Fincra – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Fri, 14 Nov 2025 11:01:18 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png Fincra – Tech | Business | Economy https://techeconomy.ng 32 32 Interswitch Champions Tokenisation, Tap-to-Pay, Compliance-Driven Growth at TechConnect 5.0 https://techeconomy.ng/interswitch-champions-tokenisation-tap-to-pay-compliance-driven-growth-at-techconnect-5-0/ https://techeconomy.ng/interswitch-champions-tokenisation-tap-to-pay-compliance-driven-growth-at-techconnect-5-0/#respond Wed, 12 Nov 2025 09:22:48 +0000 https://techeconomy.ng/?p=170936 Interswitch, a leading pan-African payments and digital commerce company, has reaffirmed its focus on improving Africa’s digital economy with the grand finale of its TechConnect 5.0 series.

Held on Tuesday, November 11, 2025, at the Federal Palace Hotel, Victoria Island, Lagos, the event, themed “United Frontiers: Growth Powered by Innovation, Collaboration, and Compliance,” brought together regulators, fintech leaders, bankers, and innovators to discuss how Africa can balance innovation with compliance to ensure inclusive growth.

Interswitch TechConnect 5.0 held in Lagos
L-r: Dr. Harrison Nnaji, chief information security officer, FirstBank; Oremeyi Akah, chief customer officer, Interswitch; Ajibade Laolu-Adewale, chief partnering & ecosystems officer, Wema Bank/chairman, committee of e-Business Industry Heads (CeBIH); Celestina Appeal, GH, Card Business & Solutions, Zenith Bank; Griffith Ehebha, EVP, Group Risk & Information Security, Interswitch during the Interswitch TechConnect 5.0 recently held at the Federal Palace Hotel, Lagos.

Speakers included Musa Jimoh, director of Payment Systems at the Central Bank of Nigeria (CBN); Chika Nwosu, managing director of PalmPay; Vincent Ogbunude, CEO of Verve International; and Akeem Lawal, managing director, Interswitch Purepay.

Speaking at the event, Cherry Eromosele, executive vice president, Marketing and Corporate Communications at Interswitch, said the TechConnect series has evolved into a platform for enabling inclusion, aligning regulation with innovation, and strengthening collaboration across the ecosystem.

On Interswitch’s newest innovations, Vincent Ogbunude unveiled cutting-edge solutions such as tokenisation, digital card storage, tap-to-pay transactions, and cross-border interoperability designed to unify Africa’s fragmented payment landscape.

Interswitch has already crossed the 100 million-card milestone in Nigeria. But we know the future is digital. We’re now enabling users to digitise their cards, store them on mobile devices, and make secure tap-to-pay transactions,” he said.

Ogbunude added that over 40 million Verve cards with contactless functionality have already been rolled out across markets including Nigeria, Ghana, Kenya, and Côte d’Ivoire, an achievement that will speed up the continent’s transition to seamless payments.

In his comments, Akeem Lawal noted that compliance is indispensable when it comes to innovation:

“You cannot build sustainable innovation without compliance. It is the foundation of trust, customer experience, and long-term growth. Many see compliance as a checklist; we see it as guardrails that make innovation sustainable,” he said.

The event concluded with awards recognising partners including FirstBank, Zenith Bank, UBA, GTBank, PalmPay, Moniepoint, OneAfriq, Fincra, and others for their contributions to enhancing the payments ecosystem.

The awards presentation session for “Outstanding Performance” was led by the VP, Sales & Account Management, Interswitch Systegra, Robinta Aliyu, and the VP, Business Development, Interswitch Purepay, Etitayo Awe.

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Moonshot by TechCabal Returns for Third Edition https://techeconomy.ng/moonshot-by-techcabal-returns-for-third-edition/ https://techeconomy.ng/moonshot-by-techcabal-returns-for-third-edition/#comments Tue, 29 Jul 2025 09:25:45 +0000 https://techeconomy.ng/?p=163941 Moonshot by TechCabal, Africa’s flagship tech and innovation gathering, officially announces its third edition.

Scheduled to take place from October 15 –16, 2025, at the Eko Convention Centre in Lagos, Nigeria, the future-shaping conference will convene over 4,000 participants and more than 120 speakers from over 15 countries, all focused on accelerating the trajectory of Africa’s tech-driven future.

This year’s theme, “Building Momentum: Africa’s Tech Ecosystem Positions Itself for Its Next Big Leap,” captures a critical moment for the continent’s tech landscape. Following years of resilience through economic downturns and funding contractions, the ecosystem is maturing rapidly and sensibly redirecting focus toward sustainable, scalable growth.

Moonshot 2025 will serve as a platform to consolidate these hard-won gains and align stakeholders around the next era of opportunity, across key tech verticals.

Headline sponsored by Sabi, a global trade and supply chain enabler, the agenda-setting conference has evolved into a continental platform for catalysing connections, unlocking capital, and amplifying bold ideas.

Now in its third year, Moonshot serves as a dynamic hub, and a living museum, of Africa’s innovation journey, actively bridging past achievements with future ambitions.

Speaking about the event, Tomiwa Aladekomo, CEO of Big Cabal Media, said:

“The last few years truly tested the resilience of Africa’s tech ecosystem, but they also undeniably sharpened it. The ups and downs in funding have given way to something far more intentional, with founders now building smarter and with clearer purpose. Despite the challenges, African founders have persevered and thrived. Crucially, regulations have also matured, providing much-needed direction. What we’re witnessing now is genuine momentum, firmly grounded in strong fundamentals, propelled by clarity, and intensely focused on scale. Moonshot 2025 offers a vital space to reflect on our journey and to channel this momentum into meaningful progress for founders, investors, and the entire ecosystem”

This year’s edition will welcome a distinguished lineup of speakers, including Andrew Alli, non-executive director, British International Investment (BII), Maxime Bayen, Operating Partner, Catalyst Fund, and Lexi Novitske, General Partner, Norrsken22, among others.

The event will also showcase its nine signature content tracks, now enhanced with refreshed programming designed to foster deeper, more impactful conversations. This include:

  • FUEL: The Investor Conference: This track is significantly upgraded to improve deal-making and investment opportunities, with a stronger focus on attracting Limited Partners (LPs), Development Finance Institutions (DFIs), and first-time investors in Africa. It will feature structured deal rooms, curated pitch sessions, an investor’s guide to Africa, and dedicated spaces for peer exchange across the investor landscape.
  • Startup Festival: Tailored for both early- and growth-stage founders, this festival will offer intensive workshops, operator-led sessions, and live startup showcases, including the TC Battlefield – it’s flagship pitch competition.
  • Emerging Tech (AI): A dedicated space to explore the practical applications of artificial intelligence across various sectors on the continent, featuring product demos and insights from leading builders and researchers.
  • Government & Policy Conference: This vital track will convene policymakers from across Africa to engage in discussions on crucial digital policy reforms and work towards tangible commitments to support innovation and scale across the continent.

Additional tracks, including Creative Economy, Climate Tech, Future of Commerce, Big Tech & Enterprise, and Entering Tech, will feature compelling conversations on critical topics such as financing infrastructure, workforce development, and fostering cross-sector collaboration.

Also speaking about the event, Anu Adedoyin, CEO and co-founder of Sabi said:

“This marks our third year as a proud partner of Moonshot, and the evolution of this conference mirrors the incredible growth and ambition of African tech. We believe in building robust foundations for digital commerce, and Moonshot is crucial for fostering the connections and clarity needed for founders to build smart, scalable solutions. We’re excited to see the tangible momentum this year’s event will generate for Africa’s next big leap.”

Proudly supported by platinum sponsors Flutterwave, Luno, FincraRaenestCardtonicRoqqu, Opay, and Busha, the conference will build on the outcomes of previous editions, including a $120,000 ecosystem pledge at last year’s Tech Ecosystem Alliance roundtable.

Delegates are encouraged to register via moonshot.techcabal.com  with Early bird tickets available through July 31.

The event is open to founders, operators, investors, creatives, policymakers, students, and professionals shaping Africa’s innovation economy.

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Lagos Startup Week Turns 10: Africa’s Leading Startup Gathering Returns This July 2025 https://techeconomy.ng/lagos-startup-week-turns-10/ https://techeconomy.ng/lagos-startup-week-turns-10/#respond Sat, 05 Jul 2025 08:28:24 +0000 https://techeconomy.ng/?p=162441 Get ready for a historic celebration as Lagos Startup Week (LSW), Africa’s most influential gathering for innovators and entrepreneurs, announces its 10th-anniversary edition!

This landmark event, themed “DND – Disrupting the Next Decade,”  Happening July 7–12, 2025, Lagos Startup Week will feature city-wide activities and experiences designed to engage the entire innovation ecosystem from community meetups and pitch competitions to masterclasses and exhibitions.

The main conference will take place on July 10th and 11th at the iconic Civic Centre, bringing together founders, investors, creatives, and policymakers for two days of high-impact content and networking.

Ten years ago, under the visionary guidance of Olumide Olayinka, Partner Prime Startups, Lagos Startup Week was born to ignite a movement and shape the future of innovation across Africa.

What began as a nascent idea in 2015 has blossomed into a powerful reality. Fast forward to 2025, and Lagos is not merely participating in the global startup narrative; it’s actively shaping it.

Consistently ranked among Africa’s most active startup cities by Dealroom.co and Partech, Lagos has seen Nigerian startups attract over $3.5 billion in venture capital, launch globally relevant companies, and foster a new wave of digital pioneers.

The city now proudly boasts five unicorns—Interswitch, Flutterwave, Jumia, OPay, and Moniepoint and has seen its ecosystem valuation grow 11.6x since 2017, proving its standing ahead of global cities like Istanbul and Pune.

“This is more than an event. This is where Africa’s future gets prototyped,” shares Olumide Olayinka, partner at Prime Startups and the driving force behind Lagos Startup Week.

He passionately adds,

“Lagos Startup Week was never just an event; it is a bold commitment to investing in the future of African innovation, entrepreneurship, and inclusive growth. it was always a declaration. This city needed a platform where founders could breathe, build, and belong.  Ten years later, we are still doing that, but now on a massive scale, and with the entire world watching.”

This 10th edition is going to be unforgettable! Imagine over 5,000 attendees hosted at the iconic Civic Centre for two days of pure inspiration.

“We’re talking four stages buzzing with ideas, and electrifying Demo Days showcasing the tech that will literally shape our tomorrow”, he said.

Whether you’re looking to launch your big idea, scaling your existing business, or doing from the insights that will be shared by our guests and speakers, you’ll connect with top tech experts, industry titans, forward-thinking regulators, and investors ready to back the next big thing.

“Our ‘DND – Disrupting the Next Decade’ theme isn’t just a catchy phrase. It’s a deep dive into what it truly takes to build and thrive in complex markets, how Africa’s most daring innovations grow, from humble garages to city rooftops, and how we, together, will define the next 10 years of entrepreneurial impact. This year, we’re putting a spotlight on the founders who aren’t just creating products but rewriting the entire narratives through their resilience and disruptive thinking”.

Get ready to be inspired by a lineup of visionary leaders and innovators who are shaping Africa’s tech landscape.

This year, Lagos Startup Week will feature dynamic voices whose dedication to disruption and entrepreneurial growth extends far beyond their impressive titles. We are excited to announce an initial roster of speakers, including: Jason Njoku, Founder & CEO, IROKO; Ngozi Dozie, Co-Founder, Carbon; Tosin Faniro-Dada, Partner, Breega; Ireayo Oladunjoye, MD & CEO, Endeavour Nigeria; Satoshi Shinada, Partner/Co-Founder Verod Kepple Africa Ventures, Wole Ayodele, CEO, Fincra; Tito Cookey-Gam, Principal, Partech; Aniedi Udo-Obong, Developer Ecosystem Program Partnerships, Google; Kayode Adeyinka, CEO, Gigmile; Oladunni Fanibe, Accelerator Portfolio Manager Africa, Google; and Akinbola Asalu, CEO, Aktivate just to mention a few. The Lagos Startup Week’s team is going ahead to curate for more speaker announcements, so keep an eye out for updates!

The past editions have welcomed giants like Steve Case (AOL / Revolution VC), Michael Seibel (Y Combinator), and local legends like Shola Akinlade (Co-founder, Paystack).

“And we’ve showcased early-stage gems that are now household names, including Flutterwave, Moniepoint, and Paystack (acquired by Stripe for over $200 million)”, Olumide Olayinka said.

Lagos Startup Week is powered by Prime Startups, more than just an organizer, they’re an ecosystem builder.

They champion African founders all year long, offering support, forging cross-border partnerships, and engaging with policy to lay the groundwork for Africa’s next wave of high-growth ventures.

In a world that’s constantly shifting and digitizing, Lagos Startup Week isn’t just a date on the calendar.

It’s a barometer for how emerging markets will define the future of commerce, connectivity, and capital. It’s the place where Africa builds, and the world can’t help but watch.

Join us in Lagos this July. The future isn’t coming. It’s being built right here, right now! Eko for Show!

To learn more and snag your spot: www.lagosstartupweek.com Relive the magic of 2024: Here. 

Whether you’re a budding entrepreneur, a seasoned industry veteran, or simply an enthusiast hungry for innovation, Lagos Startup Week is the place to witness the cutting edge of what’s next. See you there!

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Nigeria’s Top 10 Payment Gateway Providers https://techeconomy.ng/nigerias-top-10-payment-gateway-providers/ https://techeconomy.ng/nigerias-top-10-payment-gateway-providers/#respond Fri, 23 May 2025 10:50:54 +0000 https://techeconomy.ng/?p=159360 Nigeria’s fintech ecosystem has evolved significantly over the years. From a handful of players in the early 2000s to over 400 operating in more than 12 verticals today, Nigeria stands as a fintech innovation and development leader on the African continent.

A payment gateway enables businesses, governments, NGOs, charities, and others to receive payments from their websites or other digital touchpoints through cards, transfers, USSD, wallets, etc, for themselves or on behalf of their customers.

While there are a number of payment gateway providers in Nigeria, the 10 prominent players are listed below:

  1. Remita
  2. Paystack
  3. Flutterwave
  4. Interswitch
  5. Seerbit
  6. Fincra
  7. Kora
  8. Moniepoint
  9. eTranzact
  10. HabariPay

1. Remita

Launched in 2005, the Remita payment gateway is offered by Remita Payment Services Limited, a subsidiary of SystemSpecs. It is robust and resilient and is in use by many SMEs, corporates, religious institutions, NGOs, governments, fintechs, etc.

Selected by the Central Bank of Nigeria, it serves as the payment gateway for the National Treasury Single Account (TSA) initiative, processing millions of local and foreign transactions across multiple channels. Remita processes more than N60 trillion in transaction value annually.

2. Paystack

Founded in 2015, Paystack is a leading payment gateway provider. Its payment gateway enables customers to easily activate collections on their digital touchpoints.

By July 2024, Paystack announced it had processed a staggering N1 trillion in a single month – a milestone that spoke volumes of its rapid adoption among startups and enterprises.

Founded by Nigerian entrepreneurs, Paystack was acquired by global payment company Stripe in October 2020.

3. Flutterwave

Founded in 2016, Flutterwave is a pan-African payments company providing payment gateway services to merchants, fintechs, and other entities. Merchants use Flutterwave payment gateway to receive payments in different currencies through cards, mobile money, USSD, and bank transfers. Flutterwave processed US$31 billion in transaction value in 2024.

4. Interswitch

Founded in 2002, with an initial focus on card switching and processing, Interswitch expanded into providing payment gateway services that enable customers to receive money digitally through different payment channels. Interswitch processed 1.2 billion transactions in March 2023.

5. Seerbit

Founded in 2019, Seerbit is a Nigerian fintech startup with a mandate to bridge Africa’s offline–online payment divide. The Seerbit payment gateway enables its customers to receive payments digitally through multiple payment channels. As of 2025, Seerbit is active in 12 African countries.

6. Fincra

Founded in 2021 with a grand vision to create a borderless Africa seamlessly connected to global finance. It provides multiple APIs for pay-ins (payment gateway, payment links, virtual accounts) and pay-outs (bulk disbursements, IMTO‑licensed transfers). Between 2023 and 2024, Fincra processed over US$10 billion in transaction value.

7. Kora

Founded in 2017, Kora is among the 10 leading payment gateway providers in Nigeria. It initially started as a blockchain remittance platform before pivoting to B2B Payment infrastructure services.

In addition to its payment gateway service, it now offers pay-ins, payouts, virtual accounts, and card issuing across Africa – helping local and global businesses scale in multiple currencies.

8. Moniepoint

Founded in 2015 as Teamapt, Moniepoint has evolved into a leading payment company. Its Monnify payment gateway allows merchants to receive payments through multiple channels, including cards, bank transfers, USSD, etc. As of 2025, Moniepoint processes roughly US$17 billion monthly.

9. eTranzact

Founded in 2003, eTranzact is a leading payments company that provides a wide-array of payment solutions. Its payment gateway Webconnect, enables businesses to accept payments via cards, USSD, bank transfers, etc.

Merchants on Webconnect benefit from seamless integration, a transaction dashboard, and prompt settlements. eTranzact processes trillions of Naira in payment value annually.

10. HabariPay

Founded in 2021, HabariPay is the fintech subsidiary of GTCO. Its Squad payment gateway allows merchants to collect payments from a variety of payment channels, including cards, bank transfers, USSD, etc. HabariPay processed N27.4 trillion in 2024 alone.

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