FinTech

Done Deal: Nigerian FinTech, Bfree secures $1.7 million Funding, Expands Across Africa

Bfree, Nigeria’s ethical credit management, has generated the sum of $1.7 million in a pre-Series A round, to widen its base across emerging markets, totalling the raised capital to $2.5 million. The Lagos-based startup had raised in the seed

Web 3.0: What Nigerians And The FinTech Industry Should Prepare For

  There is so much buzz around the phrase, “Web3.0”. It is sounding like the next big thing. Major Internet and Technological corporations from Google, to Tesla, Facebook and Microsoft and the rest are making so much noise about it.

The Big Ideas That FinTech Will Tackle In 2022

  2021 was a massive year for Nigerian FinTechs. It was a year of big wins for many and also a year of mixed feelings for some, especially those who faced clamping down from the federal government. A lot of

Top 4 Things We Should All Know About Non-Fungible Tokens (NFTs)

  According to Dean Sam, a non-fungible token (NFT) is a distinct and non-interchangeable component of data collected on a blockchain, a form of digital ledger. NFTs can be linked with reproducible digital files such as photos, videos, and audio.

3 Solutions Nigerian FinTechs Can Provide The Agricultural Sector In Nigeria

  FinTechs in Nigeria have not yet explored the opportunities of solving a series of problems plaguing the Nigerian agricultural sector. This problem is a global situation. Many FinTechs are yet to see the possibilities of delving into the agricultural

The Rise Of Chinese FinTech Industry: Lessons For Nigerian FinTechs

  China, over the years, has been reputed as the country with the largest FinTech ecosystem. It beats its rivals, the United States and Europe. Dominated by tech and internet giants like Tencent, Ant, and JD.com, China, more than any

4 Common Pitfalls FinTech Founders Must Avoid

  With the fast-rising development of many FinTech startups across the globe and in Nigeria in particular, there is presently stiff competition in the FinTech world due to the entry speed. Most FinTech startups are motivated by the success stories

The Effect Of Cryptocurrency Ban On Nigerians

  The adoption of cryptocurrency in Nigeria was greatly embraced, because of the strict foreign exchange policies and laws put in place by the CBN. Also, Nigeria has experienced a great decline in its value of Naira, which has made

The Concept Of e-Naira In Nigeria

  e-naira is the digital form of naira, issued by the Central Bank of Nigeria, thereby, making it a legal tender. The e-Naira was developed by the fintech company, Bitt, based in the Caribbean. With this development, Nigeria has become

FinTech: A New Era Of Financial Services

  Recently, there has been an emergence of new innovations and process disruptions in Financial Technology. Many fintech start-ups are looking for new pathways to successful business models, also enhancing customer experience, and approaches that result in the transformation of

The Role FinTech Has To Play In Poverty Alleviation

  Poverty has been for a long time, one of the major challenges mankind has been plagued with. It has been a challenging issue in many African countries. However, the situation is transforming, as we adopt new systems and technologies.

5 Ways FinTechs Can Reach More Rural Farmers To Achieve Productivity And Prosperity In Nigeria

  The Nigerian rural smallholder farmers endure a lot in a country like Nigeria, and three times higher than their counterparts in other climes, due to several man-made challenges like poor access to basic amenities and inadequate access to loans

Future Trends In FinTech: Voice-Enabled Payments

  Everyday, the FinTech industry continues to excite experts and ordinary users alike. FinTech is redefining financial transactions in amazing ways, using AI and blockchain technology. As the Nigerian FinTech industry booms, key players must know what is the latest

Top 5 Trends To Watch Out For In The FinTech Industry

  The FinTech industry took the world by storm. Yet, experts have claimed that the industry is still nascent and growing. Although, we have seen so many innovations in the industry that weren’t available five years ago, yet, there seems

4 Biggest Gaps Digital Banks And FinTechs MUST Solve To Thrive In Nigeria

Digital banking and FinTech operate nearly on the same operational model, and they are out to create similar values – speed and convenience. To start with, according to Wikipedia, digital banking is part of the broader context for the

Top 5 Global Accelerators For Nigerian FinTechs

  Accelerators have become a vital part of startup ecosystems around the world. These institutions help early-stage ventures with the technical support, networks, and funding they need to leapfrog several stages of growth within a relatively short period. Read more

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