In March 2021, Flutterwave, one of Nigeria’s Fintechs, raised a Series C funding of $170M, at a $1 billion valuation. Flutterwave became the second Fintech in Nigeria to reach a $1 billion valuation after Interswitch, which reached a $1billion valuation in 2019 when Visa acquired a 20% stake in the company.
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Open APIs: Why fintechs should also adopt common standards
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Cowrywise, Vbank, VerifyMe, SystemSpecs, Smile Identity and Carma join Open Banking Nigeria
As the Open Technology Foundation (OTF) continues to drive the adoption of Open Banking Standards in Nigeria through strategic partnerships with banks and fintechs in the country’s financial sector, more fintechs and banks have recently joined to further champion the Open Banking cause in Nigeria.
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