If you’re unsure what FINTECH stands for, it’s short for financial technology. Fintech aims to improve the convenience of financial services, transactions, and payments. Gone are the days when completing a transaction took half a day because the number of people in the line determines the speed with which you’ll withdraw or send money before you arrive at the bank. Here are the top 5 Fintech apps used by Genzs in Nigeria.
Must Read: Top 7 Online Payment Gateways in Nigeria And Their Services 2022
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Piggyvest
Piggyvest is one of Nigeria’s most popular finance apps, founded by Joshua Chibueze, Odunayo Eweniyi, and Somto Ifezue. It’s similar to a typical savings account, but it’s online. Piggyvest’s app offers a variety of saving options. Piggybank is an Automated Savings Account, and it’s a safety lock that works on Fixed Savings. Saving for numerous goals on your own or with a group is targeted savings, goal-oriented saving, or goal-oriented saving.
There’s also Piggy Flex Naira, which allows you to save in various ways. You can save, transfer, withdraw, manage, and arrange your money for free at any time. Investing and Piggy Dollar, for example, allow consumers to invest in various companies such as agriculture and save their money in dollars. The interest rates on Piggyvest range between 8% and 13%.
Cowrywise
Cowrywise, like Piggyvest, is an online savings platform. Rasaq Ahmed and Edward Popoola founded it. Cowrywise has a financial planner for its consumers, including savings and investing capabilities. It allows you to save money with your pals, build a Stash, and invest in mutual funds.
On the Cowrywise app, you’re spoiled for choice. Consider all of the possibilities that come with Cowrywise.
Flutterwave
Olugbenga Agboola and Iyinoluwa Aboyeji founded Flutterwave.
Flutterwave is the financial startup that opened investors’ and other startups’ eyes in Nigeria and that’s why it is made to our list of top 5 Fintech apps used by Genzs in Nigeria. It is a money processing company, and the company streamlines payments for a wide range of applications.
It caters to various business owners, from freelancers to small firms, banks, and even large corporations. Create an online store, virtual cards, invoices, apps with their API, websites, and even pay for subscriptions with their platform.
The startup has also aided other firms by acquiring them, awarding grants, and even providing the cash.
Must Read: FlutterWave Collaborates With Paypal To Redefine E-Commerce in Africa
BuyCoins
Buy coins is a cryptocurrency payment platform that makes sending and receiving money simple, founded by Ire Aderinokun, Timi Ajiboye, and Tomiwa Lasebikan.
With Buycoins, You can now buy and sell straight in the app (with no hidden costs) and in real-time. Their goal has always been to bring proper borderless value exchange to the African continent and beyond.
Their dream has always been to do more than set up a bitcoin exchange, and they are confident that the aim of using bitcoin to help financially connected Africans requires more than a fiat-to-crypto conversion.
Paystack
Shola Akinlade and Ezra Olubi are the cofounders of Paystack. Paystack develops technology to aid the growth of Africa’s most outstanding businesses, from startups to industry giants introducing innovative business models.
They make it simple for businesses to take safe payments from various local and worldwide payment channels, and then they provide tools to help you keep and gain new clients.
Must Read: Stripe Becomes Silicon Valleys Most Valuable Private Company
Final Words
Fintech has lowered the time it takes to import a single item from six months to a year because of e-commerce and the accessibility of international transactions. The world of money has changed dramatically from cash to receipts, ATM cards, POS terminals, internet transactions, and now virtual cards and cryptocurrencies. This article gives a comprehensive list of the top 5 Fintech apps used by Genzs in Nigeria, to facilitate international transactions.
