Nigeria is known to have one of the richest resources, and this goes beyond natural and material resources. It is the most important, resident in people. We have recorded outstanding strides in the FinTech industry in recent times, and here are 8 you should always look out for.
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There is probably something you can do with ease, which you didn’t think you would be able to, 10 years ago. This is one of the things Paystack has done effortlessly, with Shola Akinlade being the co-founder and CEO. Paystack has solved payment problems for many businesses; small, medium and large-scale alike. It permits them to accept payments electronically with the use of credit cards, debit cards, money transfer and mobile money on websites and mobile apps.
Remita, founded by John Abaro, is a multi-device platform that solves the problem of multiple banking. It enables a person to view bank balances from different banks on a single screen. You can also transfer money easily to anyone, many beneficiaries, pay bills, view receipts and transaction details. It also ensures security and safety.
Olugbenga Agboola, the founder of Flutterwave, created the African based fintech company as a means of payment infrastructure for global merchants and payment service providers across the continent.
PiggyVest is a very secure and legitimate online savings platform that makes saving possible by combining discipline plus flexibility to make you grow your savings. It has features that accommodate joint savings, saving in foreign currencies, creating targets etc. It shatters many barriers which nominal banks have. It was founded in 2016 by Somto Ifezue, Odunayo Eweniyi and Joshua Chibueze.
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Kuda manifested the dream of free banking for Nigerians. This has been its edge over other banks, as transactions are mostly made without charge. It was founded in 2019 by Babs Ogundeyi and Musty Mustapha.
OPay has facilitated mobile transactions through the use of its mobile app. It has a wallet that also lets you store funds, and other functionalities to recharge your airtime, transfer cash to other users, pay your bills, withdraw money into your bank account and do many other things. Although, it has a Chinese founder, its presence in Nigeria is undeniable.
VoguePay has made it easy to receive payments worldwide, either one-offs or variable amounts. It is a platform for optimizing multiple currencies and a series of payments. It was founded by Mohammed Jega Ibrahim.
Interswitch has developed the financial ecosystem, providing a full suite of multi and omnichannel payment solutions. It was founded by Mitchell Elegbe. As an Africa-focused integrated digital payment and commerce company, it also facilitates the electronic circulation of money.
Featured Image Source: TechEconomy NG
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