Share of fintech startups in Nigeria 2022, by sub-sector
startups in Nigeria are concentrated in Lagos.
As of 2022, most fintech startups in Nigeria specialized in payments and remittances. This referred to nearly 27 percent of 173 ventures. Moreover, fintech ventures in lending and financing represented a share of over 19 percent, while those operating in blockchain accounted for 11 percent of the total. Overall,