FinTech

P2P Lending Platforms and Nigerians in the Diaspora

A P2P lending platform for Nigerians in the diaspora aims to provide a convenient and secure platform for individuals to lend and borrow money. The platform utilizes technology to match lenders with borrowers and facilitate transactions. It offers an

Olugbenga Agboola on Building a Functioning Fintech Company Across Africa

  The African fintech startup Flutterwave, which reached a valuation of $3 billion in February 2022, grew faster than many experts predicted. But founder and CEO Olugbenga “GB” Agboola wasn’t one of them. Read more about FinTech For Olugbenga Agboola,

7 Nigerian FinTech Startups to Watch Out for in 2023

  There’s much to look forward to in Nigeria’s FinTech space in 2023. As it continues to mature, we’ll see a number of players become more dominant in their segments, and witness the gradual but certain usurpation of leadership in

Nigeria’s Central Bank Launches AfriGo

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

106 Digital Lenders Are Now Licensed To Operate In Nigeria

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,

10 Predictions and Trends for the African Mobility Industry In 2023

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,

A Roundup of FinTech Funding, Mergers and Acquisitions in 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

7 Ways Fintechs Can Build Financial Products for SMEs

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

Apply for the Africa Blockchain Incubation Program 2023

  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

Data And Machine Learning to Personalize Customer Experience

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

10 Ways to Leverage Technology to Improve Customer Experience

  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

10 Things Banks Are Doing That FinTechs Should Adopt

  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.

Top 10 Nigerian Startups in 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

How To Set Up A Mobility Fintech Company in Nigeria

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

7 Business Opportunities For Mobility Fintech In Nigeria

  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

Problems Confronting Mobility FinTech Companies in Nigeria and the Way Out

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

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