Nigeria FinTech Landscape - Impact Assessment
FinTech have enabled the rapid growth of e-commerce, travel, mobility and
agriculture over the last 3 years (2/2)
Mobility
How Nigerian FinTech have enabled growth
☐
Enabled operations of global ride hailing
services e.g. Uber and Bolt through Paystack
and Flutterwave's digital payment solutions
Enabled penetration of bike-hailing services
through digital payments and agent services
egg ORide through OPay
Impact
■
>9,000 ride hailing drivers in
Nigeria enabled through
payment solutions
Global Examples
Gojek
- Enables ride hailing through
mobile wallet
- Over 2 million driver jobs
created in Indonesia
Agriculture
☐
Facilitated increased funding to the agriculture
space through crowdfunding e.g. Farmcrowdy
and Thrive Agric
Created digital marketplaces to facilitate trade in
agro-comodities and manage payments e.g.
Agrikore by Cellulant
■ Increased transparency and efficiency in agro-
subsidy programs e.g. Cellulant's fertilizer
subsidy wallets
■
~$30 million in loans disbursed
to farmers by crowd-sourcing
platforms
Over 12 million farmers were
reached by the fertilizer subsidy
wallet
Farmdrive, Kenya:
― Enables access to loans for
farmers by creating credit
scores
■ Farmecco, Australia:
-
- Captures financial elements of
farmers business and generates
live reports that help monitor
costs and revenues
SOURCE: Company Websites, Press Search
EFINA
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