2021 Nigeria Fintech Week: Stakeholders Explore Sustainable Investments for Scaling Fintech

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Thursday, October 28, 2021 / 1:06 PM / Ottoabasi Abasiekong for WebTV / Header Image Credit: WebTV

 

At the ongoing 2021 Nigerian Fintech Week, stakeholders believed the Industry remains the central hub attracting significant investments into the country.

 

This was part of the critical issues discussed at the Day three session of the conference, which featured a panel discussion on "Sustainable Investments for Scaling."

 

Tokunbo Ishmael, the MD, Alitheia Capital, in her intervention, said financial technology is at the heart of what the company does, and it explores how Fintech can be embedded into every other critical sector of the economy.

 

She said Alitheia Capital supports digital financial services that can reach the unbanked population in the country and efforts geared towards empowering women in the country.


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According to Dolapo Agbaje, Vice President, APIS Partners, the ecosystem for Fintech has made the Industry attractive for investments. He noted that partnerships, the development of digital skills, and an enabling regulatory environment would unlock more opportunities for the Industry.

 

Mr. Kola Aina, the CEO, Ventures Platform on his part, informed stakeholders that its  portfolio tilts towards fintech services, supporting financial inclusion efforts in the country

 

He added that Ventures Platform was committed to encouraging and supporting fintech start-ups to scale in Nigeria. He said that the future of Fintech in Nigeria would involve embedded finance.

 

Speaking on "Upskilling-Focusing on the Need to Build New Skills for Digitally Transforming Finance Ecosystem," Tram Anh Nguyen, Co-Founder, Centre for Finance, Technology and Entrepreneurship, CFTE, acknowledged the fact that Tech companies are disrupting activities in the financial market.

 

Considering the learning model developed for the market,  she said the formula was 30% formal courses, 20% learning from others and 50% learning all the time.

 

Nguyen said at the moment, 157 fintech Unicorns across the globe are valued at $1.8trn, showing how the Industry has evolved.

 

The event also featured presentations from the fintech community in Singapore, Kenya and Denmark, a conversation on "Citizen Experience and Engagement," and a panel session on "Disruption Disrupted."


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