Stats like this are so lazy. What about gdp per capital and the % of the capital living in abject poverty.
I don’t see the emphasis on starting so many fintechs to do xyz with money that nobody has. It’s so strange to me@
USA with population of 330 million has over 8,775 fintechs
UK with population of 68 million) has over 2,500 fintechs
Africa with 1.2 billion population has just 573 fintechs.
Nigeria with 200 million people has about 144 fintechs.
No, Nigeria does not have too many fintechs.