Tingo, Inc. (IWBB) Corporate Media Kit

Fintech in Nigeria - potential ~ 60 million Nigerians do not have a bank account 60m $50bn The Nigerian Digital Financial Services market is worth $50 bn S o u r ce: F i n T ec h L a nd sc a pe a nd I mpa c t As ses sm en t S t u d y , E F I nA Harne s s i ng N i ge ri a’ s F i nt ech po t e nt i al , Mc K i n s e y • The Niger ian F inTech landscape i s at t ract ive and growing, wi th a concent rat ion in Lagos , focused on banked customers andproviding payment and lending solut ions . • However , dynamics are changing – new pockets of growth are emerging dr iven by changes in consumer behavior , funding sources, and new bus iness models; leading to an extens ion of Financial Services to unserved and underserved populat ions. 18