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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]
"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 ...
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 ...
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.
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 ...
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]
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 ...