NEWS
Canadian FinTech Periculum launches in Nigeria
Michael Temitope Collins , Founder and CEO , Periculum , said : “ Africa needs domestic credit to stimulate real economic growth . And this is not only bank-to-business credit , but it can also be digital lending for shortterm credit as well as ‘ buy now , pay later ’ schemes . The absence of tech-enabled credit assessment infrastructure has limited the quality and quantity of lending and may be behind the risk premiums borrowers have to pay , and the harassment practiced by predatory lenders in countries like Nigeria . Periculum will change that .
Canadian FinTech start-up and credit assessment company , Periculum , has launched in Nigeria to tackle the challenge of domestic credit to the underserved markets .
The move comes as availability of domestic credit is a key requirement for consistent economic growth in developing countries .
Nigeria ’ s domestic credit market pales in comparison to similar countries of the same size .
Focused on improving financial inclusion in emerging markets through automated credit assessment tools , Periculum officially launched its financial service product offerings recently .
We are a top provider of data analytics and credit assessment services targeted explicitly to underserved markets . We help our customers to reduce their lengthy loan application processing times and loan default rates and offer loans to the underbanked . With reliable , tech-enabled , credit assessment services , financial institutions can increase lending to those that need credit .”
Severus launches limited edition ‘ African Hero ’ NFT collection
FinTech platform Severus has launched a limited edition NFT collection called ‘ African Hero ’, to commemorate Africans who have shaped history and to inspire young Africans to build a brighter future . The African Hero NFT collection is available on popular NFT marketplace , OpenSea .
Severus ( previously FoxWallet ) is launching a world-first NFT collection focussed on inspiring African heroism . The NFT collection , aptly called , ‘ African Hero ’, depicts the North African , Septimius Severus ( AD145-AD211 ) during his reign as the Roman emperor from AD193 to AD211 . The NFT collection aims to highlight the achievements of Africans who have made invaluable contributions to science , technology , economics and other areas of human advancement . The African Hero NFT Collection is not only a hat-tip to Roman Emperor , Septimius Severus , the African hero and liberator of his people , but also comes with additional benefits that holders are able to redeem within the Severus platform .
“ By resurrecting the legacy of the great African-born Roman Emperor , Septimius Severus , we want to inspire young Africans to rise up and take their rightful place as global leaders who will shape the future ,” said Lonwabo Fololo Co-Founder and COO of Severus .
“ We ’ re living in the greatest of times , the financial and technological revolution known as Web3 is happening before our eyes ,” said Chief Product Officer and Co-Founder Bruce Martin .
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