At the Nigerian FinTech Week, Dr. Bisi Aina, Managing Director of Soft Alliance, articulated the company’s plans to enhance its flagship disbursement platform, SoftPay. This discussion took place in an exclusive interview with CoinNewsExtra, marking Soft Alliance’s 20th anniversary and reflecting on its role in Nigeria’s rapidly evolving FinTech landscape.
Dr. Aina began by addressing the impressive growth of the FinTech sector in Nigeria over the past two decades. When Soft Alliance was founded, the industry was still in its infancy, consisting of only a few players. Now, Nigeria boasts nearly 200 FinTech companies, showcasing the increasing demand for digital financial solutions. “The evolution of the sector demonstrates the potential for technology to transform financial services in Nigeria,” Dr. Aina remarked.
He emphasized that SoftPay has emerged as a reliable solution for numerous businesses, allowing them to streamline their payroll and payment processes. However, recognizing the unique challenges faced by mid-sized companies, Dr. Aina announced that Soft Alliance is committed to enhancing SoftPay’s features to better serve this segment. “As businesses grow, their financial management needs become more complex. We are focused on adapting our solutions to address these evolving requirements,” he stated.
In discussing the company’s long-standing partnership with the Nigerian FinTech Association, Dr. Aina highlighted the importance of collaboration within the industry. He believes that by working together, stakeholders can create a more inclusive financial landscape that supports innovation and growth. “Our collaboration with the association has been instrumental in promoting the development of the FinTech ecosystem, and we are dedicated to continuing this partnership,” he added.
As part of the celebrations for Soft Alliance’s 20-year milestone, Dr. Aina outlined several planned events, including hackathons and a Gala Night. These initiatives aim to encourage innovation and recognize the contributions of team members and partners to the FinTech sector. “Our anniversary celebrations are not just about reflecting on our past; they are about looking ahead and fostering a culture of creativity and collaboration within the industry,” he noted.
Looking to the future, Dr. Aina expressed optimism about the continued growth of Soft Alliance and the broader FinTech sector in Nigeria. With a clear focus on enhancing SoftPay and introducing new features tailored to mid-sized companies, Soft Alliance is positioning itself to play a significant role in the digital transformation of Nigerian businesses. “We see great potential in the market and are committed to helping our clients navigate the complexities of financial management in this digital age,” he concluded.
Overall, Dr. Aina’s insights during the interview at Nigerian FinTech Week underscored Soft Alliance’s dedication to innovation and collaboration within the FinTech ecosystem. As the company marks its two decades of service, its focus on adapting to the evolving needs of businesses highlights its commitment to driving growth and efficiency in Nigeria’s financial landscape.