Experts in the financial industry have urged fintech companies in Nigeria, especially, those seeking to raise funds to prioritize profitability in their business strategies before approaching investors for funding.
This is even as they noted that the period of just pitching ideas to investors and hoping to get funding is over. The experts spoke at a 2-day TechnNovation FINTECH Conference, organized by FITC with the “Building Trust in the Digital Age: Balancing Performance with Compliance.”
Specifically, the Chief Executive Officer of Clane, a mobile payment company, Mr. Dipo Alabede, in his presentation at the conference said investors are now looking for prospects of profitability before they can commit their funds to any startup.
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