Add Row
Add Element
Add Element
  • Channel
    • VIRTUAL EVENTS BILLBOARD
    • CONFERENCES & CONVENTIONS
    • # THE VORTEX ALTITUDE
  • Featured
    • THE VORTEX VISIONARY VIEW
    • African Changemakers
    • Future of Africa
    • Sustainable Africa
    • Women Vortex
    • Vortex Global Pulse
    • Habitat Trails
    • InterContinental Issues
    • Intracontinental Currents
    • #FUTURE FEATURE INVITATION
January 29.2026
2 Minutes Read

Chowdeck's New Bills Feature Marks a Major Shift in Fintech in Africa

Chowdeck Fintech Integration with food delivery and app display.

Chowdeck Turns App into a Financial Hub with New Bill Payments

Chowdeck, the innovative Nigerian delivery platform, is stepping up its game. Not only is it known for delivering meals, but with recent developments, it is now also offering financial services. The launch of its 'Bills' feature allows users to pay their bills directly from the app, making it a game-changer for both consumers and businesses.

Connecting Users and Merchants in One App

This new feature encompasses the ability to purchase airtime and data, marking Chowdeck's foray into the fintech space. Following a week where the company recorded over one million orders, this launch represents a crucial evolution in its business strategy. Chowdeck is no longer merely a delivery service; it is building a marketplace that links users and merchants through technology.

A Shift from Delivery to Financial Engagement

The new bills feature highlights Chowdeck's plans to monetize its large user base beyond simple delivery charges. This shift is not just advantageous for Chowdeck; it simplifies everyday tasks for individuals who can now use one app for meals, groceries, and now, financial services.

Mira Integration Strengthens Chowdeck's Position

Additionally, Chowdeck's recent integration of Mira, a point-of-sale system it acquired, now allows merchants to operate seamlessly through its platform. By consolidating the delivery and payment processes, Chowdeck aims to enhance operational efficiency for merchants while appealing to a growing number of everyday users.

Competing in the Fintech Landscape

This strategic pivot comes at a time when competition is fierce in Nigeria's fintech industry. With giants like OPay and PalmPay already in the market, Chowdeck's focus on integrating daily consumer behavior with financial services gives it an edge. Consumers are likely to gravitate toward the convenience of using one platform for numerous services, thus creating a habitual user base.

Challenges Ahead for Chowdeck's Super App Vision

However, the path to becoming a fully-fledged super app is fraught with challenges. The technical complexity of integrations, along with regulatory scrutiny under KYC and anti-money laundering laws, are significant hurdles to navigate. Moreover, Chowdeck must maintain the reliability of its new features to retain both users and merchants.

Conclusion: Are We Ready for the Future of Convenience?

As Chowdeck embarks on this exciting journey to reshape how Nigerians access daily services and manage their finances, the importance of adapting to user needs remains paramount. For tech entrepreneurs and investors observing these developments, Chowdeck's evolution from a food delivery service to a multifunctional financial tool is a testament to the rapid growth of fintech in Africa.

Stay tuned to uncover how Chowdeck will navigate its challenges and capitalize on emerging trends in the African tech space.

Tech & AI Disruptors

4 Views

0 Comments

Write A Comment

*
*
Related Posts All Posts

How AI in E-commerce is Revolutionizing Jumia's Path to Profitability

Update AI Drives Efficiency in E-CommerceIn the competitive world of e-commerce, Jumia has made headlines with its latest financial results, showcasing how artificial intelligence (AI) is reshaping the industry's operational landscape. E-commerce giant Jumia has reported a remarkable 25.28% increase in revenue for Q3 2025, reflecting a strategic pivot towards AI-driven processes aimed at improving efficiency and reducing operational costs.According to the company, which narrowed its operating loss by 13.43% to $17.4 million, leveraging AI has been pivotal in streamlining workflows across customer service and marketing departments. As CEO Francis Dufay stated, “We continue to strengthen our cost structure and sharpen operational discipline, reinforcing our path toward profitability.” This move toward AI not only enhances productivity but also offers a leaner cost structure, pivotal for startups and businesses in Africa aiming for sustainable growth in a challenging economy.The Cost of Automation: Reducing WorkforcePart of Jumia’s cost-optimisation strategy also involved reducing its workforce by 7%, signaling a shift towards increased automation. As Jumia employs AI systems to handle repetitive tasks, startups in the African market might find this a dual-edged sword. While AI can streamline operations, it poses challenges regarding job security and the need for reskilling the workforce. The transition to automation must be managed carefully, balancing efficiency with human contribution, crucial for customer engagement and service quality.Growth Amidst TransformationJumia's success story— with total orders rising by 34% year-over-year—serves as an essential case study for tech entrepreneurs and investors within Africa's burgeoning tech space. The increase in active customers ordering goods highlights an essential trend: the potential for AI and digital transformation to drive growth. Investors looking to fund African tech startups can draw valuable lessons from Jumia’s approach, particularly regarding the integration of technology and an adaptive business model that meets market demands.Additionally, Jumia's strategies offer insights into future trends, suggesting that other e-commerce platforms could replicate its AI-driven cost-cutting measures. As businesses invest in these technologies, they must also consider the ethical implications of AI deployment and maintain a strong focus on customer experience—a factor that remains paramount in retaining loyal clientele amid fierce competition.Conclusion: The Path to ProfitabilityThe success and hiccups faced by Jumia encapsulate the rapidly evolving narrative at the intersection of AI, e-commerce, and the African market. Companies seeking to thrive in this landscape must not only embrace technological advancements but also craft strategies that ensure long-term sustainability and ethical practices. As Jumia aims for breakeven by the end of 2026, the broader implications of its successes and challenges will undoubtedly shape the future of work and technology in Africa.

Exploring AI in Africa: Kora's Role in Shaping the Future

Update Kora Drives Dialogue on AI in Africa On November 8, 2025, Kora, a prominent fintech infrastructure provider based in Lagos, hosted the second annual Sundown Sessions, themed "AI in Africa: Scaling Beyond the Hype." This dynamic event attracted tech entrepreneurs, investors, and industry leaders passionate about how artificial intelligence (AI) can transform Africa's digital economy. With features such as engaging panels and a keynote from influential figures like Iyin Aboyeji, co-founder of Andela and Flutterwave, the evening sparked essential conversations about the future of AI across the continent. The Potential of AI for African Startups The Sundown Sessions highlighted the transformational potential of AI in various sectors, from finance to agriculture. In one discussion led by Ifeanyi Nwunne and Yinka Ash, panelists emphasized that rather than replacing human creativity, AI serves as a powerful partner that can enhance productivity and innovation. As Ash pointed out, "AI only threatens those who stop innovating." This perspective is essential for startups; leveraging AI can help position them competitively on a global scale. Investment Opportunities in African AI Another key focus of the event was investment in African AI startups. A panel moderated by Rufai Oseni featured investors like Lexi Novitske and Anil Atmaramani, who discussed the countries with the highest potential for AI-driven growth. They identified Nigeria, Egypt, and South Africa as frontrunners. These nations present unique advantages that can accelerate the emergence of a $100 million pure AI company, particularly in consumer applications and infrastructure services. Kora’s Ambitious Vision During the event, Kora unveiled its latest innovation, Kovo, a product that enhances payment processing through instant messaging platforms. Jime Akpusugh, Head of Innovation at Kora, expressed excitement about how Kovo will lower barriers for small businesses, enabling them to access modern financial tools. Kora’s CEO, Dickson Nsofor, further articulated the firm's "AI-first approach," underscoring its commitment to integrating AI into every aspect of its operations while expanding its reach beyond Africa. The Future of AI and Digital Transformation in Africa The Sundown Sessions made it clear that while challenges exist in adopting AI, the opportunities outweigh them. As noted by Nsofor, “Progress happens when technology meets people.” The interplay between AI, fintech, and broader digital transformation will undoubtedly shape the future of work in Africa, fostering innovation and economic growth. These discussions at the Kora Sundown Sessions remind us that African startups can thrive in a rapidly changing environment. By engaging with AI technologies responsibly, businesses can build a future where technology enhances creativity and drives positive social impact. With every session, the narrative around Africa's digital future strengthens, paving the way for a technologically empowered continent.

Will NASD's ₦1.3 Billion Investment Transform Nigeria's Financial Spectrum?

Update NASD's Blockchain Venture: A Game Changer for Nigeria's Financial LandscapeNigeria is on the brink of a transformative financial revolution as NASD's recent valuation of ₦1.3 billion for a 4.35% stake gives us a glimpse into the future of asset tokenization. Purchased by Norrenberger Securities at a remarkable 112% premium, this action signals a strong belief in NASD's innovative plan to democratize investments in sectors currently dominated by the affluent. The exchange’s N-DSP platform aims to tokenize a variety of assets, from real estate to logistics, allowing everyday Nigerians to make fractional investments and redefining ownership for a broader demographic.Unlocking Wealth: How Tokenization WorksTokenization will enable average individuals to access valuable assets that were previously out of reach. Imagine being able to invest as little as ₦10,000 in a lucrative property in Lekki rather than the typical ₦10 million. This fractional ownership model not only allows for immediate settlement through blockchain technology but significantly enhances liquidity in the real estate market.Asset tokenization is essential for Nigeria, where billions are locked away in high-value assets. The infrastructure is now in place, with SEC regulatory approval and a live trading platform launched last year. In a nation where a booming retail investment culture was born in 2025, the role of platforms like NASD is crucial in creating accessible opportunities for participation.The Road Ahead: What’s Next for Tokenization?As we look ahead, the anticipation of NASD announcing tokenized products in the first quarter of 2026 is palpable. Will retail applications emerge that empower young investors to transition from stock trading to real estate? The industry’s momentum is undeniable. Emerging fintech platforms like Bamboo and Chaka have already shown that even the most conventional of markets can be disrupted by innovative financial tools.Addressing the Credibility Gap: Key to SuccessHowever, challenges remain. Nigeria’s tech scene has seen numerous blockchain initiatives falter due to a lack of follow-through. Public transaction volumes are still needed to consolidate faith in tokenization's practicality. NASD's success hinges on its ability to demonstrate meaningful pilot data and transaction volumes that attract even more institutional investment. Observers call this the “credibility gap,” and closing it will be essential to reassure retail investors.Conclusion: A Future Full of PossibilitiesThe ₦1.3 billion investment is not merely a stake in a company; it's an endorsement of Nigeria’s potential in the global fintech landscape. The synergy between emerging technology and regulatory frameworks promises to redefine financial inclusion across the continent. For tech entrepreneurs, investors, and startups, keeping a close watch on NASD's journey may reveal the future of asset tokenization in Africa.

Terms of Service

Privacy Policy

Core Modal Title

Sorry, no results found

You Might Find These Articles Interesting

T
Please Check Your Email
We Will Be Following Up Shortly
*
*
*