Read the latest positive news, breakthroughs, and inspiring stories about fintech, curated daily by BrightWire.
Cross-border trade between African countries hit $220.3 billion in 2024, growing 12.4% in a year. Now tech and finance leaders are mapping out solutions to make buying and selling across the continent as easy as shopping at home.
Nigeria just rolled out a cutting-edge payment platform that puts the country in control of its own financial infrastructure. The best part? They built it using open-source technology that lets them customize and grow without waiting on outside vendors.
Emmanuel Obiechina learned the hard way that building software is easy compared to building a business. Now he's banking on a radical idea: helping people send money without ever leaving their chat app.
Millions of Nigerians can now pay for meals with just a tap of their phone at Chicken Republic locations. The country's largest quick-service restaurant chain is making contactless payments accessible to everyday customers.
Two entrepreneurs turned their frustrating experiences traveling on Nigerian passports into Timon, a multi-currency travel card now serving over 100,000 users across 16 African countries. Their journey shows how personal challenges can spark solutions that help entire communities.
Five months after running out of money and shutting down, Nigerian payments startup Chimoney just got acquired and is back in business. Every investor got paid back in full, and the company is now processing payments again under new ownership.
After years of financial instability, Nigeria's new economic reforms are passing real-world stress tests and attracting serious international attention. At a major Singapore summit this week, global investors heard why Africa's largest economy is becoming a safer bet.
African remote workers earning international income often can't prove their earnings to banks, blocking them from basic services like renting apartments or opening accounts. A new payroll platform called Bloccpay now gives them official pay slips that banks actually accept.
Cowrywise processed 1 million stock trades in just one year as young Nigerians embrace digital investing. The app's average user is 28, part of a movement making the stock market accessible to everyday investors.
A broken wooden savings box inspired three 20-somethings to create PiggyVest, Nigeria's digital savings platform that's now helped millions build financial security. What started as a side project in 2016 has returned over $2.3 billion to savers across Africa.
A Kenyan startup just raised $500,000 to help African businesses pay suppliers anywhere in the world as easily as they pay vendors down the street. Cloud9 is turning cross-border payments into something as simple as mobile money.
Four South African entrepreneurs spent a year convincing just one bank to trust them with an idea that seemed simple: let small businesses accept card payments as easily as big companies do. Today, Yoco serves 200,000 small businesses that the traditional banking system left behind.