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Top News In Vella Finance Today - Breaking & Trending Today

Nigeria leads as African startups raised $217m in February

After experiencing a sluggish January, African startups witnessed a significant surge in funding in February 2024 with Nigeria topping the fundraisers. ....

South Africa , Big Deal , Vella Finance , Big Four ,

Nigerian digital bank FairMoney in talks to buy Umba in $20M all-stock deal, sources say

FairMoney, a digital bank based in Lagos and headquartered in Paris, is in discussions to acquire Umba, a credit-led digital bank providing payroll and financial services to customers in Nigeria and Kenya, in a $20 million all-stock deal, sources tell TechCrunch. But it also underscores the challenges facing fintechs in Africa amid a challenging market for startups globally: a $20 million all-share deal would be roughly equivalent to the amount Umba raised from outside investors. ....

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Next Wave: What's driving M&A deals in Africa?

Nigerian startups announced more M&A deals, seeking more lifelines for their tech-led businesses, as funding declined to a two year low ....

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Report: FairMoney Looking to Acquire Umba, Expand in Kenya

FairMoney, a digital bank based in Lagos and headquartered in Paris, is reportedly in talks to acquire Umba, a digital bank operating in Nigeria and Kenya. ....

San Francisco , United States , France General , Tiernan Kennedy , African Fintech , Vella Finance ,

BUSINESS ROUNDUP: Fuel scarcity looms; S'Court voids AMCON takeover of Lagos Hotel; Other stories

BUSINESS ROUNDUP: Fuel scarcity looms; S'Court voids AMCON takeover of Lagos Hotel; Other stories
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