Nigeria FinTech Landscape - Impact Assessment

Nigeria FinTech Landscape - Funding FinTech funding in Nigeria has grown at ~197% over the past 3 years Funding in Nigeria USD millions PalmPay Opay Interswitch 459 52 2017 Oor JF 27027484 B FEDERAL RESERVE.NOTE F6 SOURCE: EflnA 2018 FinTech report, Wetracker 2018-19 FinTech report 40 200 Key insights ■ ☐ Funding has grown >190% over the past 3 years driven by increased foreign investments 2019 investments were driven largely by Visa's $200M investment in Interswitch and Chinese capital in OPay ($170M) and Palm Pay ($40M) +197% p.a. 170 105 49 18 2019 EFINA 44

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