KPMG: FinTech Investment in Nigeria Records Over $200 Million in Two Years

A new news from KPMG, a tellurian network of veteran firms providing tax, audit, and advisory services, has suggested that investment in Nigerian FinTech companies over a final dual years has exceeded some-more than $200 million.

The report, “FinTech in Nigeria – Understanding a Value Proposition” [PDF], states that a past 3 years have been infirm for a zone in Nigeria, that has seen a presentation of many startups, incubators, and investments.

While putting a news together, KPMG intent with 56 FinTech companies and 7 incubators and accelerators in a country. Of a tip 3 countries in Africa receiving investments over a final dual years, these enclosed Nigeria, Egypt, and South Africa.

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Oil-rich Nigeria is saying a large cube of African Fintech spending.

According to Boye Ademola, Partner and Head of Financial Services Technology during KPMG in Nigeria, he believes that financial record opportunities could change in a nation over a subsequent 5 years.

He said:

The quick flourishing immature population, exponential


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