Bamboo Expands to Canada, Launches Fee-Free Remittance Service for African Diaspora
Bamboo, the Y Combinator-backed investment platform enabling Africans to trade local and international stocks, has launched operations in Canada following the acquisition of a Money Service Business (MSB) license. Alongside this expansion, Bamboo introduced *Coins by Bamboo*, a remittance service designed to facilitate fee-free diaspora money transfers to Africa with competitive exchange rates. The remittance […]
Nigerian Fintechs Strengthen Compliance Teams After Regulatory Crackdown
Nigerian fintech companies, including Kuda Bank, Moniepoint, OPay, and Palmpay, have significantly increased hiring in compliance and fraud monitoring following a central bank-imposed ban on onboarding new customers in April 2024. The ban, driven by regulatory concerns over lax Know Your Customer (KYC) measures and rapid account openings, has prompted fintechs to overhaul their approach […]
