Taxonomy

Africa

December 09, 2019

Why We Invested in the Financial Service Innovators Association (FSI): Accelerating Fintech Innovation in Nigeria

By Ameya Upadhyay and David Madden Fintech is booming in Africa right now. In 2018, a third of all venture capital invested in Africa went…

Brad Magrath

[How We Made It In Africa] The journey so far: Brad Magrath, co-founder, Zoona

Brad Magrath is the co-founder and CEO of Zoona, a financial services company that offers money transfers and payment solutions. The company has operations in Zambia, Malawi and Mozambique as well as support offices in South Africa. 1. Tell us about one of the toughest situations you’ve found yourself in...

[The New York Times] He Grew Up on a Farm. Now, He Helps Protect Them.

In their Visionaries series, The New York Times selects people from all over the world who are pushing the boundaries of their fields, from science and technology to culture and sports. In their latest piece, they shine a spotlight on Thomas Njeru, the proud co-founder of Pula. Pula, a Flourish portfolio...

September 20, 2019

Why We Invested in FairMoney: Rebooting Banking in Nigeria

If you ask someone in Lagos if they have a bank account, more likely than not, the answer will be “yes.” You’ll probably get the…

Portfolio

Digital Banking

News

[TechCrunch] FairMoney raises $11 million for its challenger bank for emerging markets

Fintech startup FairMoney is building a challenger bank in Nigeria. The company first started offering microcredit and now plans to expand to current accounts and savings. FairMoney just raised an $11 million Series A round (€10 million) led by Flourish, DST Global partners and existing partners Newfund, Speedinvest and Le...

“GB” Olugbenga Agboola

[TechCrunch] Flutterwave and Alipay partner on payments between Africa and China

Flutterwave, a San Francisco and Lagos-based fintech startup providing a digital payments service and Flourish portfolio company, has partnered with Chinese e-commerce company Alibaba’s Alipay to offer digital payments between Africa and China. TechCrunch's Jake Bright shared a spotlight on the partnership's potential to impact merchants. Alipay is Alibaba’s digital...

[This Day Live] Costa - Why Financial Inclusion is Not Enough Anymore

This July, Flourish held Flourish Startup Bootcamp and the Market Makers events in Lagos where our Managing Partner, Arjuna Costa, spoke to select journalists on what the firm is bringing to Nigeria and Africa and the new trends in fintech. This Day Live's Solomon Elusoji shared the below from Arjuna's discussion...

[Ozy.com] He's Banking the Unbanked in Nigeria and Beyond

Paga's CEO and Founder, Tayo Oviosu, is featured in this article in the rising star section of Ozy.com. In 2009, Tayo Oviosu returned from the US to Nigeria, with the desire to start a company with a big idea. “I knew that whatever I wanted to do had to pass...

[Disrupt Africa] Meet the Investor: Arjuna Costa, Flourish

Flourish managing partner Arjuna Costa sat down with Disrupt Africa to share about his journey - from his career on Wall Street, to starting funding microfinance organizations in Sub-Saharan Africa, and now co-managing Flourish with a primary focus on venture investing across emerging markets in Asia, Africa, and Latin America. “I...

News

[Financial IT]: Crown Agents Bank Acquires Segovia to Strengthen Its Frontier Markets Payment Platform

Crown Agents Bank announced that it has acquired Flourish portfolio company Segovia, a US-based technology company focused on frontier market payments. The two companies have been working together since 2017 and share a common mission: making payments to and from frontier markets easier, faster, more secure, and cost-effective. Financial IT...

Paga CEO Tayo Oviosu

[MarketingWorld]: Paga Grows, Hits $4.6 Billion in Transactions in 10 years

Flourish proudly congratulates Paga, one of the leading mobile money operators in Nigeria, as they mark their 10th anniversary on April 3, 2019. This week, Paga announced it has processed over $4.6 billion in transactions since it kicked off operations. MarketingWorld shared how the mobile money company plans to expand...