The company is currently valued at $2 billion after raising $400 million led by Japanese-based venture capital finance vehicle Softbank Vision Fund 2, managed by Softbank. Akanmu’s appointment is likely to strengthen the company’s retail banking offering in the Nigerian market
There may be more banking agents in Nigeria today than there have ever been, but the country lags its peers in West Africa in terms of mobile money growth.
Ghana, Ivory Coast, and Senegal are doing much better than the most populated country in Africa in reaching millions of citizens that do not
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