Fintech Companies combine finance and technology and play an outstanding role in Nigeria’s progress. They help enhance financial inclusion, economic growth, technological innovation, employment generation, and government services.
The Fintech landscape in Nigeria is unarguably a flourishing and competent ecosystem that is evolving rapidly with digitalization. Fintech in Nigeria has a golden future, with the dedicated adoption of digital financial services while exploring new and innovative solutions.Flutterwave has been revolutionizing Nigerian global payment infrastructures since 2016. This tech company is well known for its outstanding payment solutions, advisory services, and swift transaction processing.
The main product Paystack is known for is an online platform and mobile apps that make the entire process of accepting online payments easy. Paystack had already been a major player in Nigeria, even before it was bought by Stripe in 2020 for $200 million. By that time, haystack was already being used by over 60,000 businesses.
Paga partnered with big companies like Western Union and Moneytrans for international transfers and is presently listed among Nigeria’s most successful Fintech companies. Topping this with winning the award of the best Fintech startup in 2019 at the AppsAfrica Innovation Awards.