Money laundering and financing of terrorism have been a concern for financial institutions, government organizations, policymakers, and businesses globally. In the bid to identify, monitor and put a stop to criminal activities from abusing the financial system and reduce the negative effects of criminal activities on the economy, many countries in the world (including Nigeria),...
As an investor, you will agree that one of the challenges that come with investing in Startups is the possibility that such startups may be a bad investment as a result of the inability of the latter to meet up with growth projections and expectations. In addition, the unstable state of the global economy hasn’t...
So, you are a founder (or team of founders) on a mission to provide access to borderless digital investment and wealth management opportunities to individuals and businesses in Nigeria. You’ve done your market analysis and your service offering fits the description of what the foremost digital brokerage investment companies in Nigeria with the likes of...
One of the ways startups raise funds is through venture capital firms (VCs). A venture capital firm provides some form of private equity financing to start-ups and emerging companies with high growth potential or who have demonstrated high growth over a period of time. Funds provided by VCs, are raised from a combination of financial...
INTRODUCTION Have you been in business for a while and you are overwhelmed at the thought of resolving frequent legal concerns that arise from your business such as; Tax harassment Having to deal with employees who leave your business without prior notice or who leave your business to set up businesses similar...
Are you about starting a company with a co-founder and you have concerns such as; 1. What if my co-founder doesn’t pull his/her weight and I need to find another co-founder? 2. What if I realize in the future that my co-founder isn’t the person I thought he/she was when I started the business? 3....
INTRODUCTION Amongst other concerns associated with starting and running a business, fundraising is one of them. There are several fund raising options to consider to consider which we shared in our previous article you may read it HERE. There are primarily two ways in which startups could fund their businesses; 1. Equity financing; in which...
There is no doubt in our minds that the advent of mobile phones has opened consumers up to immense possibilities. From communications to financial transactions, our mobile phones has become a powerful device. To exploit the inherent benefits associated with mobile devices especially in the area of financial transactions, companies such as Paga, MTN’s MOMO,...
The late 20th century has witnessed the rise of Fintech companies in Nigeria that offers financial services which were originally exclusive to traditional financial institutions. Taking bearing from the likes of Remita, Paystack, Flutterwave, PiggyVest, Kuda Bank, etc fintech companies are primarily known for using technology to improve financial services and increase access to finance....
On the 15th day of October 2020, amidst the ongoing #ENDSARS protest in Nigeria, the world received news that one of Nigeria’s most frequently used online payments and processing service provider, Paystack had recently been acquired by a San Francisco based software and financial services company, Stripe. This news has since brought a breath of...
