Archives Tag: fintechs
FinTech: 5 Common Challenges and How to Solve Them
April 19, 2022
Contemporary financial technology (FinTech) has transformed the way we approach banking, payments, investments, and other financial services. FinTech companies have disrupted traditional financial institutions by leveraging technology to deliver faster, more efficient and user-friendly solutions. Read more about FinTech However, like any emerging industry, FinTech faces its own set of challenges. In this article, … Continue reading FinTech: 5 Common Challenges and How to Solve Them
Addressing the Critical Financial Challenges of Nigerian FinTechs
April 19, 2022
Nigeria, a country at the forefront of technological advancements in Africa, has witnessed significant growth in its financial technology (FinTech) sector. Nigerian FinTechs have emerged as powerful agents of change and transforming the way people access and manage their money. However, amidst this rapid development, there exist crucial financial problems that Nigerian FinTechs should … Continue reading Addressing the Critical Financial Challenges of Nigerian FinTechs
7 Ways Fintechs Can Build Financial Products for SMEs
April 19, 2022
Small and medium-sized enterprises (SMEs) play a vital role in the economy, providing jobs and driving economic growth. However, SMEs often face unique challenges when it comes to financing their operations and growth. To address these challenges, financial institutions offer a variety of financial products specifically tailored to the needs of SMEs. Read more … Continue reading 7 Ways Fintechs Can Build Financial Products for SMEs
How Founders Can Unlock Their FinTechs In Emerging Markets
April 19, 2022
Emerging markets are posed by economic experts as the future of global prosperity. In this article, I state emerging markets as countries in Africa and the Middle East. Therefore, I focus on how Nigerian founders can unlock their FinTechs across Africa. Read more about Fintech In the last two years, the African FinTech … Continue reading How Founders Can Unlock Their FinTechs In Emerging Markets
6 Ways Autonomous Finance Benefits FinTechs
April 19, 2022
Technologies like Artificial Intelligence (AI), Machine Learning (ML), and automation are driving the revolution we’re seeing in the finance industry. In just a decade, we’ve witnessed the emergence of digital banks, lending platforms, and tech-driven wealth management startups, all of which are starting to challenge traditional banks. Read more about Fintech Closer to the present, … Continue reading 6 Ways Autonomous Finance Benefits FinTechs
4 Growth Lessons Nigerian FinTechs Can Learn From PayPal
April 19, 2022
PayPal is the biggest FinTech in the world. It conducts millions of financial transactions daily. PayPal’s net income amounted to 801 million U.S. dollars in the fourth quarter of 2021, down from over 1 billion U.S. dollars from the previous quarter. However, PayPal has been described as the most valuable FinTech in the world. Read more … Continue reading 4 Growth Lessons Nigerian FinTechs Can Learn From PayPal
Implications Of Data Breach To Fintech Companies
April 19, 2022
Cybersecurity is paramount when developing a fintech app. The trust between the company and customers is key to building stable and long-lasting partnerships. A fintech, who bridges the gap between customers and conventional banking, must protect its customer’s data to avoid data breaches. If a customer’s data is jeopardized, the security consequences can be drastic. Read … Continue reading Implications Of Data Breach To Fintech Companies
Opportunities For FinTechs To Explore Among Low-Income Local Traders In Nigeria
April 19, 2022
Local traders found in major and minor markets in the 36 states and the federal capital territory of Nigeria are largely underserved, and this is in so many ways an opportunity for FinTechs to explore. Conversely, most FinTechs are focused on elite SMEs, leaving the millions of local traders and businesspeople at the grassroots … Continue reading Opportunities For FinTechs To Explore Among Low-Income Local Traders In Nigeria
5 Personalized Banking Strategies FinTechs Can Use To Retain Customers And Expand Growth
April 19, 2022
Personalization is a new business operation, especially in the financial services industry. According to a 2021 study done by Capco, an international consulting company, 89% of customers see personalization as a critical factor in their relationship with banks. Personalization, according to the survey, is a key factor in measuring quality service within the framework … Continue reading 5 Personalized Banking Strategies FinTechs Can Use To Retain Customers And Expand Growth
The Rise Of API FinTechs In Nigeria
April 19, 2022
Nigeria’s FinTechs are solving numerous problems within and around the country’s financial and commercial ecosystems. They’re enabling users to pay for goods they’ve ordered online, settle utility bills, transfer and receive money, purchase insurance products, and make investments. And that’s just scratching the surface. Read more about FinTech But there are other problems that FinTechs … Continue reading The Rise Of API FinTechs In Nigeria
Did You Know That Fintechs Are The Holy Grail Of Tech In Africa At Least?
April 19, 2022
That tech is the vogue in Nigeria is really no news but you probably did not fathom just how much of that growth is down to fintech or finance based technology start-ups. According to Quartz, fintechs have attracted more investments than any single sector in tech across Africa. Specifically, fintech has attracted three times … Continue reading Did You Know That Fintechs Are The Holy Grail Of Tech In Africa At Least?
By david-okwara
TLcom invests $1mn Pre-Seed Funding into Okra, Africa’s first API fintech “super-connector”
April 19, 2022
Nigerian fintech platform Okra has secured a $1mn pre-seed fundraise from TLcom Capital, strengthening its push to build the infrastructure for Africa’s next wave of fintech innovation. With the first API in Africa to retrieve real-time financial data from a bank account to any web or mobile app, Okra’s new investment will be used to scale their team … Continue reading TLcom invests $1mn Pre-Seed Funding into Okra, Africa’s first API fintech “super-connector”
Top 5 Fintechs of 2019
April 19, 2022
It’s been a great year for fintech in Nigeria. There’s been plenty of investment (with up to $400 million injected into companies and startups), tremendous growth, and more media coverage of this emerging sector than ever before. The players in the space are doing so well, even the banks are starting to launch their own … Continue reading Top 5 Fintechs of 2019
Fintechs in Nigeria: Kuda
April 19, 2022
Nigerian fintechs are disrupting the country’s financial system. Thanks to them, a growing number of banking services can now be accessed without visiting the banking hall. They build the platforms that allow us pay for flights and settle electricity bills from our bank accounts. Now, they’re also enabling us to save and invest money and … Continue reading Fintechs in Nigeria: Kuda
Fintechs in Nigeria: Paystack
April 19, 2022
Paystack is one of the more well-known fintechs in Nigeria. They help companies build the platforms they need to collect and receive funds from a variety of local and global payment channels. It’s a big role for any startup to play in a country like Nigeria where numerous businesses adopt digital payments all the … Continue reading Fintechs in Nigeria: Paystack
