New conquests

Africa’s Newest Neobanks Make Unusual Bet On Customers Overseas

By  |  April 21, 2022

Dreams came true for Chinwe Osuji when she arrived in Sweden in September last year. Having bagged a scholarship at Örebro University months before to study Chemistry in Environmental Forensics in a Master’s programme, she had mentally escaped her home country, Nigeria, for Sweden so many times and spent hours longingly imagining how she’d settle in while counting down the days impatiently.

However, just a few days after Osuji completed Project Japa (the Yoruba word for “run fast” which is popular in Nigeria as the colloquial term for an ongoing phenomenon that has locals leaving the country in droves due to the persistent dysfunction and going after of work/study opportunities abroad), she found that all her daydreaming didn’t feature how much of an adjustment she would have to make when it comes to the small matter of accessing financial services as a Nigerian who is now resident in Scandinavia.

“Opening a bank account here is a very difficult task. As a foreigner, you have to...

Most Read


MPost Is Turning Phones Into Addresses In Fresh Push To Fix African E-Commerce

In the heart of Africa’s bustling tech scene, one long-standing startup remains steadfast


Headway Beyond Headlines: How Roscas Plans To Crack Mozambique’s Financially Underserved Market

While headlines trumpet a tech boom in Africa’s biggest economies, a quieter revolution


Ride-hailing Users Are Uneasy About Lagos Govt Collecting Real-Time Trip Data

A controversial issue—one that spotlights the complexities of privacy, regulation, and the evolving