The British High Commission to Nigeria and EFInA (Enhancing Financial Innovation & Access) are convening an interactive session that brings fintech operators, investors, policy makers and hubs to explore the ways in which increased funding and enhanced regulatory harmony can grow the Nigerian Fintech ecosystem.
The Nigerian fintech ecosystem is one of the most active in the world, with over $250 million in cumulative funding and 200 active fintech ventures operating in the digital retail payments, lending and payments infrastructure spaces.
Up to 36.8% of Nigerian adults are not active in the formal economy and basic financial services even with their possession of smartphones. The adoption of digital financial services is majorly in the urban areas and a huge population of the rural areas is neglected.
EFInA will present a groundbreaking report that will contain recent and important supply-side data on Fintech in Nigeria. The report will also showcase how distributed ledger, biometric and API technologies can play a role to drive financial inclusion, using global case studies.
In addition to the above, EFInA will announce the winners of its $2 million Fintech Challenge Fund. The winners are fintech companies who have built solutions to improve financial inclusion among low-income earners in Nigeria.
The event is scheduled to take place on the 18th of April 2019.
Apply to attend the event by filling this form. Please note that only limited seats are available.
