Latest News Politics , Business , Finance , Technology , World News & Opinion & Tracking & Analysis.
TechCabal
Primary focus: Technology
When Rayda launched in 2023, it wanted to help businesses keep track of their assets. Three years later, it wants to manage everything that happens between an employee joining a company and leaving it.
Rather than lending itself, Klump provides the technology that connects borrowers with partner lenders, which assess applicants, fund the loans, and assume the credit risk.
If you own a Galaxy phone or tablet, this update brings new tools for your camera, your lock screen, your security settings, and more.
The startup joins other fintechs such as Grey, Flutterwave, and Raenest, which offer stablecoin-powered payment products that enable businesses to collect international payments, hold dollar balances, and pay suppliers across multiple markets, reflecting a broader shift in how fintechs are approaching cross-border commerce.
Speed is a competitive advantage in Nigeria's 2.1 billion digital lending market. Fintech lenders promise approvals in minutes, using automation to move borrowers from application to disbursement with as little friction as possible.
Unlike traditional credit decisions, where a loan officer can explain the factors that informed an outcome, AI-driven decisions are often based on proprietary models controlled entirely by the financial institution.
Long before Freddie Omany found himself helping move millions of mobile money transactions across Africa every day, Omany taught French. He translated documents. He worked in government communications. He chased unpaid invoices for Booking.com, adigital travel platform, across Francophone Africa. None of those jobs looked remotely connected at the time. Looking back, he insists they were all preparing him for the same thing.
Nigeria's ranking comes as governments globally race to establish governance frameworks that keep pace with rapid advances in artificial intelligence.
The shutdown comes as raising venture capital has become difficult for early-stage startups.
Meet Opeyemi Folorunsho, the Vice President of Research and Development (RD) at Moniepoint, where he focuses on translating deep technical ideas into systems that deliver real-world impact.
