Nigeria FinTech Landscape - Impact Assessment

However, significant opportunity still exist to enable solutions within education and health which will cut across all segments, and can help empower the BoP Education Health Global examples of impact SoFi, US: Enables students refinance existing loans 18 billion in refinanced student loans 300,000+ SoFi members have refinanced loans Flywire: Provides tailored end to end global payments solutions for schools - $10 billion in total transaction volume BIMA Provides affordable mobile health and insurance services to underserved individuals - 26 million customers in 15 countries ■ Microensure - Affordable insurance to undeserved groups by bundling with airtime and micro loans >40 million customers mPharma Financing inventory of drugs at pharmacies - 400k patients in 5 African countries SOURCE: Company Websites, Press Search Early progress made in Nigeria Providing end to end financing and payments solutions for schools and parents e.g. Schoolable Enablement of new payment models for low cost school administration with fees in monthly microPayments e.g. Bridge Academy Enablement of new payment models for Health insurance e.g. Reliance HMO allows monthly payments for health insurance Additional opportunities for impact Student financing (short & long term loans) e.g. income sharing agreements End to end payment platform for universities Digital learning platforms with online payments Affordable health insurance for mass & rural dwellers leveraging mobile Vendor managed inventory End to end payment platform for hospitals Payor-Provider payment & management platforms EFINA 76

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