Nigerian fintech startups, Cowrywise and PiggyVest, recently began assigning virtual account numbers to their users causing some people to assume that they are transforming into digital banks. But they are not, at least not yet.
So where exactly is Nigeria’s fintech industry going? We tried to answer this at TC Townhall: Fintech 2.0.
Some snippets from our panel:
“For Fintech 2.0, I see merchants getting their payments instantly. I see niche banks emerging as well.” Gbenga Agboola, CEO/Co-founder at Flutterwave.
“The biggest opportunity I see is in capital aggregation and financial literacy. Let’s begin to look at Wealthtech to solve the real problem Nigerians have which is poverty” Titi Odunfa-Adeoye, CEO/Founder at Sankore Investments.
Watch the full conversation here. Do you agree with them? Are you working on something the industry isn’t looking at right now? Let us know. Also, download our free report about Nigeria’s fintech future here. It shows you who’s doing what in the industry and what investors are willing to put money into.