In today’s news from Europe, the Middle East and Africa (EMEA), cross-border payments company LianLian expands its services to merchants in the U.K., and FinTech-focused venture capital firm QED Investors makes its African debut, leading a funding round for Nigeria’s TeamApt. LianLian Global Brings Financing...
TeamApt, a Nigerian business payments and banking platform, has just closed a financing round that includes investments from the FinTech specialist venture capital firm QED Investors, TeamApt announced Wednesday (Aug. 10). In a press release emailed to PYMNTS, CEO Tosin Eniolorunda said that “with this...
When it comes to tackling poverty and improving the quality of life of the world’s poor and excluded communities, the concept of financial inclusion has been used by governments, nongovernmental organizations (NGOs) and businesses as an index of people’s ability to access banking services and...
Nigeria’s current financial system can be tough to navigate for millions of merchants who live in remote communities and have no access to reliable banking solutions. The lack of a strong banking system is why agency banking has gained popularity in the West African nation,...
November 10, 2022
Card payments, as ubiquitous as they may appear, are actually not the preferred payment method in certain markets. Take the case of Nigeria, for example. According to Lagos FinTech firm TeamApt, account transfers represented over 80% of all business transactions in August 2022, compared to a meager 18% for card payments. This, according to Felix […]
April 19, 2022
Nigeria’s current financial system can be tough to navigate for millions of merchants who live in remote communities and have no access to reliable banking solutions. The lack of a...
August 10, 2022
TeamApt, a Nigerian business payments and banking platform, has just closed a financing round that includes investments from the FinTech specialist venture capital firm QED Investors, TeamApt announced Wednesday (Aug. 10). In a press release emailed to PYMNTS, CEO Tosin Eniolorunda said that “with this financing round, TeamApt is widening our credit offerings. QED’s investment […]
