Voyance, a Nigerian data science company, has launched Sigma to help fintechs tackle the constant problem of fraud. We have a chat with its co-founder, Abdul, and a fintech founder to weigh the merits…
Sandboxes, open banking, and the impact on financial inclusion in Nigeria
Recent moves, such as open banking and sandbox initiatives, have been made to improve financial innovation in Nigeria. Based on recent studies, could they really be the answer to deepening financial i…
In the battle between banks and fintechs, the customer is the only true winner
With reduced interest rates eclipsing those offered by fintechs in the moneylending space, commercial banks may be creating fresh competition that could give Nigerians a taste of what has been missing…
Beyond OPay, your favourite lending apps may be at risk for alleged violation of Google’s policies
A recent report suggests Opera’s micro-lending platforms may have violated Google’s policies but other lending platforms are not exempt from this. Should they be worried?…
Financial predictions for 2020: WhatsApp will give fintechs a tough time
Fintech expert, Adedeji Olowe makes some educated guesses on the Nigerian fintech space in 2020, with WhatsApp predicted to put fintechs under threat, a major fintech acquisition and the arrival of th…
CBN’s revised guidelines and the surface narrative of a threat to Nigerian fintech platforms
In a bid to deepen financial inclusion, CBN revised bank charges to a seemingly tolerable extent, but a lot is left to be desired when compared to what is offered by various fintech platforms…
Fintech 2019 predictions revisited: What really happened?
A look at the predictions of Open Banking Nigeria trustee, Adedeji Olowe, for the financial technology space in 2019 shows that some of them came to pass.…
Nigeria now has its first fintech industry innovation sandbox
Backed by the CBN and NIBSS, Financial Service Innovators has launched a fintech industry innovation sandbox to help innovators develop creative financial solutions and scale regulatory hurdles…
Why fintech surpasses health-tech in the Nigerian market
From a lack of knowledge to antiquated documenting systems, industries in Nigeria have not taken advantage of technologies that could transform their domains. We compare two industries in Nigeria on h…
Nigerian digital bank startup, Kuda, secures $1.6 million pre-seed funding
Online digital bank startup, Kuda, yesterday raised $1.6 million in a pre-seed round from angel investors Haresh Aswani and Ragnar Meitern, amongst other investors.…
Fintech startups are democratising investment opportunities for Nigerians, irrespective of their disposable income
Financial technology startups in Nigeria are breaking down investment opportunities for everyone, irrespective of their disposable income.…
The interesting symbiotic relationship between banks and fintechs in Nigeria
How the relationship between fintechs and banks is favouring both parties with the latter providing a support system to the former.…
OyaPay shutdown: A sad case of family investment gone wrong
Fintech startup, OyaPay has shut down its operations. The founder shares what led to the demise and how they managed to move on to a happy ending.…
2018 in Retrospect: What happened in the fintech space in Nigeria?
2018 was indeed the year of the fintech startup. These are some of the activities that transpired within the Nigerian fintech space this period.…
Regulating fintech in Nigeria and financial inclusion
Mabel Ekeke, Senior Associate at Babalakin & Co (Techpoint Publishing Partner) advocates for Nigeria to adopt a regulatory approach or regime that is conducive for fintechs, just like in the UK a…
CBN and the stumbling block for innovation in Nigerian fintech space
How the Central Bank of Nigeria is coming up with regulations that could impair the growth of the fintech sector in Nigeria…
SimplePay might be dead, but the fintech industry faces far bigger threats
Nigerian fintech startup, SimplePay is effectively dead. Its sad demise is bringing to light a serious issue of fraud in the industry…
Fintechs are getting a delicious piece of the financial services pie but Nigerian banks are not worried
Even though they offer online services that position them almost at par with commercial banks in Nigeria, it appears commercial banks do not see finance companies (fintech startups) as a real threat.…
2018 is the year of the Nigerian fintech startup
We explore the possible reasons why financial services startups are getting the lion’s share of attention and funding, as evident in the Nigeria Startup Funding Report for Q2 2018.…
Kaduna-based fintech startup, Payant crosses ₦1 billion transactional milestone
Kaduna-based fintech startup, Payant announced over ₦1 billion in transaction value in less than 2 years of operation. They also shared projections for the year end.…