Nigeria FinTech Landscape - Impact Assessment
55
40
The Nigeria FinTech Landscape
~
Increased FinTech activity is driving investor interest in Nigeria; $600+ mn has
been invested in 16 Nigeria FinTechs over multiple rounds
Cumulative equity funding of fintechs in Nigeria
USD Mn, 2014-Jan 20202
Interswitch
Ρ
OPay
Flutterwave
palmpay
Interswitch
OPay (Operapay)
Flutterwave Inc.
PalmPay
NON EXHAUSTIVE
Investors for first 2 rounds
211
Adlevo Capital, Helios Investment Partners
200
Meituan-Dianping, IDG Capital
paga
yash, anywhere, ylime
MINES.IO
Paga
35
Mines.io
17
Carbon
ՍՈՕ
Carbon
16
Luno
14
paystack
Paystack
12
I-SEC
i.Sec
10
Lidya
Lidya
8
SureRemit
SureRemit
7
teamapt
TeamApt
6
Kudi
Kudi
5
kuda.
Kuda
2
BuyCoins
BuyCoins
1
CRE Venture Capital, VC FinTech Accelerator
MediaTek, NetEase, TECNO
Tim Draper, Omidyar Network, Capricorn ..
XSeed Capital, Nyca Partners
Net 1 UEPS Technologies, Inc.
Naspers
Y Combinator
Synergy Capital
Accion Venture Lab. Newid Capital
Hashed
Quantum Capital Partners
Y Combinator, Eric Nadalin
Haresh Aswani, Ragnar Meitern
Microtraction, Y Combinator
~20-25 fintechs
4
Source: McKinsey Fintech Panorama, Efina, Crunchbase, Partech, Digest Africa, Press Research,
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