Duale, Ovia & Alex-Adedipe’s Post

Nigerian 🇳🇬 startup fintech Lendsqr, known for its loan management software for banks, MFIs, and digital lenders, has launched a NGN1 billion (US$600,000) on-lending initiative aimed at helping local lenders expand their credit offerings. Since 2018, Lendsqr has empowered lenders to streamline operations and connect with borrowers through its seamless digital platform. 💬 CEO Adedeji Olowe shared insights on this new funding approach: “For a long time, we believed that providing top-tier lending technology was enough to help lenders scale… But technology alone cannot scale a loan business without adequate capital.” This funding pool targets licensed lenders in Nigeria, offering vital access to capital for growth. 🤝 The on-lending model addresses a critical need for digital lenders—access to sufficient loan capital. By bridging technology and funding, Lendsqr enables lenders to meet customer demand and remain competitive in the evolving market.  Read more: https://lnkd.in/djNcc5Cb ✨ Stay in the know! For the latest African news and insights, follow our WhatsApp channel - https://lnkd.in/ddAsW5S4  and never miss an update! 🌍📲 #Africa #Nigeria #Startup #Fintech #Funding 

💡 New Instant Payment System in UEMOA: A Revolution for Financial Transactions! 💳🌍 The Instant Payment System (SPI), recently launched in West Africa, marks a crucial step in modernizing financial transactions within the UEMOA zone. This new 24/7 infrastructure will allow real-time payments, regardless of the type of account: traditional bank, fintech, or electronic money issuer. With reduced transaction costs and broader access to financial services, the SPI presents a real opportunity for entrepreneurs, SMEs, and unbanked populations within UEMOA. 💬 Question for the fintech entrepreneurs in my network: How do you see the new Instant Payment System (SPI) impacting your business? Let’s dive into the discussion in the comments! 🔗 Find out more about the new instant payment system in the carousel above! #FinancialInclusion #UEMOA #Fintech #InstantPayments #Innovation #SPI #Africanentrepreneurs #Entrepreneurship #Mobilemoney #Mobilebanking #Angelinvesting

London-based Fintech Company Unlimit Expands Operations to Tanzania After Securing License From The Bank of Tanzania London-based fintech firm Unlimit is expanding its operations into Tanzania after securing a license from the Bank of Tanzania (BOT). This move, occurring less than a year after the company’s expansion into Nigeria and Kenya, solidifies its position as a leading provider of payment solutions in the region. With the BOT’s approval, Unlimit aims to introduce a range of services in Tanzania, including business payments, merchant services, and outbound payments. Read More👇🏼 #payments #unlimit #fintech #tanzania Trevor Goott Dimitri Archatow Jack Jia

Fintech solutions bridge this gap by providing access to essential financial services through mobile technology commonly known as “Mobile Banking”. 📳 💰 This rise of digital payments and microfinance such as Orange Money Sénégal, Wave Mobile Money and Djamo Sénégal are empowering small businesses and entrepreneurs, thereby driving economic development. 🌍 From an international perspective, #Senegal is not just a market, it is a gateway to the wider West African region. 📍 Stable due to its political position in a tense sub-Saharan region, investors are flocking to Senegal to penetrate this growing FINTECH market. #FINTECH #MOBILE #BANKING

🚀 Must-Read: Africa's Fintech Sector Set to Skyrocket to $65 Billion by 2030! Africa's fintech sector is set for an explosive transformation, with projections forecasting a remarkable $65 billion market by 2030 – a 13-fold increase from 2021. Propelled by technology and a surge of new fintech champions, Africa emerges as the global epicenter of fintech growth. With payments and remittances leading the charge, the sector's rapid evolution promises terrific innovation. Explore the full story here: https://lnkd.in/dggPyDPj #Africa #Fintech #Innovation #Entrepreneurship #Banking #Payments #AfricanFintechs

Fintech in Nigeria has become more competitive and saturated than it used to be. The influx of new companies has made it a necessity to be very innovative with strategies. It is therefore important, that anyone looking to start a fintech company in Nigeria, must introduce a unique strategy to penetrate the market and retain the audience. #icnc #thecommerciallawyer #fintech #fintechstartup #nigerianfintech #fintechlawyer #goodlawyerinlagos #cbn #howtostartafintechinNigeria #lawyersoflinkedin

Thanks to the Nigeria Sovereign Investment Authority for selecting Tribapay as one of its 25 innovators in this year’s funding. Payment in Africa is still fragmented, despite how many fintechs we have. People often see fintech as a crowded space, but some things remain unchanged. If you travel within Africa or do business across African countries, you’d see that slotting into the finance system in other African countries is a complete impossibility. Most Africans that go to other African countries still spend cash, because there isn’t a solid digital alternative. Two big problems - currencies are different, but the other one is methods of payment. Some African countries rely on Momo, some rely on bank accounts, some rely on Mpesa etc. African payment is complex. Tribapay is simplifying it.

Nigeria's Fintech Industry has Received Over $2 Billion in 2024 - iAfrica: Nigeria's fintech ecosystem secured over $2 billion in investments in 2024, according to the Economic Report released by the Office of the Special ... #finpeform #fintech

Fintech in Nigeria has become more competitive and saturated than it used to be. The influx of new companies has made it a necessity to be very innovative with strategies. It is therefore important, that anyone looking to start a fintech company in Nigeria, must introduce a unique strategy to penetrate the market and retain the audience. #icnc #thecommerciallawyer #fintech #fintechstartup #nigerianfintech #fintechlawyer #goodlawyerinlagos #cbn #howtostartafintechinNigeria #lawyersoflinkedin

Can every FinTech succeed in Nigeria's digital payment scene 📲 The Nigerian #Fintech startups had over $ 1.3 billion in H1 2023, and this is expected to reach over $ 2 billion in H1 2024. 📱 Most FinTech #Startups in Nigeria are largely focused on #payments and #remittances with the majority of the firms in #mobiletransfer, lending, and #crossborder payments representing a share of over 40%. ✴ Fintechs are taking over the #digitalbanking landscape with similar and innovative banking services such as the neobanks (OPay, TransferGo, ATLMoney, Wise, etc.) ✴ FinTech banking has facilitated financial #inclusion by reaching previously underserved populations, such as the #unbanked and #underbanked segments. ⭕ Through #partnerships with #telecom operators, #ruralbanks, and other #microfinancial institutions, FinTech companies have extended their reach to remote areas, bringing essential financial services to millions of Nigerians who were previously excluded from the formal banking system. ⭕ Fintech services are growing and dominating in many aspects of the financial sector with increased #funding, #regulations and #awareness. Read the full report here https://lnkd.in/eP__5e93 #nigeria #fintech #startups #neobanks #fintechbanking #payment #digitalbanking #remittances #financialinclusion #regulations Fintech Association Of Nigeria John Adamah Tolulope Opayinka Olajumoke Opayinka Charlotte Wise Onoyom Okon Blessing Ogbonna Ogechukwu Christabel Okenegbu Vicentia Ogbedei Ashai Chidozie Oguaghamba OGECHI MBATA