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Issue 168
Apr 10 - Apr 23, 2023

Hi there,

Supporting Man United is a risky endeavour these days. While we’re still on the rise and winning games, our key players have been hit with injuries at a critical point in our race to win one more title and finish in the top 4 of the EPL. As a United fan, you learn not to hope too much or confuse the promise of victory for victory itself. As the season comes to an end, all we can really do is hope for at least a UCL spot next season.

Stay safe, and have a great week!

Tochukwu Ironsi
Market Intelligence Specialist
NigeriaOurPass expands to business banking. OurPass, a Nigerian payments company which previously offered one-click checkout solutions to e-commerce businesses, has expanded to providing banking services to merchants. In addition to payment tools like POS terminals and payment links, the fintech now offers bank accounts and loans to businesses. TechCabal
AfricaMoods of African financial industry. Deloitte published The Africa Financial Industry Barometer, their report featuring a detailed survey of leaders in financial institutions across Africa. The report states that leaders in African financial institutions are confident about favourable economic conditions and are increasingly open to collaborations with fintechs. Deloitte
GlobalThe state of global fintech funding so far. FTPartners has released a detailed report of fintech investments into private companies for the first quarter of 2023. Fintech funding in Q1 2023 was $17.7 billion, a 53% increase from the previous quarter. FTPartners
AfricaYellow Card launches payments APIs for businesses. Yellow Card, a leading African crypto exchange and payments company, has launched its new payments API for businesses. Businesses can now accept and transfer fiat currency to and from local payment channels using the Yellow Card API. Yellow Card
NigeriaLazerpay shuts down. Lazerpay, a Nigerian payments company which offered crypto-powered payment solutions to businesses, has shut down its operations. According to Founder, Emmanuel Njoku, this comes after the company was unable to secure the follow-on funding needed to stay afloat. Disrupt Africa
KenyaFonbnk partners with Tanda to expand its crypto and airtime exchange platform. Fonbnk, a Kenyan cryptocurrency company that enables customers to swap mobile airtime for cryptocurrencies, has partnered with Tanda, an agent network. With this partnership, Tanda agents will be able to buy and sell airtime on Fonbnk’s platform. TechCabal
KenyaWorldcoin expands into Kenya. Worldcoin, a blockchain-based digital identity and cryptocurrency platform, has launched operations in Kenya. The expansion will involve partnering with local organizations to offer education on cryptocurrency and introducing a P2P cryptocurrency exchange. Mariblock
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