• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, August 7, 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

Konfam Joins African Fintech Market

by Solomon Nda-Isaiah
3 years ago
in News
Konfam
Share on WhatsAppShare on FacebookShare on XTelegram

Konfam, a fintech startup developed by Novalux ideas ltd, Lagos is set to join the African fintech market as one of the latest solution providers in the Nigerian financial system.

Advertisement

One of the Co-founders, Mr Michael Amakeze, said the fintech was set up to provide escrow services and act as a payment intermediary between buyers and sellers who over the years are yearning for payment system that gives them equal control and access to their funds during business transactions.

In a press statement released by the company’s Head of Marketing, Mr Peter Ezenwa , the startup aims to among other things build trust between vendors and their customers, boosting business transactions and eliminating fraud in the process.

The statement reads in parts, “The prominence and traction of the Nigeria online market place came with it a lot of promises. For online vendors, the world became smaller. The reach is unprecedented, with minimal cost.

Konfam

RELATED

Manufacturing Woes Contributing To Foreign Exchange Shortage — NESG Report

Shrinking Industrial Base, Dominant Informal Sector Undermine Economic Growth, NESG Warns

14 seconds ago
Mixed Performance On Equities Expected This Week

Bulls Extend Run, Equities Cap Hits N92trn On Renewed Investor Optimism

5 minutes ago

“With the increasing internet penetration, smart phone revolution and the widespread adoption of electronic payments, ecommerce in Nigeria is fast taking a pride of place alongside brick and mortar stores within a very short time.

“However, the massive opportunities it presents also has a tragic flaw-lack of trust. Incidences of fraud are rife. According to ecommerce complaint (@eccnigeria), Instagram shoppers alone lost over N273 million Naira to scammers between April 2020 and September 2021. This is excluding other social media platforms and other online market places.

“It is for this reason that the Lagos-based Fintech startup NOVALUX IDEAS LTD developed and launched a revolutionary app and website called Konfam.ng. It is an escrow platform that helps to eliminate fraud and grants equal control of funds to both vendors and buyers, ensuring seamless and satisfactory business transactions,” it added.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Konfam
SendShareTweetShare
Previous Post

Popular Actor, Kunle Afod, Wife Split

Next Post

Senator Adeyemi Constituency Projects Light Up Kogi West

Solomon Nda-Isaiah

Solomon Nda-Isaiah

You May Like

Manufacturing Woes Contributing To Foreign Exchange Shortage — NESG Report
Business

Shrinking Industrial Base, Dominant Informal Sector Undermine Economic Growth, NESG Warns

2025/08/07
Mixed Performance On Equities Expected This Week
Business

Bulls Extend Run, Equities Cap Hits N92trn On Renewed Investor Optimism

2025/08/07
Stanbic IBTC Restates Support For Business, Economic Growth
Business

Stanbic IBTC Capital Named Best Investment Bank

2025/08/07
UBA Adds PAPSS To Chatbot LEO For Local Currencies’ Cross-border Payments
Business

UBA Adds PAPSS To Chatbot LEO For Local Currencies’ Cross-border Payments

2025/08/07
Heritage Bank: NDIC Begins Uninsured Depositors’ Payment From April
Business

NDIC Pays N54.62bn To 691,418 Customers Of Defunct Heritage Bank

2025/08/07
Egbin Power Advances Energy Transition Drive, Appoint New CEO
Business

Egbin Power Transformer Fire Disrupts Electricity Supply In Parts Of Lagos, Ogun

2025/08/07
Leadership Conference advertisement

LATEST

Shrinking Industrial Base, Dominant Informal Sector Undermine Economic Growth, NESG Warns

Bulls Extend Run, Equities Cap Hits N92trn On Renewed Investor Optimism

Stanbic IBTC Capital Named Best Investment Bank

UBA Adds PAPSS To Chatbot LEO For Local Currencies’ Cross-border Payments

NDIC Pays N54.62bn To 691,418 Customers Of Defunct Heritage Bank

Egbin Power Transformer Fire Disrupts Electricity Supply In Parts Of Lagos, Ogun

Oando Foundation Empowers Nigerian Youth With Green Upskilling Programme

Fitch Downgrades Union Bank To ‘Failed’ Status, Cites Capital Shortfall

FG, Kuwait Foundation Explore Partnership Areas

Firm Empowers Local Hairstylists, Uplifts Communities

© 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.