Nigerian Tech Startup Secures $10 Million in Funding

Source:Vanguard Nigeria
June 30, 2025
Lagos, Nigeria
technology
regular
positive
fintech
startup
funding
digital payments

Lagos-based fintech startup, PaySwift, has secured $10 million in Series A funding from international investors to expand its digital payment solutions across West Africa. The announcement, made on June 30, 2025, marks a significant milestone for Nigeria's tech ecosystem, which continues to attract global attention. PaySwift's CEO, Adaobi Okonkwo, stated that the funds will be used to enhance their platform's security features and onboard more small businesses. Industry analysts see this as a boost to financial inclusion in the region, though challenges like regulatory hurdles remain.

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