Kaduna Based Fintech Startup, Payant Crosses ₦1 billion Transactional Milestone
Two years later, Payant, a fintech startup that provides online payment solutions, recently announced over ₦1 billion in transactions. Based in Kaduna the Northern part of Nigeria, Payant is essentially a web-based invoicing software that lets users create invoices, automatically send payment reminders and accept instant payments online with over 1,600 registered users as at June 2018. According to a blogpost , Payant’s first transaction was worth ₦500 on the 1st of January, 2017. The platform now boasts around 1,500 users. Lowest and highest single payments processed are ₦1 and ₦400,000 respectively. Payant explained in a post that: “In 2018, we are focused on building up our system, improving the quality of our services and increasing our transactions with more merchants." “So far in 2018, we have processed over N1,000,000,000 (One Billion Naira) in total transaction volume with over 1,600 registered merchants.” Aminu Bakori, Found...