PLAYING its part in addressing challenges posed by startups and investors in Nigeria’s FinTech ecosystem, the FinTech Association of Nigeria (FintechNGR) has launched The Start-Up Marketplace, an innovative platform designed to provide start-ups playing in the fintech ecosystem with access to free and heavily discounted services in funding, legal, infrastructure, cybersecurity, data privacy, business development, and a variety of other areas, to accelerate their growth.
Making the announcement at the association’s first conference of the year, tagged ‘Fintech Outlook 2022’, Ade Bajomo, President, FinTechNGR and the Executive Director, Information Technology and Operations at Access Bank Plc, said, “The Start-Up Marketplace will aid in the development and deepening of Nigeria’s FinTech talent pool.”
“The platform will also encourage research and development to get innovators and start-ups on a higher plain, foster an environment of supportive regulation to grow the industry, facilitate local investors to participate in the funding of FinTechs and position local start-ups and innovators to build and develop durable and strategic intellectual properties,” he continued.
Highlighting reasons for the increased interest, Daniel Awe, Head of the Africa Fintech Foundry, spotlighted heightened innovation as a key driver. “We are already beginning to see FinTechs innovate across Greentech, Digital Insurance, blockchain, financial inclusion, amongst others. That said, we need to continue creating strategic partnerships with other players in the ecosystem through which game-changing innovative solutions can be formed formed and new potentials can be discovered enabling growth, customer satisfaction, and improved business practices. The Foundry is contributing to this development by creating ventures that can compete in various industry verticals by providing new and improved digital products to end-users thereby enabling opportunities in new markets to be developed.”
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