ICT

Investors from the US, UK, and UAE to Convene in Lagos for Biannual Africa Fintech Summit

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Investors from the United States, the United Kingdom, and the United Arab Emirates are set to convene in Lagos for the Africa Fintech Summit, the continent’s premier financial technology event.

The affair, which is organized by Dedalus Global, brings together innovators, investors, policy makers and other key stakeholders in the Fintech sector to discuss technologies transforming finance on the continent, debate regulatory policies, compare best practices, and forge new ventures.

The Summit will be held for the first time in Lagos, Nigeria, from November 8th to November 9th, 2018 and follows an earlier edition in Washington DC, which featured leading policymakers, c-suite business executives, start-ups, and investors.

Speaking on the decision to bring the Summit to Lagos, the Chairman of the Summit, Leland Rice, said, that Lagos is an ideal host city.

“It’s an epicenter of Africa’s fintech revolution and the driving force behind the continent’s entrepreneurial spirit. The successes of companies such as Paga, Flutterwave, Mines.io, and Paystack have strategically positioned Lagos as the destination of choice for investors,” Rice explained.

“The first edition of the Summit in DC was a launch pad for several milestone fintech deals struck among its delegates in the months after the event. We plan to build on these successes in Lagos, with a focus on bringing innovators and policymakers together to move the needle on fintech regulation and bringing founders and investors together to facilitate further capital raises,” he added.

The two-day event will feature investor missions from the US, UK, and UAE, an Alpha Expo featuring the most exciting startups and entrepreneurs in Nigeria, a half-day blockchain masterclass, and an awards ceremony.

Speakers lined up for the event include Chief Economist of PwC Nigeria, Dr. Andrew S. Nevin; Managing General Partner of EchoVC, Eghosa Omoigui; CEO of Diamond Bank, Uzoma Dozie; Founder of Flutterwave, Iyinoluwa Aboyeji; and CEO of PayStack, Shola Akinlade, whose company recently raised $8 million Series A funding.

Commenting on the decision to host the Summit in Lagos, Senior Special Assistant to the President on Technology, Lanre Osibona, stated that the move reflects the progress Nigeria is making in the areas of technology and financial services.

“The event is very important as it comes at the heels of the Vice President Osinbajo’s trip to Silicon Valley to promote Nigeria’s tech sector. We look forward to collaborating with the organizing committee and to a successful event in Lagos,” Osibona said.

In a similar vein, Tayo Oviosu, the founder of Paga, a payment company that recently raised $10 million in Series B2 funding—said that the Africa Fintech Summit in Washington DC provided valuable insights into the fintech space.

He noted that it connected him with key players in the industry, adding that he was looking forward to the Lagos edition.

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