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ARTICLE · 05 DECEMBER 2022

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Starting A Fintech Business In Nigeria

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Fintech is an acronym for financial technology. It has been a thriving aspect of Technology in the past few years. It is a term used to describe the use of technology to improve financial services.

NigeriaTechnology
Dawn Osaretin Osiomwan
Dawn Osaretin Osiomwan

Fintech is an acronym for financial technology. It has been a thriving aspect of Technology in the past few years. It is a term used to describe the use of technology to improve financial services. Fintech is a rapidly growing space with a lot of opportunities as finance cannot be dispensed with. Fintech makes financial transactions faster, easier, and accessible to consumers. Fintech in Nigeria is a space that the government constantly seeks to regulate to ensure financial security.

What is the minimum Share Capital for FinTech in Nigeria?

Although the required minimum share capital for private companies in Nigeria is N100,000 (One Hundred Thousand Naira) that of fintech is dependent on the type of license that the company requires to operate with.

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