Are There Too Many Nigerian Fintechs? – MoreBranches

Are There Too Many Nigerian Fintechs? – MoreBranches

In the last decade, Nigeria’s fintech scene exploded—from payments and lending to savings, crypto, and neobanking.Hundreds of startups. Billions in funding. One goal: disrupt traditional finance. But now, fatigue is setting in. VCs are asking tougher questions. Users are switching apps like socks. And it’s getting hard to tell one fintech from the next. Everyone seems to be building… the same thing? There are too many wallets but not enough inno…