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Alexander O. Onukwue Share this article Fintech companies, like every other business, aspire to extend their operations beyond their first base. For example, a startup that began in Nigeria may, in a few years, desire to expand into other countries when the right opportunity opens up. Lidya, Paga and Migo are among a few recent examples. When we examine how expansion works, a common thread comes to the forefront: Because the realities of running fintech operations differ from one country to another, it is often impossible to set up shop in a new country without assistance. Requirements for business registration, licensing, account opening, taxation, data protection and others could make the expansion process intense and discouraging. 

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