Nigeria’s Flutterwave seals partnership deal with American Fintech PayPal. 2 other things and a trivia


These latest stories from the tech space will keep you updated with trends today.

1. Nigeria’s Flutterwave seals partnership with American Fintech PayPal

In a bid to make receiving and sending of money possible on PayPal for Africans, Nigeria’sFlutterwave has sealed a new deal with the American Fintech giant.

Before now, businesses in some African countries have faced a major challenge trying to receive money from PayPal.

Reports noted that via the new partnership, African businesses can connect with more than 377 million PayPal accounts globally and overcome the challenges presented by the highly fragmented and complex payment and banking infrastructure on the continent.

READ ALSO: Flutterwave hits “unicorn” status after raising $170m from investors. 2 other things and a trivia

Speaking on the development, CEO Olugbenga Agboola noted that the solution will be implemented via a Flutterwave integration with PayPal so merchants can add PayPal as a payment option when receiving money outside the continent.

According to the CEO, the service, which is already available for merchants with registered business accounts on Flutterwave, will be operational across 50 African countries and worldwide.

Tech Trivia: …is the first television station to launch regular and permanent colour broadcast in Africa.

A. Al-Jazeera TV
D. BBC Africa
Answer: See end of post.

2. Epos Now launches venture in Africa with Nigeria

Fintech startup Epos Now has entered Africa, launching its financial services venture in Nigeria.

The move, which is considered as part of its wider internationalisation and growth strategy, will see the firm add to its network of venture markets.

Epos Now is a global software and payments technology company, supporting over 35,000 retail and hospitality locations across 71 countries.

Launching its cloud point of sale (POS) solution in Nigeria, the development makes Nigeria the firm’s first entry into the African market.

Reports reveal that the move followed a period in which Epos Now enjoyed rapid international growth, driven by expansions into Australia Canada, New Zealand, Ireland, Spain and Latin America.

3. Y Combinatory accepts two Egyptian Fintech startups into accelerator programme

Silicon Valley-based Y Combinator accelerator, has accepted two Egyptian fintech startups Dayra and NowPay into its programme.

The Y Combinator Winter 2021 batch sees selected startups receive US$125,000 in seed funding as well as further investment opportunities at a demo day.

Earlier, Ripples Nigeria had reported the acceptance of Nigerian Fintech startup, Mono, into the silicon-valley based accelerator.

Also, part of the latest Y Combinator cohort, and on the fundraising trail, is NowPay, a financial wellness platform for emerging markets.

NowPay operates as a startup that allows employees to access their salary at any point during the month.

Tech Trivia Answer: BPTV

Benue-Plateau Television Corporation (BPTV) was established in 1974 with headquarters in Jos. It was the first television station to launch regular/permanent colour broadcasts in Africa. The colour test transmissions began on 1 October 1975.

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