PalmPay to expand to 4 African markets after processing 1.35 bn transactions in Q1
Given that PalmPay offers up to 22% annual interest on its wealth wallet, a ₦4 billion interest payout in 2024
All posts by Muktar Oladunmade
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Muktar Oladunmade
08:24
Fisayo Durojaye wants investors to better differentiate a scalable idea from an empty one
Fisayo Durojaye has invested in three Nigerian startups: Oneport 365 (exited), Shuttlers, and Homefort, but his advice for other angels
Muktar Oladunmade
21:24
“Most African companies don’t need VC” – Launch Africa’s Uwem Uwemakpan
“Equity is the most expensive form of capital and for most founders on the continent, it’s not what they need.
Muktar Oladunmade
22:22
Ask an Investor: With $100,000 per startup, Antler VC enters Nigeria to back startup ideas
Antler will invest $100,000 for a 10% stake in any Nigerian portfolio company and double down on a few startups
Muktar Oladunmade
20:21
Multichoice hikes DStv and GOtv for the second time in a year as part of “inflationary pricing”
DStv and GOtv are increasing subscription prices by at least 20%, marking the second price hike in a year. The
Muktar Oladunmade
22:22
Jumia’s share price falls 28% after tepid 2024 performance
Jumia’s share price declined from $3.88 to $2.82, slashing its market capitalisation to $285.2 million—down from $1.3 billion in Q3
Muktar Oladunmade
20:20
Lemfi completes acquisition of Irish currency exchange Bureau Buttercrane; begins European march
Lemfi has acquired the Irish currency exchange platform Bureau Buttercrane, marking a key step in its European expansion...
Muktar Oladunmade
16:21
Lemfi raises $53 million Series B round, acquires European firm
Lemfi has raised a $53 million Series B round and acquired an Irish company as it deepens its presence in
Muktar Oladunmade
23:21
Palmpay integrates with Jumia to allow customers pay online from their accounts
Palmpay, a Chinese-backed fintech app, has entered into a strategic partnership with Jumia to allow Palmpay customers pay for products
Muktar Oladunmade
23:22
“They just show up and look at our books,”fintech executives reveal stricter CBN compliance checks
After an April ban on onboarding new customers, the central bank increased the frequency of impromptu inspections on the offices
