Five startups redefining Nigeria’s financial landscape

By Nelson I. Nworie

In recent years, Nigeria has emerged as a major hub for fintech startups – thanks to several innovative startups. These startups are helping to transform the financial sector in the country, making it more accessible and inclusive. Here are five of the most disruptive startups in the space.


Paystack is a payment processing platform that enables businesses to accept and process payments online. The platform offers several features that make it an ideal choice for businesses of all sizes. These features include:

-A simple and easy-to-use interface that makes it easy for businesses to get started with accepting online payments

-A wide range of payment options that businesses can offer to their customers, including credit and debit cards, bank transfers, and mobile money

-A secure and reliable platform that helps businesses keep their customer’s data safe and secure

-Several integrations that businesses can use to connect their Paystack account to their other business tools and systems.

Overall, Paystack is a powerful and flexible payment processing platform that can help businesses take their operations to the next level.


Paga is a mobile payment platform that is making it easier for Nigerians to access financial services. The company has a network of over 10,000 agents across the country, allowing users to make payments and transfer money without a bank account. The platform offers a variety of features that make it convenient and easy to use, including the ability to send and receive money, pay bills, and make online purchases. Paga is also working to expand its reach by partnering with businesses and organizations across Nigeria to provide its services to more people. With its simple and user-friendly interface, Paga is helping to make financial services more accessible and convenient for everyone in Nigeria.


Flutterwave is a payment processing platform that is enabling businesses to send and receive payments in Africa in multiple currencies. The company has processed over $3 billion in payments to date and is one of the leading providers of cross-border payments in the region. The platform offers a suite of features that make it easy for businesses to manage their payments, including the ability to send invoices, track payments, and reconcile transactions. Flutterwave also offers a fraud prevention tool that helps businesses protect themselves from fraudulent activity.


Fundshing is a crowdfunding platform that enables blockchain start-ups to raise capital from a large number of investors. The platform provides a convenient and efficient way for businesses to connect with potential investors and secure the funding they need to grow and succeed.

Fundshing offers many features that make it an attractive option for businesses seeking crowdfunding.

  • The platform offers a wide range of investment options, including equity, debt, and convertible notes. This gives businesses the flexibility to choose the type of funding that best suits their needs.
  • Fundshing has a large and active investor community. This gives businesses access to a large pool of potential investors, which increases the chances of securing the funding they need.
  • The platform is easy to use and provides a streamlined process for businesses to connect with investors. This makes the crowdfunding process quick and efficient and allows businesses to focus on their core operations.
  • Fundshing offers many value-added services, such as due diligence and financial modeling, that can help businesses secure the funding they need.

Overall, Fundshing is a powerful crowdfunding platform that offers a wide range of features and services to businesses seeking to raise capital.


Kuda is a digital bank that offers a range of financial services to businesses and individuals.

Its mission is to “create a simple, fair, and accessible banking experience for everyone.”  Kuda offers a variety of banking services, including personal and business accounts, loans, savings, and investment products, and international money transfers. The company also has a mobile app that allows customers to manage their accounts and transactions on the go.

Kuda has won some awards, including the prestigious “Best Digital Bank in Nigeria” award from the Nigerian Bankers’ Association. The company is also a member of the Global Alliance for Banking on Values, a network of banks committed to sustainable, values-based banking.


Quidax is a cryptocurrency exchange that is making it easy for Nigerians to buy, sell, and trade digital currencies. The platform is simple to use and offers a wide range of features, making it a great choice for those looking to get started in the world of cryptocurrencies. Quidax is a regulated exchange, which means that it is safe and secure to use. The team behind Quidax is experienced and has a deep understanding of the Nigerian market, which makes them well-positioned to provide a high-quality service.

In conclusion, it is safe to say that the future of Nigeria’s financial sector is in good hands. These startups are not only providing innovative solutions to the many problems that plague the sector, but they are also helping to grow the Nigerian economy as a whole. We can only hope that more startups will follow in their footsteps and that the Nigerian financial sector will continue to thrive.


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