Sparkle raises $3.1M for personal, business neobank play in Nigeria

The neobank wave is beginning to take shape in Africa, particularly in Nigeria, where new fintechs are trying to take on legacy banks by providing cheaper and more personalized banking services.

Sparkle, founded by an ex-CEO of a former Nigerian incumbent bank, is one such fintech, and it has closed a seed round of $3.1 million to scale operations.

Read more: TechCrunch