MTN Nigeria subsidiary, Momo Payment Service Bank Limited lost N22.3 billion following a security breach on the fintech’s system, which forced the company to shutdown operation temporarily.
The incident occurred on May 24, 2022, after Momo PSB processed 700,000 transactions, sending proceeds into about 8,000 third party accounts domiciled in 18 banks. Efforts to retrieve the fund has now…
Nigeria-based talent solution startup, MyPayJobs, has launched venture to connect indigenous talents to jobs online.
The Co-founder and CEO, Samuel Okechukwu Mathew, on Wednesday, confirmed the development in a statement made available to Ripples Nigeria.
MyPayJobs, which…
As more African startups spring up to solve the myriad of problems on the continent, the issue of interoperability emerges. Fintech users, for example, want to complete transactions seamlessly without cycling through numerous options, and Thepeer believes it can solve…
Netflix has announced another round of job cuts as it grapples with slowing growth and increased competition.
The streaming giant said it was cutting 300 more jobs – roughly 4% of its workforce – mostly in the US, this after axing 150 people in May.
The latest round of job slashes comes after the company reported its first subscriber loss in more than a decade in April.
Netflix is exploring an…
Afropolitan Funded By Eche Emole and Chika Uwazie Raised $2.1 million pre-seed
June 22, 2022
Afropolitan, a community-as-a-service company for the African diaspora, has raised $2.1 million in pre-seed.
VCs who participated include Hashed, Atlantica Ventures, Microtraction, Cultur3 Capital, and other unnamed investors.
The round also saw some angel investors…
Nigerian health tech startup, Healthtracka, has raised $1.5 million in a seed funding round led by Hustle Fund and Ingressive Captial. Other participants in Healthtracka’s $1.5 million seed funding round include Flying Doctors and Alumni Angels Alliance
Co-founded by…
Foremost e-commerce platform startup, providing easy business management for SMEs: Bumpa, has joined with Google in an initiative aimed at empowering Africa’s small and medium businesses in Nigeria, Ghana, Kenya and South Africa.
The Google Hustle Academy, seeks to provide MSMEs across Kenya, Nigeria, Ghana and South Africa with expert training on business strategy and development, digital…
The Central Bank of Nigeria (CBN) has granted an Approval in Principle (AIP) to fintech platform Fincra to operate as a Payment Solution Service Provider (PSSP) across the country.
In its commitment to promote strong and credible payment systems, CBN, in December 2020…
SplitCash Is Creating A World of Simple And Secure Shared Payments For Everyone
June 16, 2022
We all know what it is like to split a bill – from rent to groceries, a dinner with your friends, down to everyday living costs. Your mind quickly goes to payments for services like an Apple Music family plan, Spotify, or even Netflix. Splitting bills is more common than…
FundBae, Nigeria’s fastest-growing Savings and Investment platform, has just crossed a major milestone – 50,000 Users. FundBae is helping ordinary Nigerians build and preserve wealth through its value offerings; savings, investments and payment. It is steadily growing on Nigerians because of its flexibility and usefulness in helping Users build and sustain a savings habit. What’s more…