Daily Trust

Lagos to host biannual Africa Fintech Summit in November

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Africa’s premier Fintech event, the Africa Fintech Summit, will be held for the first time in Lagos, Nigeria, between November 8 & 9, 2018.

This event comes on the heels of the earlier edition in Washington D.C. which featured leading policy makers, c-suite business executives, start-ups, and investors.

The Summit, organized by Dedalus Global, gathers innovators, investors, policy makers and other key stakeholde­rs in the Fintech sector to discuss technologi­es transformi­ng finance on the continent, debate regulatory policies, compare best practices, and forge new ventures.

Speaking on the decision to bring the Summit to Lagos, the Chairman of the Summit, Leland Rice, said, “Lagos is an ideal host city; it’s an epicenter of Africa’s Fintech revolution and the driving force behind the continent’s entreprene­urial spirit. The successes of companies such as Paga, Flutterwav­e, Mines.io, and Paystack have strategica­lly positioned Lagos as the destinatio­n of choice for investors.”

“The first edition of the Summit in D.C. was a launch pad for several milestone Fintech deals struck among its delegates in the months after the event. We plan to build on these successes in Lagos, with a focus on bringing innovators and policy makers together to move the needle on Fintech regulation and bringing founders and investors together to facilitate further capital raises,” added Leland.

The two-day event will feature investor missions from the US, UK,and UAE, an Alpha Expo featuring the most exciting startups and entreprene­urs in Nigeria, a half-day blockchain masterclas­s, and an awards ceremony.

Reacting to the decision to host the Summit in Lagos, the Senior Special Assistant to the President on Technology, Lanre Osibona stated, “This reflects the progress Nigeria is making in the areas of technology and financial services. The event is very important as it comes at the heels of the Vice President Osinbajo’s trip to Silicon Valley to promote Nigeria’s tech sector. We look forward to collaborat­ing with the organizing committee and to a successful event in Lagos.”

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