April 19, 2022
Nigeria’s central bank, the Central Bank of Nigeria (CBN), has launched a national domestic card scheme called AfriGo. The scheme was announced in October 2022 at the Bankers’ Committee and aims to drive financial inclusion and control card financial data within Nigeria. The CBN governor, Godwin Emefiele, stated that this move will also serve … Continue reading Nigeria’s Central Bank Launches AfriGo
April 19, 2022
The Federal Competition and Consumer Protection Commission (FCCPC) has granted permission for 106 digital lenders to operate in Nigeria. This comes after the introduction of a digital lending regulatory framework in August 2022. Out of the 106 digital lenders, 65 have received full approval, while the remaining 41 have been granted conditional approval. Read … Continue reading 106 Digital Lenders Are Now Licensed To Operate In Nigeria
April 19, 2022
In Africa, small and medium-scale car dealers comprise almost 82% of the car dealership market, and most of these merchants sell second-hand automobiles at high prices due to inadequate financing. In emerging markets like Vietnam, India, Brazil, Indonesia, Malaysia, and a substantial fraction of Latin America the average of institutional credit in automotive transactions … Continue reading 10 Predictions and Trends for the African Mobility Industry In 2023
April 19, 2022
The year 2022 proved to be an interesting one for Nigeria’s tech ecosystem as a whole and FinTechs in particular. In many ways, it offered up more of what we witnessed in 2021—new players coming on the scene, significant funding from investors, and increased use of the products that startups in the space provided. … Continue reading A Roundup of FinTech Funding, Mergers and Acquisitions in 2022
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
April 19, 2022
The Africa Blockchain Institute has announced that it is receiving applications from startup founders who want to take part in the Africa Blockchain Incubation Program. The incubator is open to persons who are building blockchain-based solutions for markets on the continent. Read more about Opportunities The Africa Blockchain Incubation Program will give its participants … Continue reading Apply for the Africa Blockchain Incubation Program 2023
April 19, 2022
In our today’s world, the subject of data and machine learning are fast becoming mainstream in businesses. Big Data and Machine Learning technologies have been reputed for their potential of providing a personalized customer experience. However, many businesses are at a loss on how to go about using or incorporating these technologies in their … Continue reading Data And Machine Learning to Personalize Customer Experience
April 19, 2022
In the financial technology (FinTech) industry, leveraging technology can significantly improve customer experience. By using artificial intelligence and machine learning, FinTech companies can personalize services and streamline transactions for individual customers. Moreover, tools like chatbots and virtual assistants can provide instant customer support, while virtual and augmented reality technologies can enhance customer education and … Continue reading 10 Ways to Leverage Technology to Improve Customer Experience
April 19, 2022
We can’t deny the fact that the banks have legacy structures that puts them ahead of many FinTechs, especially in Nigeria and beyond. For one, banks have a lot of sophisticated relationships with the government as well as regulators. Second, having been in operation much longer than FinTechs, banks have been able to earn … Continue reading 10 Things Banks Are Doing That FinTechs Should Adopt
April 19, 2022
Starting and running a tech startup in Nigeria is a Gordian task that requires the strength and tenacity of Hercules. This is why it is not surprising that Nigeria has been described as one of the most unfriendly places to business according to experts due to varying factors ranging from infrastructure to regulatory problems … Continue reading Top 10 Nigerian Startups in 2022
April 19, 2022
There seems to be a thriving market opportunity for mobility fintech in Nigeria. Studies have shown that Nigeria is very underserved when it comes to access to affordable transportation. In fact, owning a car is still considered a luxury in this part of the world, whereas in the United States, Europe and Canada and … Continue reading How To Set Up A Mobility Fintech Company in Nigeria
April 19, 2022
Nigeria like any other emerging market is full of opportunities for businesses, especially startups that are operated through technology. Moreover, the country has the strongest startup ecosystem in Africa with over 500 registered startups that are meeting the diverse needs of people ranging from finance to health to housing and retail, etc. Also, the … Continue reading 7 Business Opportunities For Mobility Fintech In Nigeria
April 19, 2022
Setting up a mobility FinTech company in Nigeria is not without its challenges. These challenges are social, political, economic and even infrastructural. However, there are dozens of mobility FinTech startups in Nigeria with the two leading being Moove and Autocheck. Others include Quriee, Tour, Pickmeup and so on. Despite their presence, mobility FinTech is … Continue reading Problems Confronting Mobility FinTech Companies in Nigeria and the Way Out
April 19, 2022
In the past few weeks, the crypto industry has been in the news – this time for bad reasons. The crypto market is currently at rock bottom, affecting many crypto startups in Nigeria as well the confidence of traders. For example, Quidax, a Nigerian crypto exchange company that has processed over $3 billion in … Continue reading How Traders Can Minimize Losses in the Present Sinking Crypto Market
April 19, 2022
Following the ultimate crash of Terra Luna in May and the ongoing bankruptcy of FTX which began in November and the devastating effects it had on various crypto exchanges across the world, millions of traders are apprehensive about the future of cryptocurrency. Read more about FinTech For instance, the collapse of FTX, caused by … Continue reading 6 Things You Should Know About the Future of Cryptocurrency
April 19, 2022
Nigeria is an emerging market with so many people in dire need of loans to pay off their bills or invest in their businesses. Hence, the country has seen the sporadic establishment of lending platforms, scattered across the country. For example, there are over hundreds of lending platforms in the country, including Specta, Rapid … Continue reading How Lending Platforms in Nigeria Can Overcome Poor Loan Repayment
April 19, 2022
The ditching of FinTech platforms among subscribers is now becoming a global trend, especially in the post-pandemic world. In Nigeria, after the pandemic, app ditching rose to 28 per cent. If you could remember, the pandemic saw the sporadic adoption and usage of FinTech apps among millions who were locked down by COVID-19. A … Continue reading 6 Things to Do When Subscribers Are Ditching Your FinTech App
April 19, 2022
Fintech, or financial technology, is a rapidly growing industry that is transforming the way we manage our money and make financial transactions. In recent years, fintech has seen significant growth and disruption, and this trend is expected to continue in the coming years. Here are some key fintech trends to watch out for in … Continue reading Top 5 FinTech Trends To Watch Out For In 2023
April 19, 2022
Starting and running a fintech startup can be an exciting and rewarding experience, but it can also be challenging. If you are looking to upscale your fintech startup, there are a few key things you can do to help achieve your goals. Read more about FinTech Build Your Roots First, it’s important to focus … Continue reading How To Upscale Your Fintech Startup
April 19, 2022
In the past three years, since I started observing the African FinTech ecosystem at Connect Nigeria, I have witnessed many Fintechs go under, while a few have stayed on top of their game. What does it mean to stay on top of your game as a FinTech? It simply means ensuring that there is … Continue reading 4 Solid Ways to Help Your FinTech Stay on Top Your Game
April 19, 2022
Email newsletters, whatever the content may be is a very important aspect of maintaining a communication link with subscribers and customers. It is rather unfortunate these days to see FinTechs, especially in this part of this world so engrossed in getting new signups to grow their subscriber base, thus neglecting new and existing customers … Continue reading The Only 6 Types Of Marketing Emails Your FinTech Needs to Send Out
April 19, 2022
One of the biggest assets any FinTech can possess is the audience’s trust. In this age of social media with all its fake news, misinformation and cybersecurity threats, FinTech brands are more pressed with the need to win the trust of their audience due to the services they provide, which are largely financial. This … Continue reading 4 Ways to Gain Trust Through FinTech Social Media Marketing
April 19, 2022
For decades, before biometrics, passwords have been the primary access control tool for users of digital platforms. And they still are, for the most part. But closer to the present, ill-intentioned agents have found ways to exploit the weaknesses of this tool, gain entry to users’ accounts, and steal their information (and money). Read … Continue reading 5 Types of Biometrics for FinTech Platforms
April 19, 2022
Last week, Quidax and Lazerpay, two leading cryptocurrency platforms in Nigeria laid off over 50% of their workforce. It is not unconnected to the rising decline of cryptocurrency despite denials. Although crypto crashes are not new, the recent bear market has caused great reasons for traders and investors to worry. In fact, experts have … Continue reading 4 Reasons Why Cryptocurrency Is Crashing?
April 19, 2022
Pivo, a female-led Nigerian FinTech startup has closed a $2 million seed round that included participation from Precursor Ventures, Vested World, Y Combinator, Foundrs, and Mercy Corp Ventures. The FinTech startup is a financial service provider that offers a variety of services such as credit, payments, and expense management to small and medium-sized enterprises … Continue reading Pivo Raises $2 Million Seed Funding
April 19, 2022
On November 22, Africa’s leading automotive technology company launched its FinTech arm, Autochek Financial Services to accelerate automobile financing in Africa. The extension aims at providing a range of vehicle financing solutions for customers and businesses across the continent. Read more about Business The FinTech service will also serve as a platform of financial … Continue reading Autocheck Launches Autochek Financial Services
April 19, 2022
As prices across the board continue to soar and living gets ever more expensive, there’s a lot of concern that the real value of incomes is being depleted. This concern isn’t misplaced. The National Bureau of Statistics (NBS) says that the annual inflation rate currently stands at about 21%. In other words, it has … Continue reading These 5 Apps Will Protect Your Money Against Inflation
April 19, 2022
Africa’s leading payments technology company, Flutterwave, launched its mobile app, $endmobile on Friday, 18th of November. The app will facilitate the faster and easier transfer of funds from the Diaspora to the African continent. Read more about Tech In a statement seen by Connect Nigeria, the FinTech giant also signed the Nigerian field and … Continue reading Flutterwave Launches $endmobile, Signs Tobi Amusan As Ambassador
April 19, 2022
The terrain of the financial services industry is advancing quickly, and for FinTechs in Nigeria to overcome, the need to diversify is crucial. Four key principles can stimulate FinTechs to attain a profitable and sustainable transformation. This can only be achieved by having a clear-cut pathway, a set of clearly understood prerogatives, an idea … Continue reading How FinTech Startups Can Achieve a Profitable and Sustainable Banking Transformation
April 19, 2022
Nigerian FinTech is the most funded in Africa. In the recent Google Black Founders funding series, 25 startups in Africa received between $10,000 and $50,000 to upscale. Out of the 25 startups, 18 startups were from Nigeria. There are a lot of factors driving foreign investors to look towards Nigerian startups. Read more about … Continue reading Why Is the Nigerian FinTech Industry The Most Funded in Africa?
