As a small to medium-sized business owner in Nigeria, navigating the complex banking landscape can be daunting. With numerous options available, it’s essential to choose a banking partner that understands your unique needs and provides tailored support.
In this article, we’ll explore why Fintechs with POS services and Tier-3 to Tier-2 banks are better suited for small to medium-sized businesses, and why Tier-1 banks may not be the best fit.
For micro to small businesses with revenues between N50m to N100m yearly, Fintechs with POS services are an attractive option. These Fintechs offer a range of services that cater specifically to the needs of small businesses, including quick credit lines to support cash flows.
Unlike Tier-1 banks, Fintechs are more agile and can provide faster, more flexible solutions that meet the unique demands of small businesses. Tier-1 banks, on the other hand, are…
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