Techibytes:
CBN: you will need 2 billion naira to register a Fintech company.


The federal government of Nigeria through the Central Bank of Nigeria has released the new requirements for registering financial technology businesses in the country. This post consist of the amount required and we also touch the top 10 biggest Fintech companies in Nigeria.


There are now more than 250 Finutech companies in the Nigeria.

Financial technology (Fintech) is an economic initiative composed of companies or Startups that uses technology to deliver financial services to consumers – the technologies may include the internet, apps, mobile phones and other technological devices.

The core aim of Fintech is to enhance and achieve financial inclusion globally. Fintech companies offer services such as money transfer, depositing a check with your mobile phone, applying for credits, raising funds for business, POS services etc., little or no physical presence because the entire banking process is online.

Some of these companies use the Ajo (thrift) scheme method and charge zero interest on loans.

https://techibytes.com/top-10-fintech-companies-in-nigeria/