How much do I need to start my fintech in Nigeria

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athompson

Joined: Mar 2024
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How much do I need to start my fintech in Nigeria


Fintech in Nigeria is extremely capital intensive.

You need a minimum of 20m naira to go into fintech in Nigeria. A summary breakdown of what gulps up this money is as follows:

1. CAC REGISTRATION
2. ⁠CBN LICENCE
3. ⁠STAFFING
4. ⁠OFFICE SPACE
5. ⁠IT DEPARTMENT
6. ⁠LEGAL TEAM
7. ⁠MARKETING
8. ⁠SEC LICENCE

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