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VC investors are making big moves into Nigeria. Here's why the African giant could be the next fintech frontier

1 month ago   |   By Business Insider

Summary List Placement The advent of digitizing financial services has arrived and now investors are scrambling to search out the next big thing.
Despite a huge population, youthful demographics and growing mobile phone usage, Africa has yet to see a challenger banking champion like Nubank in Brazil or Chime in the US. That may well change in the coming years, however, as Nigeria bids to be the world's next fintech powerhouse. Nigeria's population is set to spike to 400 million people by 2050, which would make it the world's third-largest country and investors believe the opportunity to...
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