Read the latest positive news, breakthroughs, and inspiring stories about payments technology, curated daily by BrightWire.
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.
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.