Nigeria FinTech Landscape - Impact Assessment

Key messages from Global FinTech Landscape (1/2) Globally, FinTech play both across the banking and insurance value chains with an emerging shift to B2B models ■ FinTech activity is concentrated in consumer and SME segments and insurance with most players leveraging APIs and Cloud as their core. technology ■ There is an emerging shift towards B2B businesses in Western markets, however emerging markets remain attractive for B2C players ■ There is a growing emergence of big tech companies focusing on providing one stop solutions to customers through their developing ecosystems This is in turn resulting in increased partnerships between banks and FinTech to provide tailored solution to customers. Funding to FinTech players continues to grow and increased attention is being paid to emerging markets ◉ Globally, $36 bn invested in 2019 in FinTech players Funding is starting to shift to emerging markets as investors search for growth opportunities and markets like India and Indonesia have seen significant funding activity Funding to the African ecosystem is also seeing increased traction with a ~73% y.o.y increase in start up funding from 2018 - 2019 driven by FinTech EFINA

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