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A Uganda Financial Technology (Fintech) firm has partnered with Ethiopia’s Awash Bank in a deal that will enable about 12 million customers access microloans. In a statement released at the weekend, Mr Joseph Kiiza Ndiho, the Service Cops executive chairman, said the partnership was testimony to innovativeness, noting that customers today “want great service and […]
Flutterwave, the African fintech unicorn has denied being hacked after reports emerged that hackers had stolen $4 million from Flutterwave bills in Nigeria. The company stated that it recognized an uncommon fashion of transactions on some customers’ profiles. But, no user misplaced any budget, and Flutterwave’s security measures addressed the issue before any damage can […]
According to local tech publication Techpoint Africa, Flutterwave, the largest startup in Africa by private valuation, was involved in a hack last month. It left more than 2.9 billion (about $4.2 million) missing from its accounts. In 63 transactions in early February, unidentified actors transferred the money among 28 accounts, according to documents seen by […]
MTN Rwanda’s fintech MoMo services outshine other businesses in the fiscal period closing in December 2022. MTN Rwanda reported full-year performance today, revealing that in 2022, it increased network investments to expand coverage and capacity, rolled out 120 sites, and achieved a 98.7% population coverage. In the year, fintech services outshined other business segments, recording […]
