Alexander O. Onukwue
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Fintech in Nigeria is growing at an impressive scale. The sector features at least one billion-dollar companies that’s been operating for two decades, a startup recently sold for a historic price and a host of new entrants making waves around the continent.
But compared to how fintech works in some countries, Nigeria has some way to go.
Lithuania is one such country. The northeastern European nation has grown over the past decade to become a bustling fintech hub. A country of just 3 million people, Lithuania is aiming to be a dominant player on the global fintech market. Among other things, it’s becoming a much sought after port of entry into Europe for non-EU startups.