Nigerian wealth management startup, @cowrywise has raised $3m pre-series A funding led by US-based VC firm,@QuonaCapital . This follows seed investments from the likes of @ycombinator, @microtraction,…
6 Nigerian tech policies to watch out for in 2021
In 2020, many tech policies came into effect while others hung over different sectors’ heads. Here are some policies Nigeria’s tech industry players in logistics, fintech, and others should watch out …
Reviewing Nigerian fintech predictions for 2020
In January 2020, a seasoned financial expert, @dejiolowe, made what is best described as educated and fun guesses for Nigeria’s financial sector: He walks us through the happenings of the year.…
Analysing OPay’s entry into Africa’s remittance market and plans for expansion
In recent months, Nigerian fintech company, OPay, entered a partnership with WorldRemit and launched an open API platform for developers. Dotun Adekunle, Vice President, Product and Engineering, expla…
The fintech sector made up 35% of Millionaire West African Startups in the last decade
Data from Techpoint Africa’s West African Startup Decade Report reveals that 35% of West African startups that have raised up to a million dollars are in the financial services sector. But what …
How Voyance wants to tackle the menace of fintech fraud in Nigeria
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…
Could sandboxes and open banking be the answer to 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…
