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Fintech Startups In Nigeria: How You Can Benefit From Them




fintech startups in Nigeria

Fintech Startups In Nigeria: How You Can Benefit From Them

fintech startups in Nigeria

Over the years, there has been an emergence of lots of fintech startups in Nigeria and they come with lots of benefits. This article hopes to help you identify some of the leading fintech startups in Nigeria and how you can benefit from them. You must have heard that the secret of wealth creation is saving and investment. Believe me; it is very difficult to save money on your own without tampering with it before investing.

Read: Top 9 best investments opportunities in Nigeria 2019

Some of these fintech startups in Nigeria are specially established to help you in saving and investing wisely. Currently, lots of Nigerians make use of these financial technologies (fintech) firms to pay bills, save and invest money, transfer cash, borrow money, etc. There is no doubt that these fintech startups in Nigeria have brought lots of disruptions in the financial services market. The effectiveness and efficiency of these fintech firms in Nigeria are really the reasons they have been rooted in Nigeria.

Going by the antecedents of these fintech startups in Nigeria, there are definitely lots of benefits for Nigerians. If you are asking who regulates fintech companies in Nigeria, it is the job of the Central Bank of Nigeria (CBN). The evolution of fintech in Nigeria is really intriguing as it is surprising as well. Although the fintech regulation in Nigeria is a little it tough, there has been some relaxations on the part of the regulatory bodies. This is all in the bid to support the fintech industry in Nigeria.

Although this article is to enlighten you on ways you can benefit from these fintech startups in Nigeria, you would need to do your due diligence before committing to any of them.

Leading Fintech Startups In Nigeria                                                               

The list of the different fintech startups below follows no particular order. This is simply to help you make an informed decision when choosing or opting for any of their services.

  • Sumobank

Sumobank ( is a rapidly rising fintech startup in Nigeria with lots of benefits to its users. It is primarily an online savings and investment platform where you can save at least #100 daily, weekly or even monthly with 10-15% annual interest. One interesting thing about sumobank is that it also has an entrepreneur academy where it helps its users who want to start a business of their own. Sumobank is also working in line with the fintech regulation in Nigeria.

See: Investment opportunities in Nigeria

Through this entrepreneur academy, they provide mentors, materials, etc that will help you in your line of business. Every user is allowed to have stipulated four different withdrawal dates. Also, in order to encourage its customers to save more, sumobank places a 4.5% charge on any customer that wants to withdraw his/her money before the stipulated date.  Sumobank also has sumopay that allows you to pay or receive money from anyone in any part of the world. There is no doubt sumobank is one of the leading fintech startups in Nigeria.

  • Paystack

This fintech company has been in operation for quite a while now in Nigeria and they have been providing lots of benefits as well. You should know that paystack provides payment services for about 17, 000 different businesses in Nigeria. The company is also responsible for 15% of all online payments that occur in Nigeria every day. Just last year, Paystack was quoted to have raised about $8 million through its series A funding.

In the year 2018, Paystack was among the three Nigerian fintech startups that were ranked by CB Insights (a global intelligence machine) as among the 250 fastest growing fintech companies in the world. This fintech firm is mainly responsible for payment services. Paystack is arguably one of the leading fintech startups in Nigeria. They are always following the fintech regulation in Nigeria. As one who regulates fintech companies in Nigeria, the CBN has given paystack license to operate in Nigeria.

  • Branch International

Another one of the fintech startups in Nigeria that you can benefit from is Branch International. This fintech firm provides personal finance loans to small business owners and entrepreneurs. It is also one of the 3 fintech startups in Nigeria ranked among the 250 fastest growing fintechs in the world by CB Insights. The Branch International currently has branches in the USA, Kenya, Tanzania, and Mexico.  You really need to watch out for what this company has in store in the second half of 2019.

  • Fint.NG

This is another fintech startup in Nigeria that you really need to watch for in this year 2019. There has been news making the rounds that Fint claims to be the number one loan market place in Nigeria. They specialize in using technology to connect credit-seeking and worthy individuals with competitive interest seeking lenders. Fint says the goal is to link both borrowers and lenders in transactions that often always end in a win-win situation.

There is no denying the fact that loans are very important in every business environment if development is to continue to grow.

Read: Top 6 online savings platforms In Nigeria that pay higher interest rates than banks

  • KongaPay

Undeniably one of the oldest fintech companies in Nigeria, KongaPay helps you to pay for goods and services online. One very good thing about this fintech firm is that you can use it for shopping both internationally and locally. KongaPay also has affiliations with some of the commercial banks in Nigeria.

  • Flutterwave

This finetch company provides an avenue that allows businesses to make payments across the continent of Africa. Over the last few years, flutterwave has grown quite rapidly, processing over $1.2 billion across 10 million transactions. The company has branches in Lagos, Accra, Nairobi, and Johannesburg while the headquarters is in San Francisco (USA).

  • M-Naira

It is a money transfer services platform that has the ability to interconnect your Nigerian bank account, mobile wallets, and billing systems in order to deliver instant remittance services. This platform allows you as a user to make real-time money transfers from debit or credit card to Nigerian bank accounts and mobile money wallets.

See: My legit take on sumobank; read before you create an account with them

There are still other fintech startups in Nigeria like microCASH, Nairabox, OsusuMobile,, Remita, RenMoney, QuickCheck, CowriePay, etc. I strongly advise that you make out time to carry out your own research before settling for any of the aforementioned fintech startups in Nigeria.





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How To Make Money As A Secondary School Student In Nigeria.




It is true that you can make money as a Secondary School student in Nigeria. However, the challenge most times is how to go about it. This article explains the steps and how to leverage the available opportunities.

As a student in any secondary school in Nigeria, you might have had the thought of how you can make some money for yourself. The economy of Nigeria isn’t doing so great and most people have to fend for themselves. Your parents might try to meet your basic needs, but most times they just cannot satisfy all your wants. This is why you also need to have a way you make some extra cash for yourself. You can even start supporting your parents by paying some of the bills and saving up for your college.

You might have been told by your parents or guardians that you need to focus on your studies and get good grades. However, as a secondary school student, you have a lot of free time on your hands. If you know how to manage your time well, you can juggle part-time work with your academics and still make excellent grades. In this article, you will find out ways you can make money in Nigeria as a secondary school student.

8 Lucrative Ways To Make Money As A Secondary School Student In Nigeria

(1) Do Freelancing

This is one of the best ways to make passive income, even as a secondary school student. Freelancing is the process where you offer your services/skills to people in need of them. You as a freelancer have the freedom of choosing your working hours (obviously would be after school hours or on weekends). Skills like Graphic Design, Web Designing, Copywriting, Voiceover, etc. can make you handsome money if you know how to do them.

Although having a good digital skill will increase your chances of earning more on freelancing platforms, you can still do some simple jobs to get some cash. Some of these simple tasks include writing articles, proof-reading, transcribing, typing, and a few others. Here are some freelancing websites you can check out

  1. Fiverr
  2. Freelancer
  3. Upwork
  4. Guru
  5. iWriter

(2) Become A Hair Stylist

People always need to get a haircut every now and then. Ladies also love a good hairstylist that can make their hairstyle look like a princess’s own. If you have this skill, you can use it to make some money for yourself. Most ladies know how to plait simple hairstyles; you can do this for your classmates and charge them for your services. You can learn this skill from a barber/hairstylist in your area. It can take you a few months to have a good grasp of how to do it. Once you get good to an extent, you can start off on your own in making money with your new skill. You can also negotiate with your boss to give you some amount when you help him/her style a person’s hair.

(3) Sell Stationeries

Selling some stationaries in the school environment should not be that hard. Students always need an extra pen or a new notebook. You can be making money by meeting the needs of your fellow student. Stationeries such as school textbooks, rulers, graphs, rulers, pens, mathematical sets, etc. are materials you can easily sell. You might have to get capital from your parents or someone else to start off. Make sure you keep a record of your sales so as not to run at loss and also protect your goods from possible theft.

(4) Do Assignments for Fellow Students

Perhaps you are a very bright student and people always flock around you to copy your assignments. You can turn this into a money-making scheme for yourself. All you have to do is inform your mates that you can solve their assignment problems for a token. You get to make some money and educate yourself some more in the process.

(5) Become a Tutor

Tutoring is another means you can make cool cash for yourself. You can teach subjects you know very well with other students. A lot of students need help figuring out certain things, especially in English and Mathematics which are compulsory subjects. You can also work as a home tutor, teaching students who are a few classes below you. The money you will earn won’t be very high but it is enough to pay some of your bills.

(6) Work at A Restaurant

There is barely anywhere you go where there won’t be a restaurant. People always need to replenish their energy and feel good. Restaurants are always looking for extra workers to meet the demands of their customers. You can work in a restaurant after school hours or during weekends depending on your preference. It is not compulsory for you to know how to cook before you can work there. There are various other tasks that don’t require that kind of expertise. Make sure you do not overwork yourself as you would need to go to school the next day fully active.

(7) Write Contents for Individuals and Corporate Bodies

Content writing is a good way to earn an income and also educate yourself in the process. There are numerous blogs and website that needs people to write contents for their platforms daily. You can write articles for them and get paid some amount. iWriters is one platform that you can sign up on to work as a writer. They link you up with clients that need your service.

(8) Apply for Scholarships

This is a great way to make money and also make your parents proud. There a whole lot of scholarships out there for secondary school students that you can participate in. If you know you got what it takes to compete, go ahead and you might win yourself a handsome sum of money. You can also participate in various competitions and win cash prizes.


The ways to make money as a Secondary School student in Nigeria are not limited to the above list. However, you have to be willing to work to make the money you so much desire. Make sure you inform your parents before taking up a job as they might have objections or advice based to offer you. You do not have to involve yourself in scams or scandalous activities to make money as a student. Work diligently and smartly, you would eventually become self-dependent someday.



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How to Make Money in Nigeria as a Teenager




Would you like to make money in Nigeria as a teenager? I guess so. Even if you are not a teenager reading this, this article can still help your teenage child, friend, neighbor, student, relative and/or any teenager around you. By the way, by teenager, I am referring to anyone between the age of Thirteen (13) and Nineteen (19).

Now, the online world has presented us with such vast opportunities that you do not have to go through years of college before you start earning cool cash for yourself. As a teenager, you can start earning even before you enter college. Many people surf the web daily, looking for ways to make some money. You might need the need an extra source of income, either to support your parents or to buy those cool sneakers you have been eyeing for a while.

Getting some of your bills paid yourself would greatly ease the burden off your parents’ shoulders. You could even start saving up and investing to ensure yourself a financially buoyant future. Note: as a student, you still need to focus on your studies and not flop in your academics. This is why you need to take on what you can handle as a teenager. Get rid of the mindset of involving yourself in get-rich-quick schemes, all this would do is land you in debt or a loss.

The ways to make money in Nigeria as a teenager shared in this article are legit and more of a side hustle. But they are sure to make you some bulks. You could end up turning it into your future career if you are passionate about it.

5 Legit Ways To Make Money in Nigeria as a Teenager

Below are five great ways to make money as a teenager:

(1) Start a YouTube channel

We all have something we are passionate about. This can be a selling point for you. People are always going to YouTube to find helpful information, but mostly to entertain themselves. YouTube provides you with a wide range of audience; you can get creative and interest them with something.

If you consistently post good content, you are sure to get audiences for yourself. YouTube will pay you per view that you have on your videos. This is a great way to earn some cool cash even from the corner of your hostel. You might need to get a phone with a good camera, or just a digital camera if you can afford it. There are even tutorials on YouTube on how to start a YouTube channel.

(2) Become a Freelancer

If you have a digital skill that you are good at, you can sell your services to clients on freelancing platforms and get paid in dollars. A lot of people are making a living as a freelancer, some have even gotten very rich through this means. Although you really need to be good at your craft to constantly get clients in need of your services. While there are many skills you can market, a few of them stand out as high-income skills.

For example, skills such as content writing, web development, graphic design, video animation, and some others are in high demand. You could even land a contract job through some freelancing website, and work with a particular company for months, years even. Some freelancing platforms you can check out include Fiverr, Upwork, guru, freelancer, etc.

(3) Work as a Tutor

Perhaps you are a guru in a couple of subjects while in Secondary school or you just have certain skills that you can teach to others. You can turn this into a source of income for yourself. Organizing tutorials for your fellow students and others who want to learn from you, charging them a few bucks for your knowledge.

Many parents are even looking for personal tutors to take their kids some subjects in their homes. They pay good money and you do not have to worry about renting a space for your lectures. You could end up using the experience you gather from this job to land a Teaching/Lecturing job later in your future. Trust me, people are willing to pay for the knowledge they know they really need.

(4) Venture into Photography

If you have a knack for taking great pictures, you should consider using this skill to get yourself some cool cash. Each day, there is one event or the other. Weddings, House warming, Naming ceremonies, reunions, memorials. They all need someone to capture the memories in cute pictures. You can consider printing out business cards for yourself and handing them out to event planners you know, so you would be their first choice when in search of a photographer.

Be sure to have some samples of your previous works to show your credibility. You do not even have to be invited to these events to go there, most of them do not need invitations. Just go there, hang around with your camera and it’s sure you would see people calling you to take their pictures. Nigerians also love doing photo-shoots every now and then. You can add this to your list of services and have people book sessions with you. If you know your craft, this is a sure-fire way of getting cool cash and you can live comfortably off your earnings.

(5) Do Blogging

Much like having a YouTube channel, blogging is another confirmed way for you to make quite an amount of money. This method needs a lot of patience and hard work, but you can be sure it would all pay off in the end. You have to share great content of your blog consistently to get a good audience to your blog.

There are many online guides (videos, pdf(s), other blogs) that can help you figure out all you need to know before you start blogging. Keep posting on your blog daily to get people’s attention, you can keep a content calendar to help you with this. Once you get a good number of audiences, you can start earning on your blog through advertisement.


There are always opportunities to earn more money today and as a teenager, you are not left out. If you know how to take advantage of the many opportunities out there, you can make money in Nigeria as a teenager with ease. You have to be willing to do some work in order to get paid a good amount of money. Your credibility is very important in any job you take up and people should be able to count on getting quality work from you. Make sure you take your time to figure out which one of the above ways you want to go into, you can even choose to pick multiple ways. Just make sure you are able to deliver on a deal, on time, and in great quality.



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