Nigerian fintech startup NowNow Digital Systems has aimed at building a system that will not only drive financial empowerment but also help introduce new products through scaling and expanding its service offerings across the continent.
This was expressed after the firm secured seed funding to improve financial inclusion in Nigeria and across Africa. Leading the funding move, NeoVision Ventures Ltd, DLF Family Office and Shadi Abdulhadi, the sum of $13 million was raised. It has been stated that the funds will serve as a driving force to empower people financially by launching new products and improving the rate of its existing consumer banking, agency banking, and merchant payment solutions.
Speaking further on the plans to achieve that, the group’s Chief Executive Officer and Co-founder, Sahir Berry, buttressed that there will be an increase in intensity in its commitment to drive financial access and empowerment for Africans, which would help in bridging the gap between the banked and unbanked in Nigeria.
Sahir Berry and Mahesh Nair founded the financial technology startup in 2016 to provide solutions to financial inclusiveness and create employment opportunities, two primary problems observed in Nigeria and the other parts of the continent.
