SUBA Capital, a burgeoning fintech platform, has recently emerged as one of the top ten finalists at MarkHack 3.0.

This prestigious event, organized by the Eko Innovation Center, is a significant milestone in the fintech industry, showcasing the most innovative and promising technology startups in the region.

Held in Lagos, MarkHack 3.0 brought together a diverse array of tech enthusiasts, entrepreneurs, and industry leaders.

SUBA Capital’s recognition as a top ten finalist highlights the platform’s commitment to revolutionizing financial technology and its potential to make a substantial impact in the fintech space.

SUBA Capital’s achievement at MarkHack 3.0 underscores its innovative approach and dedication to advancing financial solutions in Nigeria and beyond.

As one of the leading finalists, SUBA Capital continues to build on its momentum, aiming to drive financial inclusion and deliver state-of-the-art fintech solutions to its growing user base.

Key Features of SUBA Capital

High-Yield Savings: SUBA Capital offers members the opportunity to earn significant returns on their co-saved funds. This feature makes saving not only accessible but also highly rewarding, encouraging more individuals to save.

Low-Ticket Investments: Traditionally, investment opportunities are often reserved for high-net-worth individuals, leaving out those with limited means.
SUBA Capital democratized these opportunities, allowing even modest investors to participate and grow their wealth.

Micro-Capital Access: One of the platform’s most impactful features is its provision of micro-capital to entrepreneurs and small holder farmers.

This access to funding can be a game-changer for individuals who need capital to start or expand their businesses or agricultural activities.

The Impact of SUBA Capital

SUBA Capital’s innovative approach to financial inclusion is already making a significant impact. By providing access to financial tools and resources, the platform empowers its members to take control of their financial futures.

This empowerment is particularly significant for small holder farmers and entrepreneurs, who often face significant barriers to accessing capital.

Empowering Small Holder Farmers

Small Holder farmers play a crucial role in the agricultural sector, especially in developing countries. However, they often lack access to the financial resources needed to invest in their crops and livestock, improve yields, and increase income.

SUBA Capital’s micro-capital access feature addresses this gap by providing farmers with the necessary funding. This financial support can transform rural communities, reducing poverty and promoting sustainable agriculture.

Supporting Entrepreneurs and Small Business Owners

For budding entrepreneurs, access to capital can mean the difference between a great idea remaining a dream and becoming a thriving business.

SUBA Capital’s platform provides the financial backing necessary to turn entrepreneurial visions into reality.

By offering low-ticket investment opportunities and facilitating peer-to-peer lending, SUBA Capital helps business owners secure the funds they need to start and grow their businesses.

The Visionary Team Behind SUBA Capital

The success of SUBA Capital can be attributed to its dedicated and visionary team. Leading this innovative venture are three dynamic individuals:

Silas OZOYA: A strategic business thinker with expertise in fund management, product management, and digital finance, Silas OZOYA has been instrumental in shaping the platform’s innovative features and ensuring its technical robustness.

Adaku Ekwueme: A seasoned Product Manager and Operations Chief who is an advocate for community empowerment, Adaku’s insights into peer-to-peer lending and co-investment have been crucial in tailoring the platform to meet the diverse needs of its membership.

Unyime Harrison: As a data analyst and dynamic leader with a deep understanding of the underserved microfinance landscape, Unyime’s passion for financial inclusion drives the strategic direction of SUBA Capital.

In conclusion, SUBA Capital’s emergence as a top ten finalist at MarkHack 3.0 by Eko Innovation Center is a testament to the innovative spirit and dedication of its team.

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TECHDIGEST – Financial technology (Fintech) is used to describe new tech that seeks to improve and automate the delivery and use of financial services. At its core, fintech is utilized to help companies, business owners and consumers better manage their financial operations, processes, and lives by utilizing specialized software and algorithms that are used on computers and, increasingly, smartphones.

Fintechs generally are on the rise, the world knows that technology is the next oil money. I have seen that foreigners are already positioning themselves to be able to harness that opportunity; I also find out that even the foreigners are coming to Nigeria to invest in companies that are tech-based because they know that this is the next oil money.

Sadly, Nigeria has not taken a position, we are still stuck in the old ways of doing things and that is why Nigerian investors are not seeing the potential even though foreign investors are leaving their country to invest in Nigeria’s tech ecosystem.

Some examples of Fintech companies with foreign investments in Nigeria include; Paga, Interswitch, Piggyvest, Remita, Opay, Kuda, and Voguepay among others.
Notwithstanding, indigenous budding Nigerian fintech with little or no foreign investment is living up to the bill in digital solutions delivery and one of such is SUBA Capital.

SUBA Capital, the latest addition to Nigerian Fintech startup, is the digital application that solves the problem of financial exclusion of small scale farmers and businesses by giving them access to capital to encourage economic growth.

In an exclusive interview with TechDigest, founder/CEO of SUBA Capital, Silas Ozoya, said the company is promoting financial inclusivity to enable small business owners and smallholder farmers access to working capital to fund their operations.

Mr Silas explained that the SUBA Capital App will provide the platform for middle-class Nigerians, at home and in the diaspora, to invest in profitable financial dealings, while also giving small business owners and farmers easy access to working capital.

According to him, there are about 41.5 million small businesses and about 38 million financially excluded Nigerians, mostly smallholder farmers, as at the last Nigerian Bureau of Statistics (NBS) report. On the flip side, there are a lot of middle class Nigerians (about 41million people or 23% of Nigeria’s population) who can currently not afford to buy into traditional investment vehicles because they are high earned or high ticket.

“So what we are doing is simply bringing together and managing demand and supply. Demand being business owners and smallholder farmers in need of working capital and supply being the middle class Nigerians willing to make between monthly micro-investments,” Silas explains.

READ ALSO: SUBA Capital Promises Small Businesses, Farmers Access To Funds

He further stated that SUBA Capital would help subscribers imbibe the culture of saving to raise funds for investment in sustainable and profitable businesses to reduce poverty and bridge the divide among different social classes, “this is why we at SUBA Capital have broken investing in these investment vehicles into micro-investment plans to make them affordable to the average middle-class Nigerian,” he said.

Mr. Silas also maintains that with the help of SUBA Capital services, Nigerians will become more committed to putting some money aside monthly by investing in sustainable, profitable business and agricultural opportunities while providing capital for the business owners and smallholder farmers which translates to job creation, and the reduction of poverty and hunger.

SUBA Capital CEO called on Angel Investors and Venture Capitalists to invest in startups, expressing the readiness of his firm to partner with interested parties.

Being able to leverage technology to reach a much bigger market is a plus for the tech ecosystem, especially in finance, which has become the go-to for the Nigerian middle class that is helping in bridging the gap between the different social classes.

However, as financial technology progresses and solutions are developed, more challenges also appears.

The industry is capable of attracting huge foreign direct investment (FDI) into the country if government and its agency like NITDA creates more enabling environment. Providing an enabling environment for fintech would make the industry more competitive and expand to other markets.
I will also encourage Fintech startups to come up with technical innovative products that could help solve problems in the financial industry and boost financial inclusion.

Abbas, a staff writer with TechDigest, contributes this piece from Abuja

The post SUBA CAPITAL: Fintech And Nigerian Investors appeared first on Tech Digest News.

By Abbas Badmus

TECHDIGEST – Nigerian financial solution startup, SUBA Capital says their digital application will solve the problem of financial exclusion of small scale farmers and businesses by giving them access to capital to encourage economic growth.

In an exclusive interview with TechDigest, founder/CEO of SUBA Capital App, Silas Ozoya, said the company is promoting financial inclusivity to enable small business owners and smallholder farmers access to working capital to fund their operations.

Ozoya explained that the SUBA Capital App will provide the platform for middle class Nigerians, at home and in the diaspora, to invest in profitable financial dealings, while also giving small business owners and farmers easy access to working capital.

“There are about 41.5 million small businesses and about 38 million financially excluded Nigerians, mostly smallholder farmers, as at the last Nigerian Bureau of Statistics (NBS) report.

“On the flip side, there are a lot of middle class Nigerians (about 41million people or 23% of Nigeria’s population) who can currently not afford to buy into traditional investment vehicles because they are high earned or high ticket.

“So what we are doing is simply bringing together and managing demand and supply. Demand being business owners and smallholder farmers in need of working capital and supply being the middle class Nigerians willing to make between monthly micro investments”.

“This is why we at SUBA Capital have broken investing in these investment vehicles into micro investment plans to make them affordable to the average middle class Nigerian’’, he said.

He further explained that SUBA Capital would help subscribers imbibe the culture of saving to raise funds for investment in sustainable and profitable businesses to reduce poverty and bridge the divide among different social classes.

“With the help of SUBA Capital services, Nigerians will become more committed to putting some money aside monthly by investing in sustainable, profitable business and agricultural opportunities while providing capital for the business owners and smallholder farmers which translates to job creation, and the reduction of poverty and hunger.

“Being able to leverage technology to reach a much bigger market is a plus for the tech ecosystem, especially in finance, has become the go-to for the Nigerian middle class that is helping in bridging the gap between the different social classes.

TechDigest gathered that over 425 registered subscribers are currently linked to SUBA Capital services, while 10 businesses, and 58 smallholder farmers are helping them produce and trade close to 400 tons of food and indirectly impacting over 3000 people.

The SUBA Capital CEO called on Angel Investors and Venture Capitalists to invest in the startup, saying they are ready to partner with interested parties.

The post SUBA Capital Promises Small Businesses, Farmers Access To Funds appeared first on Tech Digest News.