Industry: fintech
Sentiment: Positive
Total Articles: 3
Last Article: 2025-09-17 21:16:03+00:00
Nigerian fintech company Cardtonic has launched a Virtual Dollar Card (VDC) in early 2024, which is proving to be a significant innovation in Nigeria's fintech ecosystem. The VDC allows users to make secure international online payments and has gained strong adoption due to its speed, security, and ease of use.
A lawsuit has been filed by Patrick Sikalinda claiming co-founder status and 33% equity in Union54, now operating as ChitChat. The company disputes these claims, describing Sikalinda as a subcontractor. The dispute centers around the origins and ownership of the once-promising African card-issuing API startup.
Visa has made a strategic investment in Moniepoint, an African fintech platform. The partnership aims to support SMEs and drive financial inclusion across Africa, with plans to introduce contactless payments and expand into new markets.