Nigeria’s Paylater raises $5 million as it begins transition into a full-fledged digital banking institution. And I do think Paylater has to change its name because a bank does not just pay customers.  So, the name of a digital bank cannot be Paylater! PiggyVest did just that, after expanding its vision, renaming from Piggybank. Nigerian retail lending startup, Paylater is working on a plan to transition to a full service digital bank after securing a $5 million debt facility from Nairobi-based Lendable, technology-enabled funding provider to African consumer and small business lenders. Paylater is looking to deploy new products while transitioning … Continue reading Nigeria’s Paylater Raises $5 Million as It Transitions into a Full-Service Digital Bank