“I’ll be the first to admit that there’s been lots of good vibes in Nigeria’s Fintech space lately. Take payments for example – it’s like Christmas has come early! We’ve seen PayStack demonstrating that recurring payments is indeed not rocket science. Cue slew of similar innovation from folks like Amplify, SimplePay etc. Not to mention…”
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Very insightful piece. Thanks boss for sharing.
Tech minds largely seem to be concerned about evolving in product development and service delivery improvement more than driving thorough awareness. Why this assumption of mine?
VoguePay has business support solutions focused on small businesses. It is becoming obvious that aspect of their services is not popular.
Besides, Page MFB and ZedAdvance offer soft loans to clients based on their income level, much as steady flow of income in recent past can be established.
These businesses and many more need to locate their audiences where best to reach them and blow their trumpets with modesty.
Got something for the day from this all the same.
Interesting and insightful article, Ade.
With regards to the absence of loans/credit products for small businesses, there are indeed a number of companies springing up which provide alternative sources of financing for business owners, with no collateral requirement.
Most notable is OneFi’s new product, Flex Advance (http://merchant.onefi.co), a POS-based Cash Advance product for merchants. Any business owners who accept card payments can benefit greatly from this product.