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In the first quarter of 2023, cashless transactions across fintech entities in Nigeria grew by 44.84 per cent amounting to a total of N126.73 trillion naira up from N87.73 trillion naira in the corresponding period of 2022. [9] [4] But the growth of fintech has also led to increased cyber-attacks against fintech entities. In December 2023 ...
Kuda, also known as Kuda Technologies Limited, is a Microfinance Bank and fintech company operating in Nigeria and the UK. It was founded by Babs Ogundeyi and Musty Mustapha in 2019. [1] [2] [3] The company initially begun as Kudimoney, or "the bank of the free", an online-only savings and lending platform.
Open banking in Nigeria was kickstarted by the Open Banking Nigeria as an initiative to be non-partisan and non-financial API standards for Nigerian financial services. It was formed in June 2017 by a group of bankers and fintech experts who got together to propose the adoption of common API standards for the country. [13]
Kora is a pan-African payment infrastructure company headquartered in Canada with offices in Nigeria and the United Kingdom. [1] The fintech company enables local and global businesses to accept payins, make payouts, and get settled across popular payment channels across Africa.
In 2022, Moniepoint was named One of the Most Promising Fintech Startups by CB Insights [13] and also won the Financial Inclusion Award. [14] In 2023, Moniepoint got listed by the Financial Times as the Second-Fastest Growing Company in Africa. [15] Also, it was awarded the Rising Star Family Business award organized by Business Day and PwC ...
Opay Digital Services Limited commonly called Opay, and formerly Paycom Nigeria Limited, is a fintech mobile money operating company founded by Zhou Yahui and Djxbazz in 2013 with headquarters in Ikeja, Lagos State, Nigeria. [1] It is among the four major fintech companies in Nigeria: Moniepoint Inc., Kuda, and PalmPay. [2]
"Fintech", a clipped compound of "financial technology", refers to the application of innovative technologies to products and services in the financial industry.This broad term encompasses a wide array of technological advancements in financial services, including mobile banking, online lending platforms, digital payment systems, robo-advisors, and blockchain-based applications such as ...
Pages in category "Financial technology companies of Nigeria" The following 7 pages are in this category, out of 7 total. This list may not reflect recent changes .