## The $230 Million Question: What's Really Happening in Nigerian Fintech
Nigerian fintech raised $230 million in 2025—a staggering 44% decline from 2024's $410 million haul. On the surface, the numbers tell a story of retrenchment. But dig deeper, and you'll find something more instructive: a market reckoning that separates genuine problem-solvers from rent-extractors.
The paradox is stark. Over 500 fintech companies now operate in Nigeria, yet only 27 managed to secure funding of $100,000 or more this year. In a landscape where fintech startups account for 40% of all tech ventures, just 5% c