AfricaWorks Insights
AfricaWorks Insights
June 11, 2025 at 02:41 PM
🇳🇬 CreditChek, a Nigerian credit assessment startup, has acquired 🇺🇸 CreditCliq to enable African immigrants to carry over credit histories globally 🌍. The deal brings in a scoring engine that translates African financial data into U.S., U.K., and Canadian formats, unlocking faster credit access for newcomers 🏡💳. With 300K+ verifications and 600% revenue growth, CreditChek is expanding to 10+ African countries and targeting profitability by Q4 2025. 📈 🇳🇬Nigeria has teamed up with Meta to launch the Nigeria AI Accelerator Programme, supporting startups solving local challenges with AI across sectors like health, agri, and finance 🤖🌱. The initiative, led by NITDA and NCAIR, builds on previous AI partnerships with Google and aims to cement Nigeria’s role as Africa’s AI powerhouse 🌍📊. Running August–December 2025, it offers mentorship, resources, and global exposure—applications close July 12. 🗓️🚀 🚀 Super Capital, a top European angel network, is expanding into Africa and the Middle East via its new MEA Club, partnering with prolific investor Axel Peyriere 🌍💼. The club will back up to 10 startups yearly with €100K–€250K each, targeting fintech, SaaS, healthtech, and more 📈💸. This move connects European capital to MEA innovation, blending smart funding with long-term founder support. 🤝✨ 📱MTN Uganda is spinning off its mobile money arm, MoMo, into a standalone fintech company owned by MTN Group Fintech Holdings and minority shareholders’ trust 🔄. The move, pending approval on July 2, aligns with MTN’s strategy to separate its booming fintech ops from core telecoms, as mobile money revenue now outpaces voice 📊💳. With 14M+ MoMo users and 18.4% revenue growth in Q1 2025, MTN is positioning to scale fintech independently across East Africa. 🚀🌍
Image from AfricaWorks Insights: 🇳🇬 CreditChek, a Nigerian credit assessment startup, has acquired 🇺...

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