Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Zango has come out of stealth mode, securing $4.8 million to transform financial compliance systems using AI agents.

July 2, 2025

Analysis of Key Indicators of AI Vulnerabilities in Financial Technology and Healthcare Applications

July 2, 2025

essential support for hospitals during financial crises

July 2, 2025

Mapping the Companies That Establish a Brand in the Chinese Fintech Sector

July 2, 2025
Facebook X (Twitter) Instagram
Trending
  • Zango has come out of stealth mode, securing $4.8 million to transform financial compliance systems using AI agents.
  • Analysis of Key Indicators of AI Vulnerabilities in Financial Technology and Healthcare Applications
  • essential support for hospitals during financial crises
  • Mapping the Companies That Establish a Brand in the Chinese Fintech Sector
  • Floridians Lead the Country in Embracing AI for Financial Management
  • Floridians lead the nation in adopting AI for financial management
  • PayTM restricts 10% amid rumors of government cancellation of MDR – Is the expansion of UPI in India becoming a challenge for fintech companies? More details here.
  • Enhancing Regulatory Innovation to Support the FinTech Sector in the UK
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    Fintech Company Pine Labs Submits IPO Documents to SEBI for Fundraising, According to Reports

    June 26, 2025

    Breaking News: Initial lineup of demonstrations revealed for FinovateFall 2025

    June 12, 2025

    Fintech Scotland and TSB unveil a new innovation lab initiative.

    June 3, 2025

    OECD Economic Outlook June 2025: The Fintech Executive’s Strategic Playbook

    June 2, 2025

    The impact of the fintech recruitment crisis on job seekers.

    May 28, 2025
  • AI

    Zango has come out of stealth mode, securing $4.8 million to transform financial compliance systems using AI agents.

    July 2, 2025

    essential support for hospitals during financial crises

    July 2, 2025

    Floridians Lead the Country in Embracing AI for Financial Management

    July 2, 2025

    Floridians lead the nation in adopting AI for financial management

    July 2, 2025

    A fresh leader directs the ethical application of AI in financial decision-making.

    July 2, 2025
  • Acquisitions

    African fintech leaders are shaping the industry through worldwide acquisitions.

    June 30, 2025

    Acrisure obtains significant funding to enhance its fintech strategy.

    June 14, 2025

    $200 million IPO SPAC aims for acquisitions in fintech and AI sectors.

    June 1, 2025

    Wealthsimple hires multiple teams to enhance family financial management.

    May 31, 2025

    The HPS of Morocco plans to acquire a Fintech company by 2027, referred to as CEO – TradingView News.

    May 3, 2025
  • Trends

    Key Trends and Focus Areas in Fintech Payments for 2025

    June 22, 2025

    Overview of the Singapore Fintech Market: Market Size, Trends, and Growth Potential

    June 18, 2025

    Southeast Asia’s Fintech Market: Size, Trends, and Growth Potential

    June 13, 2025

    Irish fintech remains on a remarkable growth trajectory, contrary to global trends.

    June 12, 2025

    The Irish fintech sector is thriving and surpassing global trends.

    June 9, 2025
  • Insights

    Schaeffer Investment Research Scholarships Break Through Significant Resistance Levels

    June 27, 2025

    Finance Magnates Reports: XBO Designated as Top Cryptocurrency Payment Gateway. XBO’s core principles of trust and simplicity align with cutting-edge solutions, providing customers access to an award-winning crypto payment option. 16 hours ago

    June 26, 2025

    Fintech Bank competes with HSBC and Lloyds in the current account market.

    June 24, 2025

    Netcapital’s Nasdaq acquisition of a web3-based free gaming platform without mixing code

    June 19, 2025

    Ali Kassab and Freedom PSP: Unraveling the Myths of Fintech

    June 19, 2025
  • Rumors

    PayTM restricts 10% amid rumors of government cancellation of MDR – Is the expansion of UPI in India becoming a challenge for fintech companies? More details here.

    July 2, 2025

    The Giant Fintech Green Point Captivates Investment Capital Interest

    June 25, 2025

    Chinese Ant Group refutes speculation about a partnership with Rwa and Stablecoin.

    June 20, 2025

    Tua Tagovailoa Trade Speculation: Miami Dolphins May Pursue QB Negotiations After 2025 Season if Playoff Aspirations Fall Short | NFL News

    June 16, 2025

    Paraphrase the title from the Circle files regarding the IPO for the Bank.

    June 7, 2025
  • Startups

    Analysis of Key Indicators of AI Vulnerabilities in Financial Technology and Healthcare Applications

    July 2, 2025

    Mapping the Companies That Establish a Brand in the Chinese Fintech Sector

    July 2, 2025

    Saudi fintech Petroapp secures $50 million for development and anticipates an IPO.

    July 2, 2025

    Indian fintech firm Fincfriends secures $11.5 million in debt financing.

    July 1, 2025

    Saurabh Dwivedi Appointed CTO of Indian Fintech Company Mobikwik

    July 1, 2025
  • finjobsly
fintechbits
Home » New fintech founders complain about a bygone era instead of seizing new opportunities – Iyin Aboyeji
Jobs Market News

New fintech founders complain about a bygone era instead of seizing new opportunities – Iyin Aboyeji

4 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Iyinoluwa Ayodeji.jpg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Popular technology leader, Iyin Aboyeji, has blamed the younger generation of Nigerian fintech entrepreneurs for failing to seize new opportunities emerging in the country. The technology leader said this during the Rise up again The Morning Show, where he was a guest.

According to the Andela co-founder, average Nigerians need help adapting to the current financial and economic realities brought about by rising inflation and its consequences. According to him, these realities and their challenges create opportunities that fintechs can seize and offer solutions.

He said these solutions must be aimed at helping the average person in this high inflation environment. However, the new generation of fintech entrepreneurs prefer to do the same things that older fintechs did in their day and are “sick to the stomach” that it is no longer lucrative.

“There is now an opportunity for fintechs to move beyond what we did in our time, which was limited to simple payments, to thinking deeper; what do people need in terms of food, energy, jobs, asset management? What do they need, then do they provide these services to the people? Unfortunately, fintech entrepreneurs don’t do this. They complain about a bygone era when you could make money through cheap foreign exchange arbitrage. This day is over“, said the co-founder of Flutterwave.

The genius of Direct Card Routing: the secret recipe for success of payment giants
Fintechs must look beyond payments

He urged fintech founders to seek to help Nigerians manage their finances better and find ways to make money, especially in foreign currencies.

He also urged them to better help people save for long-term purchases, as borrowing is not an option at benchmark interest rates of 2% or more. These are the problems that fintechs should help people solve.

Iyin Aboyeji attributes the frosty relationship between banking and fintech to a lack of intergenerational solidarity

Speaking about the frosty relationship between traditional banks and fintechs, Iyin Aboyeji, who pointed out that the sector would not exist today without banks, said the problem was people and not a matter of politics.

He pointed out that the Banks and Other Financial Institutions Act, 2020 (BOFIA) attempted to address the issue from a policy perspective by allowing banks to invest in fintech companies, which was previously frowned upon.

Unfortunately, the planned collaboration did not materialize despite everything.

“I don’t think it’s a political function. I think it’s a function of people. The youngest must humble themselves a little, and the oldest may also have to lower themselves to conquer a little and help understand that this is the future of the country. I think there are a lot of things that young people need to learn and that older people need to understand a little bit too. And the lack of what I call intergenerational solidarity between fintechs and banks is perhaps at the origin of this phenomenon.“, he said.

Speaking on engagement with government, Iyin Aboyeji expressed his belief that young entrepreneurs must come together to present to government what they need to do. He said they can’t allow political leaders to “wag the tail” because they generally don’t know what the industry demands.

“Under the Osibanjo/Buhari administration, even with some of the political upheavals that they experienced, the industry was able to tell them, hey, here’s what we needed and, to their credit, they were responsive. They responded in many cases, but in some cases they didn’t respond as well. But they responded in many cases in such a way that the industry could thrive despite economic circumstances“, said the co-founder of Flutterwave.

Iyin Aboyeji pointed out that there is a general lack of coordination, which is unfortunate, especially at this time.

Iyin Aboyeji says fintech founders complain about bygone days instead of seizing new opportunitiesIyin Aboyeji says fintech founders complain about bygone days instead of seizing new opportunities
Bosun Tijani, Nigerian Minister of Communications, Innovation and Digital Economy

Speaking about the opportunities for fintech startups under the Tinubu administration, the Nigerian tech leader said that while it is still early days, there are impressive early signs.

One such sign is the appointment of a respected member of the startup ecosystem, Dr. Bosun Tijani, as Minister of Digital Economy. He said the minister is currently tackling some of the biggest issues such as talent, connectivity and artificial intelligence.

He also said the government needed to tackle issues around regulation. While praising the previous administration for doing a good job regulating the fintech space on the banking side, he said now is the time to innovate on the security side. The capital market side.

“We also need to start thinking about insurance and risk. They’ve done some interesting things in digital assets, but now we need to think carefully about what they can do in terms of lowering the bar for advisors to allow more young people to enter the scene. with new products and new ideas“, said Iyin Aboyeji.

See also: Yellow Card to ‘actively’ seek regulatory approval in Nigeria after $33 million raise

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The top five in-demand positions for MBAs by 2025

June 22, 2025

Employment Opportunities in Fintech, Online, and Cryptocurrency from May 29 to 30 – Cape Town FMAS: 25

May 30, 2025

Exploring Fintech, Cryptocurrency, and Online Job Opportunities in South Africa from May 29 to 30 – Cape Town FMAS: 25

May 29, 2025
Leave A Reply Cancel Reply

Latest news

Zango has come out of stealth mode, securing $4.8 million to transform financial compliance systems using AI agents.

July 2, 2025

Analysis of Key Indicators of AI Vulnerabilities in Financial Technology and Healthcare Applications

July 2, 2025

essential support for hospitals during financial crises

July 2, 2025
News
  • AI in Finance (1,323)
  • Breaking News (152)
  • Corporate Acquisitions (65)
  • Industry Trends (176)
  • Jobs Market News (290)
  • Market Insights (188)
  • Market Rumors (240)
  • Regulatory Updates (149)
  • Startup News (875)
  • Technology Innovations (152)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,323)
  • Breaking News (152)
  • Corporate Acquisitions (65)
  • Industry Trends (176)
  • Jobs Market News (290)
  • Market Insights (188)
  • Market Rumors (240)
  • Regulatory Updates (149)
  • Startup News (875)
  • Technology Innovations (152)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.