As of 2022, most fintech startups in Nigeria specialized in payments and remittances. This referred to nearly 27 percent of 173 ventures. Moreover, fintech ventures in lending and financing represented a share of over 19 percent, while those operating in blockchain accounted for 11 percent of the total. Overall, startups in Nigeria are concentrated in Lagos.
Share of fintech startups in Nigeria as of 2022, by sub-sector
The source defines startups as young businesses with no guarantee of success, and where people who choose to work forgo stability, substituting it with innovation and the promise of increased growth.
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Disrupt Africa. (September 15, 2021). Share of fintech startups in Nigeria as of 2022, by sub-sector [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1337968/share-of-fintech-startups-in-nigeria-by-sub-sector/
Disrupt Africa. "Share of fintech startups in Nigeria as of 2022, by sub-sector." Chart. September 15, 2021. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1337968/share-of-fintech-startups-in-nigeria-by-sub-sector/
Disrupt Africa. (2021). Share of fintech startups in Nigeria as of 2022, by sub-sector. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1337968/share-of-fintech-startups-in-nigeria-by-sub-sector/
Disrupt Africa. "Share of Fintech Startups in Nigeria as of 2022, by Sub-sector." Statista, Statista Inc., 15 Sep 2021, https://www.statista.com/statistics/1337968/share-of-fintech-startups-in-nigeria-by-sub-sector/
Disrupt Africa, Share of fintech startups in Nigeria as of 2022, by sub-sector Statista, https://www.statista.com/statistics/1337968/share-of-fintech-startups-in-nigeria-by-sub-sector/ (last visited December 22, 2024)
Share of fintech startups in Nigeria as of 2022, by sub-sector [Graph], Disrupt Africa, September 15, 2021. [Online]. Available: https://www.statista.com/statistics/1337968/share-of-fintech-startups-in-nigeria-by-sub-sector/
