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CrowdForce raises $3.6M to increase access to cash for underserved communities in Nigeria

TechCrunch

Nigeria has an average of 4.8 Reports also say that less than one-third of Nigerian adults have access to a bank branch or ATM within one kilometer of where they live. This challenge in accessing financial services, especially for the unbanked and underbanked, has given rise to agency banking. “The

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Twitter blocked in Nigeria after deleting a tweet by its president

The Verge

Twitter is suspended “indefinitely” in Nigeria, “for the persistent use of the platform for activities that are capable of undermining Nigeria’s corporate existence,” according to a statement ( threaded on Twitter ) from the country’s minister of information and culture. We are deeply concerned by the blocking of Twitter in Nigeria.

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Earnipay raises $4M to help employees in Nigeria get faster access to their salaries

TechCrunch

Earnipay , a fintech that provides flexible and on-demand salary access to income-earners, has raised $4 million in seed financing led by early-stage venture capital firm Canaan. A few individual businesses have sought to tackle this problem internally and allow employees to access their daily salaries as they work for it. 250 ($0.5)

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FSD Africa expands insurtech accelerator program to Ghana and Nigeria

TechCrunch

FSD Africa is set to launch insurtech accelerator programs in Ghana and Nigeria next year to promote innovations that will drive the uptake of insurance in the two markets and beyond. We are planning to launch the BimaLab Insurtech Accelerator Program in Ghana and Nigeria.” funded Financial Sector Deepening (FSD) Africa.

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Fintech Farm nabs $7.4M to launch neobanks in Nigeria and other emerging markets

TechCrunch

And in the next two years, Fintech Farm plans to enter eight emerging markets spread across Africa and Asia, the first of which is Nigeria. “We Meanwhile, despite its original plan to use partner banks, Fintech Farm has done the opposite in Nigeria so far. Right now, the company says it has gotten a “co-operative license.”

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Meta-funded program teaches tweens about online exploitation

Mashable Tech

Adults can access the educational materials for free. Last year, the company removed at least 63,000 Instagram accounts in Nigeria that attempted to financially extort victims. The content offers videos, scripted lesson plans, and interactive classroom activities.

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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

India, with 32 startups, is the second-largest demographic represented in the new batch, while Nigeria is third, having delivered 18 startups. Location : Lagos, Nigeria. Location : Lagos, Nigeria. Location : Lagos, Nigeria. Location : Lagos, Nigeria. pre-seed to build financial OS for B2B companies in Nigeria.

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