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Finlogic evolves from start-up to leading financial solutions provider

Hauwa Ali by Hauwa Ali
May 27, 2024
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Finlogic Nigeria Limited has rapidly evolved from a start-up to a key player in Nigeria’s financial landscape.

Its journey from a start-up to a premium organisation in Nigeria was possible because of its tech-driven approach, which ensures efficiency, transparency, and cost-effectiveness for its clients.

The company developed a safe and efficient currency exchange platform that offered real-time exchange rates to businesses in Nigeria. With each transaction being transparent and secure, each business using the platform was able to save time and concentrate on its core operations.

Read also: Fintech Association of Kenya announces Ongwae as Board Director

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Money change is more straightforward with Finlogic. It has stimulated overall growth in cross-border trade between Nigeria and China, boosting economic activity and developing immense new business opportunities between the two countries.

The success of Finlogic has been nothing but the manifestation of the vision of Joseph Afolabi, and herein lies the very aspect of his being the financial oracle. This is an automated base that has been powered by Google Query, where this advanced system supports automated accounting procedures and filters data to provide real-time insights about performance; it is as good as having a financial oracle at the tips Finlogic can use to make informed decisions in the click of fingers.

Finlogic fosters collaboration

At Finlogic, collaboration is more than just a buzzword; Joseph has instilled a culture of teamwork and open feedback. The team always pools collective brainpower to develop innovative solutions to keep Finlogic miles ahead.

The performance and growth numbers of Finlogic are quite jaw-dropping: In 2022, the net revenue recorded was $270,000, a commendable achievement for a relatively young company. Six energised employees at Finlogic have come together with a finance, technology, and customer service skill set. Joseph Afolabi’s commitment to serving clients better through innovation remains at the core of Finlogic’s success.

Contributing to Nigeria’s Economic Growth

Finlogic Nigeria Limited, under the visionary leadership of Joseph Afolabi, has been at the forefront of contributing to Nigeria’s economic growth. Many Nigerian businesses have faced problems while trying to change the Naira to the Chinese Yuan. Such problems included changing exchange rates, unreliable service providers, and lengthy transactions.

Bachelor of Engineering graduate of the Federal University of Agriculture in Abeokuta and a holder of a Private Pilot License from Moncton Flight College in Canada, which underlines the systematic and critical thinking of the man. This is necessary when operating in an unpredictable and ever-changing business environment.

Read also: Tala Kenya unveils new savings products for over 3.5 million users

Undoubtedly, awards and recognition have followed Joseph as the hallmark of his career. He was awarded the Most Versatile Student at the College of Engineering, FUNAAB 2017, and further recognised as a Sustainability Leader by United People Global in 2018. Yet, still, Joseph remains grounded. “These accolades are reflective of the collective effort of our team,” he humbly acknowledges.

Businesses that once hesitated to engage in currency exchange due to security fears are now more at ease while dealing with international transactions. The increased trust has facilitated smoother trade operations, spurring economic growth. More businesses can join the global market, and Finlogic’s innovative approach has benefited individual businesses and driven economic progress through trade and job creation.

Tags: Finlogic
Hauwa Ali

Hauwa Ali

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