FinTech

Why Is the Nigerian FinTech Industry The Most Funded in Africa?

  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

5 Tips on How to Navigate the Perfect Storm in FinTech

  In the past ten months, dozens of startups in Nigeria have either shut down or downsized. The big names such as Opay, Kuda, Konga, Jumia, etc. are not left out. This is the same elsewhere in the world. According

7 Facts About Nigeria’s FinTech Industry In 2022

  Nigeria’s FinTech industry has grown rapidly over the past decade. Starting out with just a handful of payments companies, it’s expanded on all fronts and now includes multiple segments, each with a large number of players. The space is

Agency Banking, Not A Catalyst To Nigeria’s Cashless Vision

  Agency banking, which led to the proliferation of POS terminals, has not aided in Nigeria’s cashless policy operations. Although the system was introduced in 2013 as part of the CBN’s efforts towards the cashless policy, more cash has been

4 Leading Niches For Neobanks In Nigeria 

    Digital banking thrives on niches. Without niches, customers will find it difficult to identify brands that are specifically designed to meet their needs. Hence, neobanks in Nigeria need to design their offerings in a way that announces their

6 Things You Should Do Before Applying For A Digital Loan

In the past, most regular people could not get loans from banks. Starting about a decade ago, online lending platforms emerged to fill this gap. They offered the public an easy and convenient way to apply for and get loans.

African Content Platform, Breach, Launches

  Crypto company, Nestcoin, has launched a content writing platform, Breach. The company which was formerly a website that educated readers on crypto content and helped them make better investment choices, has given other content platforms like Medium and Substack

How Digital Banking Could Evolve Over The Next Ten Years

Banking has undertaken an exhilarating journey of transformation in the past couple of decades. We have witnessed the appearance of mobile banking applications, which initially existed to complement service provision at banking halls. We’ve watched the emergence of fully digital

Binance Charity Partnership With Utiva: 1000 Young Africans to Access Scholarship for Technology Skill Training

  Binance Charity has partnered with Utiva to sponsor 1,000 young Africans in a 1-year intensive skill training program. Binance Charity, which is a philanthropic arm of the world’s largest cryptocurrency company, Binance, has made a collaboration with a technology

Moove Secures £15 Million Funding To Scale Operations In The UK

    World’s first mobility FinTech, Moove has secured the sum of £15 million to scale its operations to the United Kingdom. Moove is arguably the biggest mobility tech startup as well the largest vehicle supply partner of Uber in

How To Protect Your Mobile Banking Apps From Hackers

Bank apps—and FinTech apps in general –have made financial transactions relatively easy. They have brought a level of convenience to payments, account access and wealth management that we could only have dreamt of just a couple of decades ago. But

Herconomy Expands into a Fintech Startup

Herconomy, a vibrant community of women, has joined the fintech space. Ife Durosimi-Etti initially founded the company to grant women access to jobs, opportunities, training and workshops. However, it has launched its fintech product-a mobile savings app that allows women

How FinTechs Can Grow With Incentive Marketing

If you’re anything like most people, you’ll love gifts. So it’s little wonder that they work as enticements; you can offer them to other people as a reward for taking the action you want from them. Read more about Fintech

Problems And Prospects of the POS Payment In Nigeria

  The Point of Sales (POS) use was introduced in Nigeria in 2013 by the Sanusi Lamido Sanusi Central Bank of Nigeria (CBN) led administration. This followed the introduction of the agent banking system and financial inclusion policy to reach

How Nigerian FinTechs Are Winning With Referrals

Nigeria’s fintech industry has taken off. From multi-million dollar funding deals to soaring revenues, the indicators of growth all appear to be positive. This is partly because the startups in this space meet widespread needs. The demand for their services

4 Things FinTech Founders Must Note To Make Digital Finance Impact

  Unlike in China, the United States, Europe and Canada, there is a great dearth in the Nigerian digital finance ecosystem regarding impact. Whether it’s e-commerce, person-to-person (P2P) transfers, savings, credit, and general financial technology, the nation’s digital finance landscape

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