Emaxwell:



That a big fat lie if only we are ready to make competent hardware


Why can't China beat out Software product

So it shows we are up to the task but no adequate resources

But startup nowadays come dae see pre see money shey I no go open my start up too

TheManhattan:


A more comprehensive regulation framework will check that( which is in the works with the CBN ). Moreover, NDPR, banks are bound by the CBN Consumer Protection Regulations (CPR), which places a responsibility on banks to protect customer information and assets entrusted to them from theft and unauthorised usage.

I believe customer needs are becoming diverse using my data with consent to give me a better financial solution isn't such a bad idea.

Emaxwell:



But the US cannot be addicted to it produce


And you can ban them from trading in Nigeria


Only that bubu and his cohort has sold Nigeria to China

Neddstark:


Retarrd is still masturbating on his assumptions.

Esseite:


Great.. but if the banks have such data, wont it be easier and safer since they are highly regulated and checkmated to offer such service, which they have actually been doing with bank products.

Anyways it's a good idea.

LegendHero:

Source: https://www.techawkng.com/2020/12/18/nigerian-api-startup-onepipe-secures-950000-pre-seed-funding/

grossintel:
Isn't the competition so much already? We have so many of them now.

Esseite:
Another payment App?

Competition is at the advantage of the populace, but too many just puts anyone managing peoples monies with virtually zero capital threshold against uncertainties. Moreover Nigerian banks mobile apps virtually do most of what these Fintech coys do.

Since the fintechs to achieve these milestones would be needing personal banking information of people divulged to third parties while being unregulated and prone to scams.

ClearFlair:


It's an API not an app.

ethicallyright:


I said in my quote which you quoted that I excluded Dangote and BUA because they don't understand technology. I mentioned GTBank CEO and Adenuga who have technology incorporated in their companies.

Angel investors are different from Venture capitalists . Venture capitalists will take all the shares and these young guys would be left with almost nothing. A venture capitalist must understand what he is investing in , but an angel investor could only be given assurance that what he is investing will work.

You're talking about terminologies and investment registers like they are a big thing. I'm talking about the general investment lifestyle of an average Nigerian.

Tell me the retired civil servant who lost 30 million naira to MBA forex this December understands anything about forex...

You don't need any idea to be an angel investor, you only need the will...

Excessnation:
many products in the USA are from China.

Excessnation:
I guess you’ve never been to China. Software development has gone very far in China, technologically China is more advanced than Europe and America. All what we are seeing here have been done long time ago.

VillagePeople11:


you are just saying nonsense and exposing how much little you know....founders usually maintain the highest shares among investors in their startups... that is how they remain CEOs.....one company's 5 percent equity shares can be worth millions of dollars depending on the company's valuation... so just because you hear they gave a startup huge amount of money does not mean they are getting a huge chuck of the company....moreover investors in tech are people with good knowledge of what is going on in it....it is not a random investment that promises you double your income like the MBA or whatever you just mentioned

thebosstrevor1:


Founders do not usually maintain high ownership of their businesses when they raise funds, their shares are diluted and some becomes mere employees of the businesses they found.

The only reason some founders are still ceo is because the investors ( board of directors) are still happy with the ceo, if things changes, the ceo can be sacked by the highest shareholders

Karleb:


I liked the fact that you used can.

It depends on the amount of shares you own.

They tried that with Mark but Bros had upto 68 percent shares.

thebosstrevor1:

He does not have up to 68 percent, he has 26% as of now.

thebosstrevor1:


Founders do not usually maintain high ownership of their businesses when they raise funds, their shares are diluted and some becomes mere employees of the businesses they found.

The only reason some founders are still ceo is because the investors ( board of directors) are still happy with the ceo, if things changes, the ceo can be sacked by the highest shareholders

VillagePeople11:


That's why I said you know very little about what you are talking about, you should be asking questions rather than arguing

thebosstrevor1:


Ok....data are public ooh

Even irokotv, i can tell you how much shares he owns.

I believe you dont what you are arguing about.

VillagePeople11:


Even if it is 15 percent shares he owns....No one investor in iroko tv has above 15 percent share...What l am telling you is startup founders usually own controlling shares in their company...that is how they remain CEOs....as a matter of fact some will not give above 49 percent in total to investors

Emaxwell:


Stop saying thrash bruh

Us funding for AI is more than half the world that is my field

ethicallyright:


She knows what she's saying. I wrote extensively about this sometimes ago. Africans are stupid. The money these Venture capitalists invested in this API firm is not up to one million dollars combined together.

This MBA forex that is currently experiencing crises, I know a person who invested 30 million naira and will lose it. I know another person who invested 8 million naira and would lose everything. I know of 4 guys who pulled resources to buy a 16 million naira Mercedes Benz for a Big brother Naija Finalist... GTBank CEO stated openly that he will never invest in any Fintech company. Adenuga owns a Telecommunication company(Globacom) and is most likely richer than these VCs that gave this API firm 1 million dollars combined together but he is living in a big barricaded mansion in Banana Island (without access to young tech
guys looking for sponsorship) when he knows the relationship between a telecommunication company and some API firms. I skipped Dangote, BUA etc because at least they don't do tech or innovation but organic and traditional goods.

What I'm writing about is what Bigbashiru is talking about- the inability of a country of more than 200 million people to fund one of its own.

ethicallyright:


I said in my quote which you quoted that I excluded Dangote and BUA because they don't understand technology. I mentioned GTBank CEO and Adenuga who have technology incorporated in their companies.

Angel investors are different from Venture capitalists . Venture capitalists will take all the shares and these young guys would be left with almost nothing. A venture capitalist must understand what he is investing in , but an angel investor could only be given assurance that what he is investing will work.

You're talking about terminologies and investment registers like they are a big thing. I'm talking about the general investment lifestyle of an average Nigerian.

Tell me the retired civil servant who lost 30 million naira to MBA forex this December understands anything about forex...

You don't need any idea to be an angel investor, you only need the will...

Esseite:
Another payment App?

Competition is at the advantage of the populace, but too many just puts anyone managing peoples monies with virtually zero capital threshold against uncertainties. Moreover Nigerian banks mobile apps virtually do most of what these Fintech coys do, Since the fintechs to achieve these milestones would be needing personal banking information of people divulged to third parties while being unregulated and prone to scams.

VillagePeople11:


how many...minus loan apps

TheOgaBoss:
most Nigeria fintech apps are basically just loan sharks, Hawking outrageous loans( high interest) all over the internet.