App Of The Week: GoMoney
GoMoney is a digital service that was designed to help Nigerians manage their finances better. The app, which caters to a diverse audience, aims to improve the banking experience of users by enabling them to spend their money better. GoMoney is free of the failed transactions, excess charges, or needless paperwork that is typical of […]
Nigerian Tech Companies Raised $747 Million in 2019
Nigeria continues to lead Africa in funding for tech ventures. A new report from Partech Africa says that the country’s digital and tech companies received the biggest amount of total investment on the continent in 2019, with about $747 million channeled into them by various venture capitalists. The Partech Africa Report covers funding activity involving […]
App Of The Week: Carbon (Paylater)
Carbon, formerly Paylater, is a pioneer financial service that came up with the smart solution of allowing users to obtain instant short term loans without collateral and also invest their money to get huge interest returns. The service was formerly known as Paylater but it rebranded to Carbon in 2019, reflecting its transition from just […]
Fintechs in Nigeria: KiaKia
Regular people who need the lines of small credit to plug occasional funding gaps are turning to fintech lenders to solve their cash flow challenges. These companies are providing financial assistance to individuals, emerging businesses, and cooperatives, often with less difficult repayment conditions than what banks offer. One such platform is KiaKia, an AI-powered solution […]
Fintechs in Nigeria: REACH
If you’ve ever set savings targets for yourself, you’ll know that they can be tough to reach. A lot of the time, you fall too far behind your goal to very early on, and fail to attain it in the end. The whole journey might just be about paying off debts and racking up new […]
Fintechs in Nigeria: Kuda
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 […]
Fintechs in Nigeria: PiggyVest
Unless you’re earning significantly more than an average income, you probably have to sacrifice some convenience to save up money. For most of us, there’s always a need popping up for every kobo we make. Putting a bit of cash away can take a big slice of courage, and more. PiggyVest is helping Nigerians overcome […]
Fintechs in Nigeria: Paga
There’s an army of unbanked people existing outside of Nigeria’s financial system. These individuals, numbering in the tens of millions, are saving money and conducting all their transactions with cash. The joys of electronic money transfers and the safety of bank accounts are a world away from them. It’s this vast population that Paga serves. […]
Fintechs in Nigeria: Kudi
Nigeria’s banks are among the largest and most celebrated financial institutions in Africa. But despite serving tens of millions of people across the continent, they haven’t exactly mopped up on their potential customer base back home. At the last count, about 60 million adults in Nigeria are unbanked. That’s one of the biggest figures for […]
Fintechs in Nigeria: Nairabox
The Nairabox team prefers to talk about their product as a lifestyle tool. As a platform, it lets its users settle their everyday needs, and pay for recurring and one-off events. It’s especially popular as a sales outlet for digital tickets, a role which connects event organizers with intending participants regardless of the distance between […]
Fintechs in Nigeria: Paystack
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 […]
Did You Know? Nigeria is Home to Over 200 Fintech Companies
Nigeria is home to anywhere between 210 and 250 fintech companies, according to the Enhancing Financial Inclusion and Access (EFInA) report on the country’s financial technology sector. This makes the country’s fintech industry one of the largest in Africa. The report says that the sector has grown significantly over the past five years, evidenced by […]
Fintechs in Nigeria: Interswitch
Interswitch is one of Nigeria’s oldest financial technology companies. For almost two decades, it has built and maintained payment channels for some of the country’s biggest corporations, and enabled individuals and small businesses make and receive payments electronically. The company began operations in 2002, when Nigeria had just begun to embrace contemporary digital technology. Banks […]
Fintechs in Nigeria: eTranzact
The first generation of fintech companies in Nigeria was birthed out of a need to make digital payments accessible in the wake of the country’s GSM revolution. One of them, eTranzact, jumped on the opportunity early on. Set up in 2003 by Valentine Obi, eTranzact is an electronic payment solutions company. They have provided the […]
Fintechs in Nigeria: Flutterwave
Flutterwave is a Nigerian fintech startup which helps process local and transnational payments across Africa. The company says it’s making it easier for businesses in Africa to receive payments from clients across the world- something that merchants on the continent have struggled with for a long while. Founded in 2016 by a team of software […]