An executive of a Nigerian FinTech Company, ‘Advansio Interactive’ have commended the federal government’s efforts at supporting the growth of FinTech firms in the country.
Ikenna Agugua, Co-founder, of Advansio, speaking during a FinTech conference held recently said that the support of the government has helped accelerate the growth of startups in the country.
Agugua explained that legislations such as the Companies and Allied Matter (CAMA) Act and the startup bill would help accelerate the growth of technology startups in the country.
“When we started Advansio, there were a lot of boxes of taxes to pay, some even existed that we didn’t know about and you get penalized, but over time we did not stop doing what the law says. We were serving several banks and that required us to always pay our taxes to be in the government’s good books.
“However, things are getting better because, in the last two years, there has been a lot of improvement and support from the government, the central bank of Nigeria (CBN), and other regulators,” Ikenna Agugua, Co-founder, Advansio, said.
Advansio Interactive had organized the Fintech for Growth conference convened with the theme ‘Bridging the Gap Between where Fintech is and where it Should be’ to among other reasons, support more female fintech founders to come onboard.
The firm in collaboration with Taj Bank had awarded the sum of N1,000,000 to Regixta Credit, a female-founded FinTech firm.