A state of the industry report on the Nigerian Fintech and RegTech activities. It covers the current state of digital innovations and regulatory activities up to the first half of 2023.
Nigeria’s Fintech sector is expected to reach 60% whilst the RegTech sector is on course to rise by 40% among all start-ups by 2026 LAGOS, Nigeria, 6 October 2023 /African Media Agency /- RegTech Africa & Agpaytech has released a report on the State of Fintech and Regtech activities in Nigeria. The deals reached 60 transactions and raised a combined $189m in Q2 2023, a 64% reduction from the same period in 2022.-related sector.
“There are several untapped RegTech opportunities not only in the financial sector but other areas like healthcare facilities, pharmaceutical business, environmental agencies, aviation and transportation, real estate and property, energy and utility compliance, automotive compliance, etc. This data-driven report will therefore serve as a valuable resource for businesses looking to take advantage of the huge potentials in the Fintech and Regtech sectors of Africa’s largest economy” said Mr.
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