Nigeria Fintechs take lead in Africa, attract $122 million fund in 2019


The Financial Technology (Fintech) industry in Nigeria has come to stay, as it took the lead in Africa attracting $122 million in funds in 2019. This was disclosed in the 2019 African Tech Startups Funding Report.

The report stated that African tech startups, with 311 companies secured $491.6 million worth of investment in 2019 and Nigeria got 24.8% of that fund. The number of investors in African tech startups jumped by 61% to reach 261..


https://marketnewsng.com/2020/01/30/nigerian-fintechs-take-lead-in-africa-attracting-122-million-fund-in-2019/

Some can preach the doom and gloom about Nigeria because of their backward, hateful and negative mentality, but Nigeria remains the giant of Africa and the premair TECH investment destination.

Yoruba Lagba!

Good one, environment matter alot, we can do better here in Nigeria given the needed opportunities here in Nigeria.
Acts 8:22 KJV
Repent therefore of this thy wickedness, and pray God, if perhaps the thought of thine heart may be forgiven thee.
Acts 5:31 KJV. Christ is coming soon. Repent

Meanwhile...

Wickedfact:


Your younger brother's mates are winning millions of dollars, you are on Nairaland cancelling posts.
20 years from now, you would be in Shiloh shouting "I receive". Receive what?

I hope your family members don't have any expectations of you.

Hahahahahahahaha

Good Development

Gabflex:
Dear God, i need your Grace

You receive the grace in the name of the lord.

Amen!

Lordjiggs09:

Lord I see what you are doing for others, remember me too.

Remember what he is doing for the Lord

Too many venture partners
These guys have lost control of the company

OAUTemitayo:
Interesting

good for them after looking at their website somebody who knows them should tell them to look into their website security ooo

MondayOsunbor:



good for them after looking at their website somebody who knows them should tell them to look into their website security ooo

Why do you say so?

I was super excited reading the content. congrats maaannnnn

Wickedfact:


Your younger brother's mates are winning millions of dollars, you are on Nairaland cancelling posts.
20 years from now, you would be in Shiloh shouting "I receive". Receive what?

I hope your family members don't have any expectations of you.

This is too harsh nah. Them no dey play with you? I beg make we try and be soft on ourselves nah. Even me self, I dey post too harsh most times. I think we are all frustrated. Nigeria is hard, please don't let us make it harder. This advice is especially for me.

LandMann:
Hopefully they don't pack up and jappa one day with investor funds.

Best of luck to you guys

You dont trust people, meaning you yourself cant be trusted.

How then are we suppose to trust our btc to you

Things like this are not hard in the USA cause there's rule of law, in Nigeria if u give somebody your money just be prepared to hear story.

If u no hear story the person go carry your money run

Impressive

adelnehis:
Too many venture partners
These guys have lost control of the company

Tobi Lutke owned about 11% of Shopify. If you got an idea, and you got no funding, it can be demoralising. Not every can bootstrap

These are the pride of Nigeria

Great news

Good

So when are we going to start same in Nigeria...
Nigeria's housing problem is far worse than that if the US....
I need to build a house before I start having Children, if not landlord go just dey take person shine, year in,year out....

God bless the Yorubas

LegendHero:


Why do you say so?

i don talk finish

Wickedfact:


Your younger brother's mates are winning millions of dollars, you are on Nairaland cancelling posts.
20 years from now, you would be in Shiloh shouting "I receive". Receive what?

I hope your family members don't have any expectations of you.

You are not any different from the person you quoted Sha.
Your own younger brother's mates are winning millions while you are on Nairaland claiming tribal warlord.

Esusu is the Yoruba traditional banking/cooperative thrift/insurance system which has been of great assistance to a lot of people in the lower and middle class cadres. It's usually done between a group of people who know themselves. I hope this modern version works in Nigeria. Lower cost of funds for the poor plus good financial planning.

The only disadvantage is that there may be defaulters along the line. That happens in regular banking too anyway.

Kudos to the guys.

Kudos to them

Hope another invictus Obi is not loading

delpee:
Esusu is the Yoruba traditional banking/cooperative thrift/insurance system which has been of great assistance to a lot of people in the lower and middle class cadres. It's usually done between a group of people who know themselves. I hope this modern version works in Nigeria. Lower cost of funds for the poor plus good financial planning.

The only disadvantage is that there may be defaulters along the line. That happens in regular banking too anyway.

Kudos to the guys.

I think esusu is Igbo, in Yorubaland we call it ajo