Nigeria FinTechs partner with Sumsub to drive innovation and compliance


FinTech Association of Nigeria (FintechNGR) has forged a strategic partnership with Sumsub, a leading provider of identity verification and compliance solutions to drive innovation and compliance in the Nigerian fintech ecosystem.

This collaboration marks a significant milestone in the advancement of the Nigerian FinTech sector and underscores Sumsub’s commitment to supporting innovation and regulatory compliance in the region.

Through this partnership, Sumsub will work closely with the FintechNGR to provide advanced identity verification and compliance solutions tailored to the needs of Nigerian FinTech companies.

By leveraging Sumsub’s cutting-edge technology, FinTech startups and established players alike will be equipped with robust tools to streamline customer onboarding processes while ensuring adherence to regulatory requirements.

With the rapid evolution of regulatory landscapes globally, compliance has become a top priority for FinTech companies. Sumsub’s expertise in compliance automation and Know Your Customer (KYC) procedures will empower FintechNGR members to navigate complex regulatory frameworks with ease, fostering trust and confidence among customers and regulators alike.

“Sumsub’s industry-leading FinTech offerings are ideally suited for the Nigerian marketplace,” says Dr Babatunde Obrimah, COO, FintechNGR. “Sumsubs cutting-edge innovation understanding of the African sector is unparalleled.”

Driving Innovation

The partnership between Sumsub and FintechNGR will serve as a catalyst for innovation within the Nigerian FinTech ecosystem. By providing access to state-of-the-art identity verification technologies and best practices, the collaboration aims to accelerate the development and deployment of innovative financial solutions that address the evolving needs of Nigerian consumers and businesses.

Community Engagement

In addition to offering cutting-edge solutions, Sumsub and FintechNGR will collaborate on various initiatives aimed at fostering knowledge sharing and collaboration within the Nigerian FinTech community. Through workshops, webinars, and networking events, members will have the opportunity to exchange insights, learn from industry experts, and forge strategic partnerships to drive collective growth and impact.

“We are excited to announce our partnership with FintechNGR,” said Richy Emah, Business Development Manager at Sumsub. “By combining Sumsub’s expertise in identity verification and compliance with the FintechNGR’s deep understanding of the Nigerian FinTech landscape, we are confident that we can empower FinTech companies to thrive in a rapidly evolving regulatory environment while driving innovation and delivering exceptional user experiences.”

Sumsub’s partnership with FintechNGR represents a significant step forward in the advancement of the Nigerian FinTech ecosystem. By combining forces, both organisations are poised to revolutionise the way FinTech companies approach compliance and innovation, ultimately driving greater financial inclusion and economic prosperity across Nigeria


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