Tingo news and trends

Nigeria’s Tingo CEO Fined $250 Million Over ‘Fabricated’ FinTechs

September 02, 2024
Visa and Tingo Debut Super App for Africa’s Farmers
Financial Inclusion // February 14, 2023

Nigerian Agri-FinTech company Tingo has teamed with Visa to launch digital payment offerings in Africa. The partnership, announced in a Tuesday (Feb. 14) news release, is aimed at Africa’s agricultural sector and comes amid a wave of investment by Visa in the region. It includes...

Today in B2B: FIs Work to Give Corporate Clients Centralized Financial View; BlueTape Virtual Card...
B2B Payments // May 13, 2022

Today in B2B payments, AP automation is making a big difference in the construction industry, while Sage acquires Futrli to help SMBs and accountants manage their finances. Plus, the increasing reliance on the cloud puts more focus on digital identities, and Nigerian FinTech Tingo merges...

EMEA Daily: New EU Cybercrime Rules, Tingo’s $900M Merger
emea // May 13, 2022

In today’s top Europe, Middle East and Africa (EMEA) news, the European Parliament, the Council of the European Union and the European member states approve legislation aimed at lowering the threat of cyber attacks. Also, Nigerian agri-FinTech Tingo merges with MICT in a deal worth...

Nigerian FinTech Tingo Announces $900M Merger With MICT
Mena // May 13, 2022

Nigerian agri-FinTech company Tingo is set to merge with Nasdaq-listed financial services provider MICT in a deal expected to generate $900 million in yearly revenue and help the companies expand across the African and Asian markets. According to a Tuesday (May 10) news release, the...

Quick Reads
Nigeria’s Tingo CEO Fined $250 Million Over ‘Fabricated’ FinTechs

September 02, 2024
A federal court has fined Nigerian businessman Dozy Mmobuosi $250 million following a fraud investigation. The court order — issued last week and the subject of a report Sunday (Sept. 1) by the Financial Times (FT) — also bars Mmobuosi from serving as a director of a public company.  The ruling follows charges last year […]

Visa and Tingo Debut Super App for Africa’s Farmers

February 14, 2023
Nigerian Agri-FinTech company Tingo has teamed with Visa to launch digital payment offerings in Africa. The partnership, announced in a Tuesday (Feb. 14) news release, is aimed at Africa’s agricultural...

Nigerian FinTech Tingo Seeks $500M in Expansion Funds, Eyes 2022 IPO

February 21, 2022
Tingo, a Nigerian FinTech focusing on agriculture, is looking to raise $500 million to expand across Africa, Bloomberg reported Monday (Feb. 21). According to CEO Dozy Mmbuosi, Tingo is raising...