Lagos, Nigeria is developing into a global hub of Fintech innovators. Companies such as Interswitch, Moove, Kudi, Credpal, Mono, Okra, Carbon, Trade Lenda, Spleet, Cowrywise, and Float are putting Lagos at the forefront of the African Fintech revolution. These companies are transforming the financial services landscape, offering unique solutions ranging from digital payments and car financing to investment management and providing tools for cash flow management. Below, we explore these game-changing Fintech companies.
Interswitch is a pioneering digital payment and commerce company. Its founders, Charles Ifedi and Mitchell Elegbe, launched the company in 2002, with a mission to facilitate the electronic circulation of money and the exchange of value between individuals and organizations. Follow them on Twitter and Facebook.
Moove is a mobility Fintech founded by Jide Odunsi and Ladi Delano. The company offers revenue-based vehicle financing to mobility entrepreneurs across Africa. Moove’s leveraging of alternative credit-scoring technology makes loan underwriting a seamless process. Find them on Twitter @moove_io and Facebook.
Specializing in Artificial Intelligence, Banking and FinTech, Kudi provides fast and frictionless financial services. Founders Adeyinka Adewale and Pelumi Aboluwarin are focused on the African market, particularly the Nigerian Payment ecosystem. Follow their updates on @kudidotai or Facebook.
Founded by Fehintolu Olaogun and Olorunfemi Jegede in 2018, Credpal is a Fintech platform that enables businesses and individuals to purchase items and pay in instalments. Check them out @CredPal on Twitter and on Facebook.
Mono is on a mission to unlock the potential of Africa’s financial system. Founders Abdulhamid Hassan and Prakhar Singh have created platforms and APIs which enable businesses to access financial data, make bank payments, and verify identity in a secure way. Follow them on @mono_hq and Facebook.
Fintech firm Okra is digitizing financial services for Africa. Founded by David Peterside and Fara Ashiru Jituboh, Okra is breaking new ground in the Developer APIs and Financial Services segments. Get to know them on @okra_HQ.
Carbon, a mobile-only digital bank, is providing innovative financial services to the underserved. Founded by Chijioke Dozie and Ngozi Dozie, Carbon’s focus is on the African market. Follow them on @get_carbon and on Facebook.
With founders Adeshina Adewumi, Oluwatosin Ayodele, and Shina Arogundade, Trade Lenda offers digital financial service solutions that provide credit access for MSMEs in Nigeria. Follow them on @Tradelenda and on Facebook .
Spleet offers tenant verification, rent collection solutions for landlords, and rent financing for tenants. It was launched by Founders Akintola Adesanmi and Daniella Ajala. Follow Spleet on Facebook and @spleetafrica on Twitter.