June 12

New Report Details How Nigerian Fintech Companies Are Expanding Their Business Scopes


A new report on the Nigerian fintech space, which was sponsored by MasterCard and MTN Group, has revealed how Nigerian fintech companies are steadily exploring new opportunities. Some of the new areas they are venturing into include micro-investment, insurance (insur-tech), peer-to-peer transfers, and even wealth management.

The report specifically mentioned companies like Cowrywise and Farmcrowdy as two prime examples of fintechs that have developed wealth management platforms. Cowrywise, on one hand, targets Nigeria’s middle class with online investment products, while Farmcrowdy makes it possible for investors to co-own farms by providing the needful capital for farmers.

Photo courtesy of WorldRemit Comms.

Source: Nairametrics (link opens in a new window)

digital banking, fintech, investors, SMEs