The ninety billion dollars Nigeria banking sector boasts of financial institutions that provide credit to businesses and individuals with collaterals that complement their financial needs. However, in recent times, Fintech Companies—disruptors—permit ordinary people and small business owners to take quick loans through mobile apps without going through the stress of providing collaterals. These disruptors are gradually relegating the commercial banks to the background.

Although these disruptors are solving the urgent needs of the middle and lower class, they are not meeting the basic necessities of life. And that is the major focus of Femi Bejide, an innovative entrepreneur, software architect and the CEO of Clan.

Clan—we call it fintech on steroid—is a hybrid Fintech Company that simplifies payments; helping financial institutions and businesses provide credit to consumers across Africa, starting from Nigeria.

In this interview, Femi Bejide, the Founder and CEO of Clan shares his entrepreneurship journey and everything you need to know about building a successful business in Africa.