Faith Omoniyi

Nigeria, Nomad

Reporter at TechCabal

Following my curiosities | Reporter @TechCabal—please send scoops to [email protected].

Featured in: Favicon

techcabal.com

linkedin.com Favicon

medium.com Favicon

guardian.ng Favicon

thecable.ng Favicon

businessday.ng Favicon

dailytrust.com Favicon

icirnigeria.org Favicon

campusreporter.ng Favicon

anchor.fm

Articles

ğ¨ğ¿âğTechCabal DailyâMoniepoint's big payout

2 days ago | techcabal.com | Faith Omoniyi

Whatâs the fastest way to get rich (without ending up in handcuffs)? Try joining a startup early. Sure, you never really know which startup will succeed or fail. Just ask Ronald Wayne, the guy who sold his 10% stake in Apple for $800 back in 1976. Today, his stake would be worth a mind-boggling $350 billion. Ouch. But hereâs the real lesson: When Moniepoint closed its $110 million round, two employees cashed in big. One pocketed $850,000 (â¦1.3 billion) by selling two-thirds of their shares.
ğ¨ğ¿âğTechCabal Daily â dLocal to acquire Aza Finance

3 days ago | techcabal.com | Faith Omoniyi

After its first date with KopoKopo didnât quite go as planned, Nigerian fintech Moniepoint is giving Kenya another shotâthis time with Sumac Microfinance Bank. The Competition Authority of Kenya (CAK) has approved Moniepointâs bid to acquire a 78% stake in Sumac, potentially giving it a shortcut into one of Africaâs most competitive mobile payments markets valued at $67.3 billion (KES 8.7 trillion).
dLocal in talks to acquire Aza Finance to continue African march

4 days ago | techcabal.com | Faith Omoniyi

dLocal, the Latin American fintech unicorn that connects global merchants to emerging markets, is in talks to acquire Aza Finance (formerly BitPesa), a cross-border payments startup, as it continues its expansion into Africa. “We’re proud to announce our intention to acquire AZA Finance, a leading fintech specialising in cross-border payments and FX solutions in Africa, pending regulatory approval, dLocal wrote in a LinkedIn post on Tuesday.
ğ¨ğ¿âğTechCabal Daily â Access Bank completes NBK acquisition

5 days ago | techcabal.com | Faith Omoniyi

Equity Group’s CEO, James Mwangi, isn’t playing nice anymore. Sip on this real quick â: Kenya’s second-biggest bank by assets has fired over 1,200 employees in a brutal crackdown on fraud. What began on May 20 with 200 sackings has snowballed into a full-on purge. What triggered this purge? Turns out $15.4 million has quietly disappeared over the past two yearsâsome of it sneaking into offshore accounts, including a high-profile case in Abu Dhabi last year.
“We made zero revenue in our first three years”- Izesan! founder

1 week ago | techcabal.com | Faith Omoniyi

Few founders dare to take on the challenge of preserving Africa’s linguistic heritage. Anthony Otaigbe is one of them. When I first stumbled on Izesan!’s Instagram ad, I paused. Here was someone promising to do for African languages what Duolingo did for Spanish and French. Anthony Otaigbe, founder of edtech platform Izesan!, was one of the first founders I interviewed as a journalist for TechCabal.
Fincra secures a TPPP licence to process payments in South Africa

1 week ago | techcabal.com | Faith Omoniyi

Fincra, a payment infrastructure provider that serves remittance companies and businesses, has obtained a Third Party Payments Provider (TPPP) licence in South Africa, allowing the company to process key local payment methods including debit and credit card transactions, electronic funds transfers (EFTs), real-time clearing (RTC), and rapid payments.
African startups rethinking ride-hailing, credits, and banking

1 week ago | techcabal.com | Faith Omoniyi

Startups on Our Radar is a bi-weekly column that spotlights new startups across Africa taking unconventional approaches, filling fundamental gaps, and creating value in a way that feels fresh, focused, and meaningful. Know a startup we should feature next? Please nominate here. In our second edition, we featured 10 African startups opening markets, cutting CO₂, and seafarming no one’s talking about yet. If you missed it, catch up here. Expect the next dispatch on June 12, 2025.
CargoPlug wants to make it easier to ship goods from abroad

1 week ago | techcabal.com | Faith Omoniyi

In 2013, two Nigerian women—Kikelomo Fola-Ogunniya and Ujama Akpata—returned from university in the UK and came face-to-face with a problem that most diasporans know too well: shipping anything into Nigeria was slow, expensive, opaque, and deeply frustrating. The logistics experience was riddled with high fees, long delivery times, poor tracking, surprise customs charges, and no easy recourse when things went wrong.
What more money could have meant for MyFoodAngels

2 weeks ago | techcabal.com | Faith Omoniyi

In Day 1–1000, we follow founders through the raw, unfiltered journey of company-building: the early scrambles, the quiet breakthroughs, the painful pivots, and the milestones that shape what a business becomes. This goes live on Saturdays by 2 PM WAT. The acrid sting of rotten tomatoes. The musty gutters running behind stalls. The sharp tang of fresh vegetables packed in raffia baskets.
Carrot Credit raises $4.2 million seed to scale lending in Africa

2 weeks ago | techcabal.com | Faith Omoniyi

Carrot Credit, a Nigerian fintech that offers loans backed by digital investment assets like stocks, ETFs, and crypto, has raised $4.2 million in seed funding. The fintech will use the funding to scale its credit infrastructure across Africa, expand its team, and deepen integrations with digital investment platforms. MaC Venture Capital led the round, with participation from Partech Africa and Authentic Ventures.