The  Guardian’s special report on most impactful and innovative professionals creating value in the Nigerian Fintech industry. Part 1

Globally, the financial services industry has come under intense competition from Financial Technology (FinTech) firms. These are innovative firms leveraging technology to deliver tailored financial service offering to consumers and corporate entities.

In Nigeria, Africa’s largest technology hub, investors are taking positions in the country’s growing tech ecosystem fueled by attractive fundamentals such as the youthful and tech-savvy population, increasing smartphone and internet penetration, as well as a large unbanked population among other factors.

Having recorded investments of more than 800 million USD in the last decade, Nigeria plays host to a strong and growing FinTech ecosystem with many start-ups providing innovative financial services which includes alternative lending and digital credit, target savings, digital banking, public revenue collection, electronic payment, investments and financial management, blockchain, digital currency and crowdfunding.

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Indeed, the FinTech industry has experienced massive growth in Nigeria and their impact during the Covid-19 pandemic cannot be overemphasized. Furthermore, their operations have immensely contributed to the growth of Micro, Small and Medium Enterprises (MSMEs) in Nigeria.

More importantly, keen watchers of the economy have applauded the tenacity and resourcefulness of the Chief Executives who have been able to navigate these FinTech companies to optimal operational effectiveness, efficiency, and visibility. These they have made possible through the application of best management practices, prudent management of resources, application of innovative solutions and ideas, as well as excellent corporate governance, in achieving set goals and objectives.

These are the exceptional men and women who have continued to pilot the affairs of their companies with high-quality, widely accepted products and services, and at the same time, defy the apparent harsh economic environment and operate profitably.

In celebration of the World FinTech Day, The Guardian is featuring some impactful and innovative Professionals that are Creating Value in the Nigerian FinTech Industry.