Browsing Tag
banking
22 posts
Eyowo To Shut Down Operations Tuesday, June 27; Lay Off Most Employees
Nigerian online banking platform, Eyowo, has announced that it will be shutting down its operations on Tuesday, June…
US Banking System Experiences Withdrawals Of Up To $100 Billion In Recent Days
According to new data from the Federal Reserve, bank customers recently pulled nearly $100 billion in deposits, with…
Flutterwave Is Valued At Over $3b But Is It Really Worth More Than Top Nigerian Banks ?
Flutterwave became the most valued African startup this month after raising $250 million in a Series D financing…
France’s Business Banking Startup Qonto Raises $552 Million At A Valuation Of $5 Billion
Qonto, a French business banking startup has raised $552 million (€486 million) in a Series D funding round,…
UK Digital-only Bank Monzo Withdraws Its U.S. Banking License Application
UK-based fintech startup Monzo has withdrawn its application for a banking license in the U.S. The digital-only bank’s…
Nigerian Startup Prospa Raises $3.8 Million In Pre-seed Round, Will Offer Banking And Software Services To Small Businesses
Nigerian startup Prospa has raised $3.8 million in a pre-seed round. The funding round comes a few months…
UK’s Revolut Is Seeking A Banking License To Operate In Australia
Digital banking company Revolut wants to acquire a banking license in Australia and is already in talks with…
Kuda Is Now Nigeria’s 7th Most Valuable Bank After A $500m Valuation
Nigeria’s digital bank Kuda has become the 7th most valuable bank in Nigeria after its Series B round…
NIBSS Instant Payments (NIP) Transactions Hit N20tn In May
According to the Nigeria Inter-Bank Settlement System (NIBSS), in the month of May alone, Nigerians transacted over N20…
Bank of America Tops Estimates With Revenue Of $22.9b, Crypto In View
On Thursday, Bank of America reported a profit of $8.1 billion and revenue of $22.9 billion for first…