Nigeria FinTech Landscape - Impact Assessment
The Nigeria FinTech Landscape
This has prompted FinTechs to develop innovative value propositions across the
financial services value chain to address these unmet need
Products Sub-category
Wallets
Payments Processors
Remittances
Savings
Savings
Wealth
management
Retail lending
Core value proposition
Easy to sign up, easy to use stored value wallets using mobile phones and
incorporating key use cases for customers across transportation, food and
digital services
Simplified channels to allow MSMEs and corporates receive online
payments from customers
Easy, instant cross-border transfers at a fraction of cost and time of
conventional players- often leveraging cryptocurrency
Automated, disciplined and high return savings for middle class customers
and millennials
Offer customers investment options in diverse industries on online platform at
attractive rates (significantly higher than banks savings accounts)
Instant, unsecured, short term loans to retail customers leveraging alternative
credit scoring algorithms and data
Quick, unsecured working capital loans to MSMEs with minimal
documentation
Example players
ρ
OPay
Paystack
paga
your cash, anywhere, anytime
NOT EXHAUSTIVE
cellulant
life is mobile
Flutterwave
Interswitch
etranzact
Bit
Pesa
SureRemit
CHIPPER
CowryWise
RISE
piggyvest
trove
Investing, simplified.
chaka
Wealth.ng
renmoney
carbon
ferratum
money
Lidya
FairMoney
schoolable
MSME lending
Lending
Lending
infrastructure
Lending platform for banks and other lending players to simplify lending
process and provide risk assessment
migo
Indicina
Social Lender
EFINA
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