Wael Hammad, Chief Commercial Officer (CCO) at XS.com, said: With a wealth of expertise gained over numerous years in the finance and FinTech industries, along with an established history of accomplishments, I have full confidence that Sixtus will offer a unique viewpoint and innovative concepts. I eagerly anticipate collaborating closely with him to sustain our…
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Richmond Bassey, CEO and Co-founder of Bamboo, said: We are thrilled to reach this important milestone and are fully committed to our obligations as a registered digital broker. We are grateful for our collaboration with the SEC, which has shown its dedication to protect investors while allowing for innovation to flourish. Bamboo’s license ensures oversight…
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Zhao further outlined in his letter the importance of user security and confirmed the company’s devotion to its Nigerian community. Zhao said: Protection mechanisms such as KYC, anti-money laundering measures, collaboration with law enforcement, and account restrictions are in place to ensure our community remains protected and that fraudulent activity is prevented. This is a…
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Bundle also supports a range of deposit methods such as credit cards, bank transfers and mobile money, a widely used cash storing method in Africa. Founder, Yele Bademosi said: We built Bundle with the digitally native African user in mind. They are social, online, and connected across geographical boundaries. They prefer their financial services delivered…
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Africa is believed to be the next great destination for blockchain and cryptocurrencies. The latest example of this trend coming up quickly in 2020 is a crypto startup that provides wifi hotspot services in Nigeria. The company has won funding from Africa's telecom regulator. The grant is for 2 million naira (around $5,500) and it…
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The fintech industry in Nigeria is becoming more popular and startups are capitalizing on the trend. Migo, a Nigerian fintech startup is a company that focuses on offering credit-as-a-service to big companies. Migo has recently raised a Series B round of $20 million - a round that was led by Valor Capital Group, a Brazil-focused…
Read moreAs part of his remit to tackle corruption and financial crime in Nigeria, the country's president Muhammadu Buhari has issued proceedings against six central bank officials and sixteen private bankers for embezzling $40 million by recirculating decommissioned Naira bills
Read moreThe Kenyan government has closed down several foreign currency transfer businesses, providing another obstacle to transferring funds to and from firms abroad
Read moreNigeria is an emerging market which has spurred interest from many FX firms, but is hampered by difficulties in cross-border payments. Many Nigerians have found a solution
Read moreChazon CTA operated from a PO Box address, and its principal had links with the US, Britain and Nigeria. The Master Fund's net asset value dropped significantly, from about $1.6 million in 2011 to about $125,000 in March 2014, mainly due to trading losses
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