• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, August 31, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Clowd9 CEO Backs Nigerian Fintechs, Pledges 90% Cost Slash On Card Services

by Royal Ibeh and Christiana Ezekiel
1 month ago
in News
Fintech Investment Financial Internet Technology Concept

Fintech Investment Financial Internet Technology Concept

Share on WhatsAppShare on FacebookShare on XTelegram

Clowd9 co-founder and chief executive officer, Suresh Vaghjiani, has thrown his weight behind local fintech startups, while announcing a 90 per cent reduction in card service infrastructure costs for African startups.

Advertisement

Vaghjiani, at a high-level UK-Lagos fintech and sustainability trade mission in Lagos, on Tuesday, outlined Clowd9’s commitment to empowering African fintechs with scalable, cloud-native payment technology that sidesteps the limitations and cost barriers of legacy systems offered by global giants like Visa and Mastercard.

“What I think about the fintechs in Nigeria is that they are solving some real problems. Historically, the large card schemes have been extremely expensive and restrictive. What Clowd9 has done is to build an end-to-end cloud-native payments platform that delivers services at less than 10 percent of what other providers charge,” Vaghjiani stated.

Clowd9, whose platform powers leading fintechs like Revolut, Monzo, and Starling Bank, aims to replicate its European success in Africa by offering Nigerian startups the infrastructure to scale both locally and globally without prohibitive costs or geographic limitations.

“We have taken everything we have learned from Europe’s leading fintechs and applied it to create a globally connected solution. No physical data centers. No unnecessary hardware. You only pay for what you use. This is exactly the kind of flexibility African fintechs need to thrive,” he said.

RELATED

Residents Applaud Mbah, Police Intervention In Enugu Community Killing

Police Arrest Man For Alleged Killing Of 5-yr-old Boy In Adamawa

4 minutes ago
Ex-Deputy Governor Emerges ADC Interim Chair In Nasarawa

ADC Slams Kaduna Police Over ‘Criminalisation’ Of Political Activities

36 minutes ago
ADVERTISEMENT

Vaghjiani also addressed the longstanding challenges around cross-border transactions, particularly interoperability and regulatory friction. He explained that Clowd9’s standardised global platform ensures seamless technical integration regardless of geography, solving one half of the cross-border problem. “Technologically, we have solved the interoperability issue. All our platforms share the same code base, same infrastructure, globally,” he said.

However, he admitted that regulatory hurdles remain a tougher challenge, particularly for Nigerian companies often perceived internationally as higher-risk entities. “It makes me sad to say, but there is still a perception issue. Nigerian companies trying to operate overseas are often seen as high risk, even when they are compliant. But that is changing, as companies like Moneypoint and Flutterwave are proving that perception wrong,” Vaghjiani noted.

Vaghjiani was part of a UK business delegation to Lagos led by London & Partners, a trade and investment promotion agency backed by the Mayor of London. The visit underscores the increasing importance of Lagos, Africa’s fintech capital, in global technology strategy.

ADVERTISEMENT

The UK delegation emphasised Lagos’s emergence as a vital node in the global tech economy, driven by a vibrant startup scene, creative talent, and real-world innovation that solves problems under challenging conditions.

The Lagos state commissioner for Innovation, Science and Technology, Olatunbosun Alake, offered a spirited welcome to the delegation and highlighted the state’s aggressive investment in digital infrastructure, policy innovation, and grassroots startup support.

“London may refine innovation, but Lagos stress-tests it. We have deployed over 4,000km of fiber optics and launched hubs across underserved communities. We are not just building for Lagos, we are building for global impact,” Alake stated.

Alake called on UK investors to go beyond transactional partnerships and embrace co-creation with local innovators. “This is not the time for another roundtable or white paper. It is time to build the Lagos–London Innovation Corridor—with shared value, ethical AI, and fintech rails that connect the global North and South. When the British capital meets Nigerian creativity, that is when we shape the future of global technology,” Alake stated.

 

 


Join Our WhatsApp Channel



Tags: Clowd9
SendShare10174Tweet6359Share
ADVERTISEMENT
Previous Post

World Chess Day: Rupetta Academy Celebrates Academic Excellence

Next Post

Collaboration With Marketers On Petrol Distribution Subsists – Dangote Refinery

Royal Ibeh and Christiana Ezekiel

Royal Ibeh and Christiana Ezekiel

You May Like

Residents Applaud Mbah, Police Intervention In Enugu Community Killing
News

Police Arrest Man For Alleged Killing Of 5-yr-old Boy In Adamawa

2025/08/31
Ex-Deputy Governor Emerges ADC Interim Chair In Nasarawa
News

ADC Slams Kaduna Police Over ‘Criminalisation’ Of Political Activities

2025/08/31
‘His Reforms Brought Lasting Changes To Police Force’, Tinubu Mourns Ex-IGP Arase
News

‘His Reforms Brought Lasting Changes To Police Force’, Tinubu Mourns Ex-IGP Arase

2025/08/31
Senate Confirms Arase As PSC Chairman
News

‘Arase One Of Most Resourceful Retired IGPs’, Makinde Mourns

2025/08/31
Kwara Gov’s Aides Empower APC Women, Youths
News

Kwara Gov’s Aides Empower APC Women, Youths

2025/08/31
JUST-IN: BBNaija Star Phyna’s Sister, Ruth Otabor, Dies After Truck Accident
News

JUST-IN: BBNaija Star Phyna’s Sister, Ruth Otabor, Dies After Truck Accident

2025/08/31
Leadership Conference advertisement

LATEST

Police Arrest Man For Alleged Killing Of 5-yr-old Boy In Adamawa

Martinez Missing In Villa Squad Amid Man Utd Interest

ADC Slams Kaduna Police Over ‘Criminalisation’ Of Political Activities

‘His Reforms Brought Lasting Changes To Police Force’, Tinubu Mourns Ex-IGP Arase

‘Arase One Of Most Resourceful Retired IGPs’, Makinde Mourns

Kwara Gov’s Aides Empower APC Women, Youths

JUST-IN: BBNaija Star Phyna’s Sister, Ruth Otabor, Dies After Truck Accident

Tinubu Mourns Bishop Francis Okobo

Police Rescue 1 Kidnap Victim, Arrest 3 Suspects, Recover Arms Cache, N6m Cash In Akwa Ibom, Nasarawa

Kano Gov’t Loses N1bn Annually For Not Auctioning Used Items

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.