EFInA to Boost Financial Inclusion with $2m FinTech Challenge Fund

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Paul Arkwright

Emma Okonji

Financial Innovation and Access (EFInA) says it will use the occasion of the recent visit of the British Prime Minister, Theresa May, to Nigeria to introduce a new challenge fund focusing on financial technology (Fintech) companies to enhance the uptake and usage of financial services by the low income population in Nigeria.

At a business networking event hosted by the British High Commissioner to Nigeria, Mr. Paul Arkwright, EFInA’s Board Chair, Mr. Segun Akerele, introduced EFInA as a financial sector development organisation that promotes financial inclusion in Nigeria. The company’s mission is to make the financial
sector work better for the poor.

He explained further that EFInA is funded by the UK’s Department for International Development (DFID) and the Bill and Melinda Gates Foundation. DFID is a United…



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