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Most Reliable Fintech Company in Nigeria Flaxx – 2023 Update

Fintech company in Nigeria Flaxx


Fintech company in Nigeria Flaxx –

The Nigerian fintech economy can be traced back to 2002, over the years, there has been a huge transformation in the system, Fintech was not a thing before now  or rather, there was a huge gap between financial service delivery and technology. But, today, things are being done a whole lot differently in the financial sector. Almost every entrepreneur who works online is talking about Fintech. seeing that just that alone ensures fast payment processing or no payment at all.


So, I attended a conference few weeks ago, and a whole lot of entrepreneurs had gathered together to share ideas on various areas in tech, you could see the best of the best and the direct  opposite of what moderation was supposed to be, they touched virtually every area in tech before finally  coming to fintech, to my greatest surprise, almost every entrepreneur knew little or nothing of what fintech was about, it was surprising but yet understandable seeing that we are all drawn to dissimilar things and understand concepts as well as situations very differently…


And so in this article I will inform you briefly but concisely on everything you need to know about Fintech as an entrepreneur and also the best fintech company you can panther with in Nigeria, so without wasting so much time on this introduction, lets dive in!


Most Reliable Fintech Company in Nigeria Flaxx – 2023 Update


Fintech company in Nigeria Flaxx


What is FinTech?


Financial technology, also known as FinTech, is an industry made up of different companies that utilize advanced technology to increase financial services’ efficiency and effectiveness.

Let’s see it this way- FinTech is simply a technical tool that supports financial services and makes the delivery of such services easier.

FinTech companies are businesses that provide financial services to the public using software. These companies, unlike the traditional banking system, are not hindered by factors like legacy operating systems.

FinTech businesses are agile, flexible, have the capacity to bring up innovative ideas and work with experts in the information and technology space. Shortly, we would discuss the best FinTech company currently operating in Nigeria.


The Fintech sector in Nigeria is still young and fresh. So far they have been able to bring up some innovative ideas that have benefited the public, such as addressing issues of inflexible savings, bringing up quick loan strategies and investments, providing online payment gateway and enhancing easy payments, amongst others.


In Nigeria, there are so many good fintech companies on the rise but so far Flaxx has undeniably proven to be the best in payment processing as well as efficiency, below is everything you need to know about Flaxx, their registration, verification as well modalities as it concerns the brand.


Fintech company in Nigeria Flaxx


Flaxx   is by far one of the fastest growing and  reliable payment processing portals right now in Nigeria when it comes to international transactions, it’s my one-time less dramatic medium to send and receive money abroad. Flaxx allows you receive payments from anywhere in the world within the shortest possible time, they are targeted at anyone hoping to secure payments fast and at a very reasonable rate too ranging from entrepreneurs to freelancers, digital creators, business owners and basically anyone wanting to receive payments from abroad in Nigeria.


Payments are sent directly to your Flaxx dollar or Euro account and withdrawals can be requested and processed within 3 hours directly to your Nigerian bank account.


You can set up an account with Flaxx in less than 10 minutes, get verified and receive payments in any currency at cheap rates. There are no extra charges on withdrawals, it is absolutely FREE, Flaxx charges only on deposits for transactions. Here are the pros and cons to look out for when using Flaxx…


Fintech company in Nigeria Flaxx


Pros of Using Flaxx


  1. Transactions are fast and easy
  2. it is safe and secure
  3. The verification process is easy to walk through
  4. Deposit is absolutely free
  5. Their transfer rates are  great
  6. Their users enjoy  24/7 customer support system


Cons of Using Flaxx


  1. They do not use a mobile app
  2. they are new to the payment processing industry


Flaxx Features



Fintech company in Nigeria Flaxx


  • Works well with PayPal, Payoneer, and Amazon


  • Virtual Account for PayPal Verification and International Payment


  • Accept credit and debit cards, Alipay, Applepay and so much more


  • Works well with other freelance services like Upwork and Fiverr


I have tested the website for myself and everything is functional. The USD account here can be used in withdrawing funds from PayPal, Payoneer, Amazon, Upwork and Fiver. Like Grey and Payoneer, creating a virtual account is free, and you only need to prove your identity in four easy steps.


You can  link this virtual account to PayPal or Payoneer so you can withdraw your funds at the black market rate. I guess everybody knows Payoneer’s rate is somewhat low. The rate right now will be about NGN430, which is the official CBN rate. If you still withdraw from Payoneer straight to your Naira account, you are losing a lot of money and leaving out the better part on the table.


How to Open A Flaxx Account




  1. To register and verify your Flaxx account, follow this process,
  2. Go to https://Flaxx.co
  3. On the left side corner, click on the three lines and choose Register
  4. Provide all your necessary details, including your Full name, email, Phone number and password.
  5. When you are done, click on create an account. Then the website will ask you to verify your email address.
  6. An OTP would be sent to your email to verify, input the OTP code and click on Verify. You will be verified immediately and your account will be activated successfully
  7. And there you have it, your account would be ready, you can simply login with your email and password to complete your KYC. They trade with the black market rate and receives deposit at zero cost.
  8. After ID verification, you can request virtual cards. You can request GBP, USD, Euro, and Naira bank accounts. Your USD account will be given to you immediately you request for one.



And there you have it, who knew that opening an international account could be this easy? if you haven’t created an account, I strongly recommend you go back and do so, now that its FREE and very easy to become verified…


The FinTech industry in Nigeria is a promising one and is still booming. This list of opportunities is endless. FinTech companies only covers a small fraction of the tech space and organizations currently operating in the country.


 I would love to hear from you, What are your thoughts on this post? I sincerely hope you found this content helpful and resourceful, until I write to you again, stay above the trends and dominate your space…


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