Happy Pay, which was established in 2023, has quickly gained traction with its Buy Now, Pay Later (BNPL) service, amassing 150,000 active users in just over a year.
Founded in 2010 by Ben Lyon and Dylan Higgins, Kopo Kopo has been at the forefront of Kenya’s fintech space, helping over 20,000 businesses adopt mobile payment solutions.
Under the updated rules, companies must now seek the FRA’s approval if their mergers or acquisitions result in controlling more than 10% of the market.
The platform offers users a streamlined approach to handling essential expenses such as insurance premiums, education fees, cooperative contributions, bills, and rentals.
The new directive, detailed in a circular issued by the Central Bank of Nigeria, requires that businesses using PoS terminals for electronic payments must route their transactions exclusively through either NIBSS or Unified Payment Services Limited (UPSL).
Togo’s Mobile Money market is witnessing robust growth. In the first quarter of 2024, total transaction value reached 917 billion FCFA (approximately $1.54 billion), reflecting a 3% increase over the previous quarter.
The platform allows users to sell products without any initial financial outlay. With just a few clicks, users can select items, set their own profit margins, and share products directly on social media platforms.
Sultan Ventures, a Hawaii-based firm with over 15 years of experience in venture building and startup acceleration, is no stranger to high-stakes innovation.
Through its digital infrastructure, Pumpkn aims to make financing more accessible and affordable, lowering the costs for both borrowers and lenders. Farmers and food processors can apply for loans ranging from R5,000 to R5 million and receive funding within 10 days — an expedited process compared to traditional banking channels.
For a startup that once promised to rewire fast-moving consumer goods distribution across southwest Nigeria, the footage has drawn renewed attention to mounting questions about the company’s viability.
