Nigerian FinTechs like Friendsvow APP, are building more solutions to improve lives and businesses – TeamApt


Young founders of FinTechs firms are now building more solutions aimed at improving the lives of individuals and businesses in Nigeria.

This was disclosed by the Chief Operating Officer, TeamApt Limited, Tovi Amira, a FinTech firm, on Saturday in Lagos during the DLM Capital’s Pegasus Fintech Challenge.

He said, “It was a delight to sit as a member of the judging panel for the 2021 Pegasus Fintech challenge. The program aligns with our objective as an organization to encourage innovation and creativity in the Nigerian fintech landscape.

“It was particularly exciting to see and listen to young Nigerian founders who have come together to build solutions aimed at improving the lives of individuals and businesses in Nigeria for the better. I must also commend the organizers of this pitch for making an effort to promote and encourage innovation through funding and support. It’s our hope that the winners would put the funds to good use and bring all their fantastic ideas to reality”.

The Managing Director of Links Microfinance Bank, Funsho Idowu, explained that FinTechs have recorded huge success in Nigeria in few years and that his firm is happy to provide this support to fintech startups in Nigeria as a way of enabling growth in the industry.

What you should know

  • DLM Capital Group through its digital banking subsidiary “SOFRI” has announced EazyChange as the winner of the first edition of its Fintech pitch competition tagged – Pegasus Fintech Challenge.
  • The front runner EazyChange, who emerged winner is a fintech startup with a focus on creating easy cash payments for transportation in Nigeria. OgaPOS emerged as the first runner up, EsusuAfrica as the second runner up, and Friendsvow APP as the third runner up.
  • The finalists presented their pitches to the panel of judges which consisted of the Group CEO, DLM Capital Group, Sonnie Ayere; Managing Director of Links Microfinance Bank, Funsho Idowu; Chief Executive Officer of Cowrywise, Razaq Ahmed; Chief Operating Officer of TeamApt, Tobi Amira; Team lead Design and Innovation Lab at Africa Fintech Foundry (AFF), Omolola Tunde-Alade; and Senior M&A Executive at Interswitch Group, Victor Sada who represented the Group’s CEO, Mitchell Elegbe.

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