QED investors. [6]
Opay was formerly known as Paycom Nigeria limited. It was established in 2013, and licensed by the Central Bank of Nigeria in 2018. [3] It was insured by the Nigeria Deposit Insurance Corporation. In May 2019, Opay launched its Point of sale service, which was mostly dominant in Nigeria during the naira cash strike. In November 2021 Olu Akanmu ...
Banking software is used by millions of users across hundreds or thousands of branches. This means that the software must be managed on many machines even in a small bank. The core banking system is a major investment for retail banks and maintaining and managing the system can represent a large part of the cost of running a bank.
With banks, presenting a series of transactions as statements is all these businesses require. Nigeria's Prospa gets $3.8M pre-seed to offer small businesses banking and software services Skip to ...
Paystack was founded in 2015 by Shola Akinlade and Ezra Olubi, who met at Babcock University and worked in banking and IT before founding Paystack. [3] [4] In November 2015, it was accepted by the startup accelerator Y Combinator. [5]
The Anglo-Egyptian Bank and the National Bank of South Africa gave birth to Barclays Bank in Nigeria. In 1948, the British and French Bank for Commerce and Industry started operations in Nigeria, which metamorphosed into the United Bank for Africa. [3] The first domestic bank In Nigeria was established in 1929 and called the Industrial and ...
Kuda, also known as Kuda Technologies Limited, is a Microfinance Bank and fintech company operating in Nigeria and the UK. It was founded by Babs Ogundeyi and Musty Mustapha in 2019. [1] [2] [3] The company initially begun as Kudimoney, or "the bank of the free", an online-only savings and lending platform.
CR2 is an Irish-owned banking software company which provides mobile, internet and ATM financial service technology to more than 100 retail banks across Africa, the Middle East and Asia. [1] [2] Headquartered in Dublin, Ireland, [3] [4] the company has offices in Dubai, London, Cairo, Amman, Bengaluru, Lagos, Johannesburg, Singapore and Perth. [5]