Financial marketsFintechFinancial Technology in Nigeria

Kennnedy MuturiDecember 6, 20217813 min
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The Nigerian Fintech industry continues to attract significant investment and interest from around the world. The competitive character of the financial technology field, especially in a fragile economy, can be linked to its success. Nigeria's banking sector remains appealing despite the difficulties, with over $9 billion in value pools.

In 2019, Nigeria's fintech industry received funding from a variety of international investment firms, with Interswitch, a payment system infrastructure service, receiving $200 million in equity funding from Visa, Branch receiving $170 million in funding from foundation capital . . .

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Kennnedy Muturi

Ken is a Quantitative Trader with experience in investments, quantitative finance, financial modelling and algorithmic trading in Global Investable Markets (GIM). He enjoys using Bayesian Statistics, Time Series and Machine Learning in developing Robust consistent Alphas in Equities Market, FX, ETPs and Derivatives instruments. He enjoys deep dives in understanding High Frequency Trading infrastructures and improving how the African financial markets work. He holds a Bachelor's in Actuarial Science from Strathmore Institute of Mathematical Sciences : An Executive Program in Algorithmic Trading (EPAT) certificate in Algo Trading from QuantInsti : A current MSc student in Financial Engineering at World Quant University.

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The Nigerian Fintech industry continues to attract significant investment and interest from around the world. The competitive character of the financial technology field, especially in a fragile economy, can be linked to its success. Nigeria's banking sector remains appealing despite the difficulties, with over $9 billion in value pools.

In 2019, Nigeria's fintech industry received funding from a variety of international investment firms, with Interswitch, a payment system infrastructure service, receiving $200 million in equity funding from Visa, Branch receiving $170 million in funding from foundation capital . . .

To Read More

 

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