Ranked second, fintech services company Moniepoint of Nigeria was founded in 2015 and lays claim to providing essential technology assistance to more than 1mn businesses. Chief executive Tosin Eniolorunda notes that Moniepoint started out building infrastructure and providing back-end services for Nigeria’s traditional banking institutions. Eniolorunda affirms that Africa’s adoption of fintech solutions still has a long way to go. Nico Technologies (ranked 60) started as an IT section of financial services group Nico Holdings, founded in 1971 and one of Malawi’s larger companies. Nico Technologies, launched in 2002, also offers services in neighbouring Zambia and plans to move further into southern Africa.

Source: The North Africa Journal May 25, 2023 15:55 UTC