AFRICAN STARTUPS MORNING WIRE
ISSUE OF
The overnight wire, every weekday morning — the raises, launches and exits the desk judged in.
Grey secures CBN licence for Nigeria remittances while OPay clarifies IPO postponement impact.
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Grey secures CBN licence to process remittances into Nigeria
Cross-border payments company Grey has received approval from the Central Bank of Nigeria (CBN) to operate as an international money transfer operator (IMTO), allowing it to process inbound international transfers into the country. The Y Combinator-backed fintech can now handle transfers from individuals and businesses abroad to recipients in Nigeria. Its approved services cover person-to-person, …
Why it matters: Grey can now process inbound international transfers into Nigeria, expanding cross-border payment options for individuals and businesses.
techtrendske.co.ke · 3 November
IPO postponement will not affect business operations — OPay
OPay confirms that the postponement of its New York initial public offering will not affect its business operations or customer services.
nairametrics.com · 3 November
African battle royale game Rise of Fearless raises US$1m
Rise of Fearless will use the US$1 million SAFE investment to fund talent, technology, infrastructure, and marketing for its next growth phase.
techtrendske.co.ke · 3 November
Also covered by techcabal.com.