Expanding Financial Access: Building a Marketplace for Agrocommodity Trade and Export in Nigeria with Abiola Jimoh

Episode 172 with Abiola Jimoh, Co-Founder and Co-CEO of XchangeBox, the company behind PayRep, a platform supporting payments, collections, and access to financial products for SMEs, farmers, and traders across Nigeria.

XchangeBox focuses on improving access to financial services for underserved communities through its PayRep platform. By offering services such as health insurance, pension savings, microcredit, and digital payments, the company supports the growth and stability of local economies. With a Super Agent licence, a PSSP, and a Microfinance Bank, XchangeBox works to complement government efforts to promote financial inclusion, particularly in rural and northern regions of Nigeria.

In this episode, we discuss the challenges and opportunities in building financial services for underserved markets, the role of regulation in shaping the fintech sector, and the potential for a more coordinated e-commerce framework across Africa.

What We Discuss With Abiola

• The operational strategies that have enabled XchangeBox to scale transaction volumes and build trust at agent locations across rural Nigeria.
• Navigating regulatory frameworks in Nigeria’s fintech sector and securing multiple licences.
• The importance of localising services while maintaining a unified product experience across different Nigerian regions.
• Why Africa needs a more intentional and synergised e-commerce framework to unlock the continent’s full potential.
• Future expansion opportunities across African markets and the need for greater cross-border fintech collaboration.

Did you miss my previous episode where I discuss AI and Solar: Why Financing Is the Missing Piece in Africa’s Clean Energy Puzzle? Make sure to check it out!

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Connect with Terser:
LinkedIn – Terser Adamu
Instagram – unlockingafrica
Twitter (X) – @TerserAdamu

Connect with Abiola:
LinkedIn – Abiola Jimoh
Twitter – @rajabiola

Many of the businesses unlocking opportunities in Africa don’t do it alone. If you’d like strategic support on entering or expanding across African markets, reach out to our partners ETK Group:

www.etkgroup.co.uk
info@etkgroup.co.uk