Lagos, Nigeria – [News24Hours.org] — Leading Nigerian fintech firm, Remita, is setting its sights on broader African expansion, with plans to leverage artificial intelligence (AI) to drive innovation, financial inclusion, and operational efficiency across the continent.
The company, known for its robust payment solutions across public and private sectors, released a comprehensive report titled “Unlocking the Power of AI in Nigeria’s Fintech Sector,” forecasting that Nigeria’s AI market could hit $434.4 million by 2026, growing at a rapid 44.2% annual rate.
“AI is the future of financial services,” Remita stated in the report. “From fraud prevention to data-driven decision-making, it’s essential for fintechs looking to scale responsibly.”
Africa’s Fintech Powerhouse
According to industry analysts, Nigeria continues to dominate Africa’s fintech scene—accounting for 52% of the continent’s fintech funding and home to five of Africa’s nine unicorns. Remita aims to capitalize on this momentum, advocating for smarter, AI-enabled financial services that can compete globally.
In recognition of its achievements, Remita was named “Africa’s Fintech Company of the Year 2023” by UK-based Acquisition International at the Worldwide Finance Awards. The accolade affirms the company’s consistent efforts in building reliable and secure payment infrastructures for governments, SMEs, and enterprises.
Backing Africa’s Startups
As part of its long-term growth strategy, Remita is also investing in the continent’s entrepreneurial ecosystem. At the recent Africa Startup Festival, the company unveiled plans to launch a Startups Academy—a platform aimed at providing early-stage businesses with mentorship, technology solutions, consulting support, and access to capital.
“Africa’s future lies in its innovators,” a company spokesperson said at the event. “Our role is to power their ideas with the right digital tools.”
Looking Ahead
With bold plans for AI adoption and strategic market entry across Africa, Remita is positioning itself as a catalyst for digital transformation within the financial technology space. As competition stiffens and consumer expectations rise, the company believes a smarter, faster, and more inclusive fintech system is not just possible—but inevitable.
Stay with News24Hours.org for continued updates on Africa’s evolving tech landscape.
