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  Unless you’ve been living under a rock these past few years, you’ll know that Nigeria’s FinTech industry is bubbling with life. It’s scooping impressive investment deals aplenty, yielding brilliant user numbers, and scoring big on expansions. And, yes, it’s one of the more lucrative spaces in all of commerce and industry. Along with that goes much higher than average salaries for those fortunate enough to work within it.
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So it’s not a surprise that a career in FinTech has become coveted amongst many in the know about the opportunities it offers. If you’re eager to clinch a job at a high-flying or upcoming company in the industry, you should take the following steps to do so.

Understand FinTech Basics

The first thing you should do is to develop a strong foundational understanding of FinTech. It’s at the intersection of finance and technology, where innovative solutions are created to enhance financial services. This includes mobile banking apps, peer-to-peer lending platforms, cryptocurrency, and robo-advisors, among others. Start by reading articles, and online resources to grasp the key concepts and trends shaping the FinTech landscape. Also, attend online and offline events to network with people already in the field and gain insights into current developments.

Identify Your Niche

FinTech is a broad field, so you’ll need to identify your specific area of interest or expertise within it. Some common FinTech niches include:
  • Payments and Transactions: Companies like Flutterwave, Paystack, and Interswitch focus on digital payment solutions.
  • Peer-to-Peer Lending: Platforms like Fint, Kiakia, and P2Vest connect borrowers with individual investors.
  • Blockchain and Cryptocurrency: Opportunities abound in blockchain development, cryptocurrency trading, and decentralized finance (DeFi).
  • InsurTech: Explore openings in the insurance technology sector, which is revolutionizing how policies are sold and underwritten.
  • WealthTech: Companies like Risevest, Bamboo and Chaka offer investment opportunities made available over digital channels.
Once you’ve identified your niche, you can tailor your career goals and skills development accordingly.
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Acquire Relevant Skills

To succeed in FinTech, you’ll need a combination of technical and financial skills. Depending on your chosen niche, consider developing expertise in areas such as programming languages (e.g., Python, Java, Solidity for blockchain), data analysis and machine learning for data-driven FinTech solutions, financial modelling and risk analysis, cybersecurity to protect financial data and systems, or knowledge of financial markets and regulations.
  • NB: Online courses, coding boot camps, and formal education in finance or computer science can help you gain these skills.

Build a Strong Professional Network

Networking is a key component of career success in any industry, and FinTech is no exception. A good idea would be to join online forums and connect with professionals on LinkedIn. Engage in conversations, ask questions, and seek mentorship from experienced individuals in your chosen niche. Building a strong network can provide you with valuable insights, job referrals, and collaboration opportunities.

Gain Practical Experience

Hands-on experience is invaluable in the FinTech world. Ideally, you’ll want to seek out internships and/or freelance work to build your CV. Look for opportunities to work with FinTech startups, established companies, or financial institutions with a FinTech division. Practical experience of this sort enhances your skills and also demonstrates your commitment to potential employers.
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Prepare for Interviews

When applying for FinTech positions, be prepared for interviews that may include technical assessments, case studies, and behavioural questions. Tailor your CV and cover letter to highlight your relevant skills and experiences. In addition, practice your interview skills, research the company thoroughly, and be ready to discuss current FinTech trends and challenges during the interview process.

Final Words

Starting a career in FinTech requires dedication and continuous learning. Work to gain a deep understanding of the industry, network widely, and build up your practical experience within your preferred niche. With the right kind of preparation, you’ll ace your interview and land your dream job at a FinTech you love.
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This article was first published on 19th September 2023


Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.

Comments (4)

4 thoughts on “6 Steps to Starting a Career in FinTech in Nigeria”

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  • In today’s digital world, video is a powerful tool for marketing yourself and your skills. You can use a video editor like CapCut to create engaging and informative videos about your FinTech experience and expertise.

  • Starting a career in FinTech in Nigeria is an exciting journey with tremendous potential. “6 Steps to Starting a Career in FinTech in Nigeria” offers invaluable insights, guiding aspiring professionals through the intricate landscape of financial technology. By following these steps, you can leverage opportunities in this dynamic sector. For additional resources and tips, you can explore, a platform known for its rich knowledge base on FinTech careers. Don’t miss out on the chance to dive into the thriving world of FinTech in Nigeria!

  • You can tailor your career goals and drift hunters skills development accordingly.

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