Does Fintech Need the Nigerian Financial Markets?

 Does Fintech Need the Nigerian Financial Markets?

Tuesday, May
11, 2021 / 05:00 PM / by Emeka Ngene, Head of Advisory, DLM Capital Group
/ Header Image Credit: 

 

The relationship between the Fintech Industry and the Financial
Markets is a symbiotic one in that they both stand to gain tremendously from
each other. Fintechs in Nigeria primarily need the capital markets for capital
mobility. However, most of the Fintechs in Nigeria are startups, and the
capital markets generally favours investing in already established companies that
have a performance history and proof of concept. The Capital Markets as it is
currently will require some rescoping that will grant access to companies that
have proof of concept so that even without a deep enough performance history, the
Capital Markets can invest in them to help them scale up, both through early-stage
private placement debt or equity.

 

According to a 2020 West African Startup
Decade
report
published by Techpoint…

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