I am using the KUDA, there services is superb, free transfer no charges. So happy to see it online it gives peace of mind now

Kuda is nice , I have been using them to cash out from my payonner account and their service is fantastic.

So you know, Stripe is already in Nigeria and Africa, thanks them buying Paystack.

PayPal is continuing to observe the Africa players before making a decision.

Virus99:

Since 1999 paypal and even stripe (both mainstream payment platforms) are yet to come to Nigeria. So what makes you think WhatsApp pay (a side player) will come ?
There are lot of features on Facebook right now that are not opened to African users, thats not to talk of the much more precarious fintech world.

Kindly allow me to take things from another angle;

Google bought YouTube for millions of US dollars. That means the owner of YouTube got paid millions. He was retained to continue running YouTube; this means he is now being paid (still in millions, thanks to salary, stock option, benefits) as a top ranking Manager at the company.

Stripe bought Paystack. The owners of Paystack have been retained to continue managing the company and yea they will be paid for this amd it won't be in naira, in addition to the millions they have made in dollars, from selling the company.

These are just a few examples. In addition, these former owners of Paystack and YouTube are also free to walk away, just like the owners of Whatapp/Instagram walked away after continuing to work, when Facebook bought them.

These kinds of money's can't be made by owning a shop.

The question should be, what are you good at? And then focus on that thing and grow it.

HallaDaTruth:
If you know how much those 2by2 shop owners are generating, you go piss your pants. Also one has freedom to do what he wants with his money while owners of fintecs need to consult their partners before making any decision. Also fintec can take over anytime. In 2018 i had a chance to start a tech company but i was given a condition to give a huge part of my company percentage to the would be investors. I had to turn down the offer. Igbos have the world's largest apprenticeship system. What that means is that we don't need tech companies or foreign partnerships to generate all the capitals we need to start any business. If you don't own your business 100% then you are not truly free. That's one of the reasons igbos stand out from you guys. Can the owner of paystack still lay claim to the company today?. You guys try to mock us on nairaland but in real life we just laugh at the ignorance of your people. So continue to massage your ego. It doesn't affect us at all.

Hammyaladin:
Silicon valley comes to Mind....

Piedpiper!!!!!!

I watch the show all the way too bro. It was as if it should never end.

Princedapace:


All u said still doesn't change the facts.

No one pushed north into high population. Did we ask north to go into terrorism? Did we ask north to birth and birth and birth anyhow they like?

How can u use population as excuse for ur problems? How? When it is not by force to have large population u can't meet their needs.

North has ruled this country more than any other region. Has North turn into developed region?
How can u say u are doing well in education when greater number of ur population are out of school and others need lower cut off marks to secure admission? Guy, sincerely, north is just funny.
North remains the poorest region in the world. North remains the region with highest mortality rate

North remains the region that doesn't want a breakup or restructuring
North remains the only region with highest number of illiterates in the world

North destroys alcohol based businesses but still take money generated from alcohol based businesses. I mean, North is simply shameless. I just don't get it.

Lowest cut of mark? BUK and ABU have one of the most applicants in Nigeria and is only in the core North that u can't pay lecturer to pass exam in Nigeria.
I can see u're in deep pain because of alcohol, we don't want it and u've to shun it in our territory.
Nobody said our population is a prblm, it's only u who see it that way because it serve its purpose.
In the North, we don't have illiterates because those who don't understand or speak English understand or speak arabic, we value them for this.
Pls, dnt allow Northern matter to give u HBP because ur dream can't be actualized in Nairaland forum.
If u want to knw the true north contrary to what bigots feed u with then come and see the reality.
I've been to almost all Nigerian states and saw the filthy and devastated, illiterates, helpless ppl in all the corner of this nation especially villages. So u can't cover the suffering of ur ppl just because u want to degrade others.

Despite the hurdles, the Yoruba Man moves forward and onwards. Kudos guys, remember to keep your wealth above the mob.

TakeYourChance:
Kindly allow me to take things from another angle;

Google bought YouTube for millions of US dollars. That means the owner of YouTube got paid millions. He was retained to continue running YouTube; this means he is now being paid (still in millions, thanks to salary, stock option, benefits) as a top ranking Manager at the company.

Stripe bought Paystack. The owners of Paystack have been retained to continue managing the company and yea they will be paid for this amd it won't be in naira, in addition to the millions they have made in dollars, from selling the company.

These are just a few examples. In addition, these former owners of Paystack and YouTube are also free to walk away, just like the owners of Whatapp/Instagram walked away after continuing to work, when Facebook bought them.

These kinds of money's can't be made by owning a shop.

The question should be, what are you good at? And then focus on that thing and grow it.

Capitalism vs Socialism. You are still not getting the deep picture or the long term picture. I would rather own a business that my children can inherit. It goes beyond what you described as 2 shop. I can't live your life for you, if you like you can go into such partnerships. I remember when Nigerians were going into website building and the owning of servers, Google suddenly released GNBO ( Get Nigerian Businesses Online). That crashed what would have become the Nigerian dream to server dominance. Its called corporate tech slavery where all tech companies will be owned and controlled by the few elites. You mentioned the original owner of whatsapp, are you aware he sold that company under duress ?. Do you know that a behemoth like Google can decide to crush your company if you refuse to sell to them.?. There are so many social media companies that refused to sell out to Google and Facebook and they were either set up or were out played by monopolistic manipulations. A social media company known as gab was kicked out of all play stores cos they refused to promote the coperate world lie or sell to Google. Are you aware that liberty reserve was destroyed by PayPal just because they refused to sell. Suddenly we heard that the owner was involved in shady deals. Early this year payoneer was almost destroyed until they reached an agreement with mastercard. I have worked in this industry and if you refuse to bow to them, they find a way to get to you. I see a lot of people clapping at these feel good deals. They have no idea about what duress agreement takes place behind the scenes. Only a few elites wants to control the world of Tech, even food will be controlled by a few. Remember how chivita was purchased by coke. Are you aware that even local farmers will soon sign forced deals because as long as you buy foreign fertilisers and gmo seeds, they have a right to your food profit ?. Guy i don't want to go into details. Here is my advice for you. SELL NOT YOUR COMPANY. Many igbos know what they are doing with their "2 Shops"

HallaDaTruth:
Capitalism vs Socialism. You are still not getting the deep picture or the long term picture. I would rather own a business that my children can inherit. It goes beyond what you described as 2 shop. I can't live your life for you, if you like you can go into such partnerships. I remember when Nigerians were going into website building and the owning of servers, Google suddenly released GNBO ( Get Nigerian Businesses Online). That crashed what would have become the Nigerian dream to server dominance. Its called corporate tech slavery where all tech companies will be owned and controlled by the few elites. You mentioned the original owner of whatsapp, are you aware he sold that company under duress ?. Do you know that a behemoth like Google can decide to crush your company if you refuse to sell to them.?. There are so many social media companies that refused to sell out to Google and Facebook and they were either set up or were out played by monopolistic manipulations. A social media company known as gab was kicked out of all play stores cos they refused to promote the coperate world lie or sell to Google. Are you aware that liberty reserve was destroyed by PayPal just because they refused to sell. Suddenly we heard that the owner was involved in shady deals. Early this year payoneer was almost destroyed until they reached an agreement with mastercard. I have worked in this industry and if you refuse to bow to them, they find a way to get to you. I see a lot of people clapping at these feel good deals. They have no idea about what duress agreement takes place behind the scenes. Only a few elites wants to control the world of Tech, even food will be controlled by a few. Remember how chivita was purchased by coke. Are you aware that even local farmers will soon sign forced deals because as long as you buy foreign fertilisers and gmo seeds, they have a right to your food profit ?. Guy i don't want to go into details. Here is my advice for you. SELL NOT YOUR COMPANY. Many igbos know what they are doing with their "2 Shops"

Life does not revolve around 2 by 2 shops. There is nothing spectacular about buying and selling and it doesn’t require too much intelligence or expertise to that extent so I don’t see all this noise about Igbo 2 by 2 shops and how you tend to relate it to Fintech or IT companies springing up.

There are plenty of retail traders dealing in different merchandise, some lace &Ankara, some Hausa native wears and some ready made clothes and shoes. Its just a game of importing and reselling to the final consumer so I don’t see why you guys come online and equate that to fintech companies as comparison.

The world is moving away already from the regular brick and mortar stores and the next big think is now e-commerce and those online trading.

You mentioned Paystack, can you compare those to 2by2 shops? We are talking of people that sold intellectual property for millions of dollars and they can rise up tomorrow to create another platform and grow it up coz they already made the name for themselves coupled with the experience and networks.

There will always be a large enterprise which most times turn things to monopoly but that doesn’t sometimes stop new ideas to spring up and not an avenue to discourage young tech guys from dreaming.

Stop comparing 2by 2 retail stores to all these successful fintechs and IT startups, it’s sickening and it’s two separate things.

springtech:

It's not about knowing fintech, it's about proving it. No one doubts or argues with results.

The likes of Kuda, paystack and the rest of them attracting foreign direct investments or seed funds have simply been able to proof their worth in the fintech space.
Interswitch is said to be worth $1Billion as at today. So that's the amount any investor would pay to buy her over.
You can attest to the fact that this company has proved her mettle and has shown her strength over the years.

Trust me, there are lots of other fintech products that will still attract such large investments, but are currently "showing working".

All the best bro.

You’re right!

LegendHer0:


Life does not revolve around 2 by 2 shops. There is nothing spectacular about buying and selling and it doesn’t require too much intelligence or expertise to that extent so I don’t see all this noise about Igbo 2 by 2 shops and how you tend to relate it to Fintech or IT companies springing up.

There are plenty of retail traders dealing in different merchandise, some lace &Ankara, some Hausa native wears and some ready made clothes and shoes. Its just a game of importing and reselling to the final consumer so I don’t see why you guys come online and equate that to fintech companies as comparison.

The world is moving away already from the regular brick and mortar stores and the next big think is now e-commerce and those online trading.

You mentioned Paystack, can you compare those to 2by2 shops? We are talking of people that sold intellectual property for millions of dollars and they can rise up tomorrow to create another platform and grow it up coz they already made the name for themselves coupled with the experience and networks.

There will always be a large enterprise which most times turn things to monopoly but that doesn’t sometimes stop new ideas to spring up and not an avenue to discourage young tech guys from dreaming.

Stop comparing 2by 2 retail stores to all these successful fintechs and IT startups, it’s sickening and it’s two separate things.

Let ignorance be clouding his mind.

LegendHer0:


Life does not revolve around 2 by 2 shops. There is nothing spectacular about buying and selling and it doesn’t require too much intelligence or expertise to that extent so I don’t see all this noise about Igbo 2 by 2 shops and how you tend to relate it to Fintech or IT companies springing up.

There are plenty of retail traders dealing in different merchandise, some lace &Ankara, some Hausa native wears and some ready made clothes and shoes. Its just a game of importing and reselling to the final consumer so I don’t see why you guys come online and equate that to fintech companies as comparison.

The world is moving away already from the regular brick and mortar stores and the next big think is now e-commerce and those online trading.

You mentioned Paystack, can you compare those to 2by2 shops? We are talking of people that sold intellectual property for millions of dollars and they can rise up tomorrow to create another platform and grow it up coz they already made the name for themselves coupled with the experience and networks.

There will always be a large enterprise which most times turn things to monopoly but that doesn’t sometimes stop new ideas to spring up and not an avenue to discourage young tech guys from dreaming.

Stop comparing 2by 2 retail stores to all these successful fintechs and IT startups, it’s sickening and it’s two separate things.

Dude its very clear that you are not getting the point. I only used the word 2 by 2 because you are the one that brought that up. Of course Igbos do more businesses than selling in a shop. Na we get konga, we are in partnership with most of the phone brands, car brands. Import/export , aviation, banking, pharmaceutical companies. Did you not hear of the Igbo guy that created a company but sold it to Apple? etc etc etc. Let's get that out of the way. My main point is about how the corporate world steals control of start ups that they perceive as threats in a very slick way. Ask yourself one question. Why can't Mark Z sell Facebook. Why are Rich Africans not buying Google or apple etc. You have no slightest idea what's going on . Its very clear you are not on the same train with my thought process. I won't reply you again. After all this whole conversation was born out of Your tribalistic statement to say Igbos are only into shop business. ( What an ignorant statement to make). Continue to feed your Ego on nairaland. Enjoy

This is really impressive. Now you can ccess your finances at work, at home or on the go! Enjoy seamless online and mobile transactions with FCMB business ?? account. Open account now https://on.fcmb.com/online-account-business3

With just your bvn.. the highest amount it can carry is #300,000 but with your identification card.. it's unlimited

Yeah. That's if the person has mobile app.. that's very easy

lastchild:
good, does it have a maximum amount it can carry?

can someone pay me direct to the app

chinavs9ja:
That's great!

Do you want to start your own platform like Paystack, Flutterwave, e.t.c Kindly check my signature as I will develop it for you. Fintech really pays. Start yours today!

You work alone or work as a team? Send your portfolio to the no on my sig. Web apps only. Dont send anything company websites to me.

webshopNG:

You work alone or work as a team? Send your portfolio to the no on my sig. Web apps only. Dont send anything company websites to me.

Okay, I do work as team but I am the chief developer.

I understand your point, however, as I mentioned, there are exceptions; choosing to keep your business as the ibis, as you mentioned could have a negative impact as well. For example, Corona virus came and small businesses were impacted. Amazon became more popular. So it's not always safe to be that small.

What you want to do is to create a product that is not easily replicable; tech can be replaced, so these companies would buy or crush competition.

But there is an exception; for example have you heard of Carabello Coffee ( www.carabellocoffee.com )? Starbucks wanted to buy them and failed. Starbucks tried to crush them and failed. Why? Though they produce coffee like Starbucks, their actual business isn't in making coffee for customers, just as Starbucks does. Their actual business is creating happiness for customers. That's something Starbucks can't copy and as such can't crush.

Their is a very very small hotel in Japan that is like 500 years old; all these big hotels have tried to buy it, crush them and failed. Why? That hotel focuses on giving peace to their clients. That's something other hotel big names can't copy.

So as a business owner, you have choose how you want to position;

1. As a typical transaction business (get paid for what you offer/sell)

OR

2. Offer intangibles that grab peoples attention.

It is also important to note that many businesses do not do what they seem to do. I'll explain with examples below;

1. Apple is not in the business of making nice devices etc. They are rather in the business of selling prestige/exclusiveness. As a result, certain people who want to feel exclusive buy their products.

2. Telcos are not in the business of connecting calls, SMS etc. They are rather in the business of data management.

As a result, you must have an extra and unseen qualities that distinguish you from the competition and that can't be easily copied.

HallaDaTruth:
Capitalism vs Socialism. You are still not getting the deep picture or the long term picture. I would rather own a business that my children can inherit. It goes beyond what you described as 2 shop. I can't live your life for you, if you like you can go into such partnerships. I remember when Nigerians were going into website building and the owning of servers, Google suddenly released GNBO ( Get Nigerian Businesses Online). That crashed what would have become the Nigerian dream to server dominance. Its called corporate tech slavery where all tech companies will be owned and controlled by the few elites. You mentioned the original owner of whatsapp, are you aware he sold that company under duress ?. Do you know that a behemoth like Google can decide to crush your company if you refuse to sell to them.?. There are so many social media companies that refused to sell out to Google and Facebook and they were either set up or were out played by monopolistic manipulations. A social media company known as gab was kicked out of all play stores cos they refused to promote the coperate world lie or sell to Google. Are you aware that liberty reserve was destroyed by PayPal just because they refused to sell. Suddenly we heard that the owner was involved in shady deals. Early this year payoneer was almost destroyed until they reached an agreement with mastercard. I have worked in this industry and if you refuse to bow to them, they find a way to get to you. I see a lot of people clapping at these feel good deals. They have no idea about what duress agreement takes place behind the scenes. Only a few elites wants to control the world of Tech, even food will be controlled by a few. Remember how chivita was purchased by coke. Are you aware that even local farmers will soon sign forced deals because as long as you buy foreign fertilisers and gmo seeds, they have a right to your food profit ?. Guy i don't want to go into details. Here is my advice for you. SELL NOT YOUR COMPANY. Many igbos know what they are doing with their "2 Shops"

Philipponzaghi:
Who Dey give all these guys this money self.

Na so so so seed funding we Dey hear everytime.

I sabi FinTech too, just dash me investment.

HI.. What part of fintech do u sabi. Am serious. I need someone to deal with

Hey guys, if you are interested in seed funding sign up below

https://seedscout.club/3xyhict

LegendHero:

Source: https://www.thisdaylive.com/index.php/2020/11/11/firm-raises-10m-eyes-digital-first-banking-licence/