The President of the Fintech Association of Nigeria, Dr Stanley Jacob, has said that Nigerian fintechs are doing well despite the funding drought currently being experienced by startups globally.
Speaking on Wednesday at a press conference on the upcoming Nigeria Fintech Week (NFW) 2025, Dr Jacob said investors are still injecting funds into Nigerian fintechs but noted that there has been a shift from early-stage backing to more substantial investments in growth-stage companies.
“I think the current situation has been fairly positive for Nigeria, because despite the decline we’ve seen globally, we still saw some Nigerian fintechs do very well with funding. But what we’ve seen is a shift.