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FinTech Association of Nigeria known as FintechNGR is a Nigeria based self-regulatory, nonprofit and non-partisan organization focused on accelerating the growth of financial technology, facilitate investments and create enabling financial technological environment for innovation in Nigeria. [1]
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]
Interswitch is a leading African integrated payments and digital commerce platform company headquartered in Lagos.Founded in 2002 in Nigeria, as a transaction switching and processing company with national focus, Interswitch progressively evolved to incorporate consumer financial services with the successive launches of Quickteller, a retail payments ecosystem linking merchants and billers ...
Fintech Farm, a newly launched fintech startup based in the U.K. that creates digital banks in emerging markets, confirmed to TechCrunch today that it has raised $7.4 million in seed funding. TA ...
"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 ...
According to EY Global's official Fintech Adoption Index, which is a comprehensive survey of 27,000 consumers across 27 key markers, global consumer adoption of fintech services was recorded at 64 ...
In October 2021, the company raised a $2 million seed extension and announced expansion into Nigeria. [ 9 ] [ 10 ] In February 2022, Stitch raised $21 million in Series A funding, led by New York-based long-term investment firm The Spruce House Partnership, for its API infrastructure and embedded finance platform.
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]