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Ghana’s AI-powered Banking App: Budget, Save, Invest

Startups

July 7, 2021, 1:18 p.m.

Concurrently, the app will inculcate the habit of budgeting, saving, and investing into the youth. With Kakraba, users can experience virtual assistant experiences and perform transactions from the comfort of their homes.

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Fintech Platform Layer Allies With UBA To Foster Digital Transformation In Kenya

Fintech

June 16, 2021, 11:18 a.m.

The coalition will add 18 million users across 25 different countries to Layer’s platform. At the same time, UBA will provide banking services in different jurisdictions from one central platform without altering core banking systems.

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Nigerian Fintech Of The Unbanked Bankly Raises $2M Led By Vault

Startups

March 25, 2021, 4:29 a.m.

Today, Bankly, a Nigerian fintech startup digitizing cash for the unbanked, announced that it has closed a $2 million seed round. Founded by Tomilola Adejana and Fredrick Adams in 2018, Bankly is digitizing the informal thrift collections system known with different names such as esusu or ajo in Nigeria.

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Loanspot Nigeria Launches Its Digital Loan Products

Fintech News Startups

Feb. 9, 2021, 12:30 p.m.

Loanspot, Nigeria’s leading credit and loans content platform that focuses on consistent education and information on loans and the credit industry has launched.

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CBN Explains Why It Banned Banks From Dealing With Cryptocurrencies

Blockchain Fintech News

Feb. 8, 2021, 10:37 a.m.

“As regards our recent policy pronouncement, it is important to clarify that the CBN circular of February 5, 2021, did not place any new restrictions on cryptocurrencies, given that all banks in the country had earlier been forbidden, through CBN’s circular dated January 12, 2017, not to use, hold, trade and/or transact in cryptocurrencies,” it stated.

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The Central Bank Of Nigeria Bans All Cryptocurrency Trade

Blockchain Fintech News

Feb. 8, 2021, 10:24 a.m.

The Central Bank of Nigeria (CBN) has prohibited all financial institutions in the country from operating in cryptocurrencies claiming that the digital currency is used for money laundering and terrorism.

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