We’re Establishing Africa Fintech Interconnectivity Network (AFIN) To Help Fintechs, MFBs, etc Connect via Satellites

We have been using the SpaceX Starlink system in Nigeria for months, and the thing works. The uptime is good.  We bought it in  the United States and deployed it on a farm in Nigeria, to help in our agriculture business. As Starlink arrives in full, we now want to move to the real reason we have been running experiments in the satellite space.

Our big project is to build the Africa Fintech Interconnectivity Network (AFIN) to make it possible for fintechs  to transmit financial data across any location in Africa through a reliable network. We will begin in Nigeria and then expand to Africa. Focus will be at the connectivity layer (not monetary value layer) and the linkages will be built at the satellite level (with radio supporting where necessary), not just at the internet level. I think you can build massive wealth at the satellite-satellite level but some devices will be needed here and there.

We think that fintechs, microfinance, small banks, exchanges, etc will need this solution if they plan to serve not just urban Africa but rural Africa. Our network will help you link all your systems across Nigeria.

On July 16, 2022 at 6-8pm WAT, Tekedia Institute will present a live session of our course on Satellite Internet in Nigeria: Business and Career Opportunities. We will present setups and more insights on how this technology can unlock opportunities for many. We will show the Starlink system and how it works with some technical insights. You can register to join here.  More so, we will also share more insights on AFIN.

(Masked the brand logo to avoid problems with the regulators. But for you to know, some of us use networks without any relationship with the GSM networks in Nigeria.)

Register for Tekedia Mini-MBA (Jun 3 - Sep 2, 2024), and join Prof Ndubuisi Ekekwe and our global faculty; click here.