We haven’t done one of these in a while. Colour me excited. Because you are invited, to TC Townhall, Fintech 2.0.
The first wave of the Nigerian fintech revolution saw a breakthrough in payments processing that unleashed pent up commercial intent and helped to kickstart the first generation of massive Nigerian ecommerce ventures.
Today, a combination of fearless product innovation and relentless advocacy has created tectonic shifts in the regulatory landscape and redrawn the map of financial services offerings to merchants and consumers, paving the way for everyone from established businesses to Instagram and WhatsApp vendors to cash in. Paystack and Flutterwave are just over two years old and between them have processed more than 150 million transactions amounting to over $6 billion in transaction value. Yesterday, Paystack announced that they’ve hit a N10 billion monthly transaction volume milestone.
The range of possibilities continue to expand, powered by innovative uses of USSD, blockchain, artificial intelligence and machine learning technologies to create solutions in lending, wealth management, insurance, lifestyle and more. And millions of dollars in venture capital are pouring into Nigerian fintech from investors and global financial interests from all over the world that are keen to participate in the ventures with not just the potential to succeed in Africa’s most populous nation, but also scale across the continent.
But after the age of financial service pioneers like Interswitch and Paga, and fintech upstarts like Paystack and Flutterwave, what happens next? TechCabal is convening a forum that looks at the next generation of financial technologies in Nigeria, through the eyes of the next generation of fintech entrepreneurs and investors.
The theme panel features a group people that I’ll describe as not the usual poster-children in these conversations, but as will become apparent, have a lot to say, and I daresay a large role to play in where the space is going. I will speak more about them in a follow-up post. We’ve got limited seats, so please reserve yours now
This townhall will also feature a presentation that traces the evolution of fintech in Nigeria from its origins to the present day to provide context for the main discussion, and a showcase of innovative fintech applications that are pushing the envelope and give us a glimpse of what is possible. If you’d like yours to feature, we would love to hear about it.
This is Nigeria’s fintech future. Brought to you by TechCabal, in partnership with Softcom on the 30th of November, 2018. This edition is free to attend. Don’t forget to signup to be notified when the registration page goes live.