After unbundling, Nigerian fintechs are building full-stack financial services
Nigerian fintechs initially specialized in single core offerings like payments, cards, and lending to disrupt traditional banks. Leading fintechs such as Moniepoint, Sycamore, FairMoney, and Paystack are now expanding their product suites to include savings, credit, and business banking tools.
This fintech is driving billions in consumer loans across Africa and staying under the radar
Kuunda has powered more than $3 billion in loans since 2018, operating behind the scenes in the digital lending space. The company specializes in providing liquidity infrastructure to partners through its liquidity API and credit scoring algorithms.
FairMoney grew revenue to ₦121.9 billion in 2024 on deposit-led lending
FairMoney's gross revenue grew by 62% to ₦121.9 billion in 2024. The company's profit after tax rose to ₦5 billion from ₦780 million in 2023.
Silent Strain: Investor Relations Test The Limits Of African Founders’ Wellbeing
Only 11% of African founders believe their investors genuinely care about their wellbeing. Nearly 60% of respondents cited fundraising as a top source of stress.
