Home Posts tagged Fintech
Business

Nigerian fintechs get $243m funding, below Egypt, South Africa, Kenya figures

 By Motolani Oseni Nigeria’s fintech startups amassed $243 million in funding over the past year, marking the lowest among the “Big Four” African nations, according to data from Afridigest, an African data and research platform. Despite a 16% funding decline in Nigeria for 2023, noteworthy startups like Moove ($66 million) and Lemfi ($33 million) successfully raised
Business

Effective market expansion strategies for fintech startups in emerging African markets

By Godwin Anyebe In the ever-evolving Fintech landscape, startups often set their sights on new horizons, which often involve expanding into emerging African markets, such as Nigeria, Kenya, South Africa, Ghana, and others. It is no news that these markets offer substantial growth potential while also presenting unique challenges that have to be navigated skillfully […]
Technology

Securing Stakeholders’ Trust in Nigerian FinTech Through ISO 27001:2022

By Kehinde Bamidele Nigeria’s FinTech ecosystem, which is one of the most vibrant in Africa, is rapidly transforming how individuals and businesses access financial services. With the rise of mobile money, online lending, savings apps, and blockchain platforms, digital financial inclusion is at an all-time high. However, this innovation comes with increased exposure to
Business

Nigerian fintech coys raise $1.2bn in 2022

Nigerian Fintech companies have raised venture capital funding of $1.2 billion in 2022, followed by Kenyan fintech who raised $1.1 billion and Egypt with $820 million. In Lagos alone, about 107 technology Start-ups raised funding to the tune of $750 million in 2022, and between 20,000 and 50,000 people are employed by different Start-ups across […]
Technology

FinTech’s Transformative Power in African Education: Bridging Financial Gaps for Future Generations

In Africa, the promise of education is often dimmed by the harsh reality of financial barriers. Across the continent, millions of children are unable to access quality education due to economic constraints. However, the rise of Financial Technology (FinTech) is revolutionizing this narrative, providing innovative solutions that are bridging these financial gaps and paving