Nigeria’s Fintech Evolution: From Hypergrowth to Profitability

Nigeria’s fintech sector experienced explosive growth fueled by ambitious startups and mobile money adoption, but faces a critical turning point. Once focused on attracting investors through rapid scaling and aggressive free-to-user models, the industry now pivots towards profitability. The new focus is not simply about reaching millions of users; it’s about generating sustainable revenue to ensure long-term survival in an increasingly challenging economic climate. 2025 presents a pivotal year for Nigerian fintech as companies grapple with dwindling investor funding and volatile macroeconomic conditions.