Across Africa, Wealthtech Startups Tread A Never-Ending Minefield

No doubt, the much-reported regulatory order that effectively shut out cryptocurrency companies from the banking system was the hottest topic in Nigerian tech in the early days of February.

But there was an equally unsettling development that flew under the radar about the same time, seemingly overshadowed by the noisy crypto ruckus.

While crypto firms scrambled, the fact that a number of local fintech firms in the savings/investment segment also found themselves in a bit of a pickle at that same time went largely underreported.