By JEROME USHAKANG
The Nigerian Stock Exchange (NSE), said it has planned to explore new technologies including blockchain and Distributed Ledger Technology (DLT) for capital raise, as Fintech and investment into the space continues to gain traction around the globe, Chief Executive Officer(CEO), of the NSE, Mr. Oscar Onyema, disclosed this at the Fintech Social Meet 4.0 organised by the Exchange in Lagos. Onyema stated that the global picture of capital flow into Fintech especially in emerging markets is a proof that Fintech are important economic catalysts in the fourth Industrial Revolution, but regretted that local investors are not taking advantage of it to advance their investments.
Onyema stated that KPMG’s “2018 Global Analysis of equity investment into global Fintech companies almost tripled from $18.9 billion to $50.8 billion between 2013 and 2017; and has continued to gain traction.
But noted that surprisingly, foreign investors seem to be seeing these gains better than local investors as statistics show that they have dominated capital raise for indigenous start-ups in the last couple of years.
“At the NSE, one of our key strategies is the segmentation of our market with the introduction of a Growth Board to cater to companies with high growth prospects, including Fintech emerging from venture capital management to a more mature management that would require public investment and corporate consolidation.