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Enhancing Financial Innovation & Access (EFInA) is a financial sector development organisation that promotes financial inclusion in Nigeria. Established in late 2007, our vision is to be the leader in facilitating the emergence of an all-inclusive and growth-promoting financial system. EFInA is funded by the UK Government Foreign, Commonwealth & Development Office (FCDO) and the Bill & Melinda Gates Foundation.
EFInA’s holistic approach to expanding access to financial services for all, especially for low-income households is based on the following four pillars:
Research: The provision of credible market information on the Nigerian financial sector.
Innovation: Through our Innovation Fund, we catalyze the development of innovative inclusive financial services for the unbanked and under-banked population in Nigeria.
Advocacy: We advocate for the development and implementation of policies that create an enabling environment for financial inclusion.
Capacity Building: Through workshops, study tours and fora, we stimulate discussions on pertinent issues in the financial sector and impart knowledge from organisations that have had success in developing new innovations and business models that drive financial inclusion
EFInA’s holistic approach to expanding access to financial services for all, especially for low-income households is based on the following four pillars:
Research: The provision of credible market information on the Nigerian financial sector.
Innovation: Through our Innovation Fund, we catalyze the development of innovative inclusive financial services for the unbanked and under-banked population in Nigeria.
Advocacy: We advocate for the development and implementation of policies that create an enabling environment for financial inclusion.
Capacity Building: Through workshops, study tours and fora, we stimulate discussions on pertinent issues in the financial sector and impart knowledge from organisations that have had success in developing new innovations and business models that drive financial inclusion
Overview
Location
Nigeria, Lagos, Okepa
Employees
11-50
Phone
+234 908 749 1837
Founded date
2007
Mentions in press and media 35
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Sep 12, 2025 | Bigger, Bolder, More Personal: ‘My Innovation Story’ Season 2 Spotlights Africa’s Leading Innovators | After a successful debut season spotlighting the journeys of Africa’s boldest entrepreneurs, creatives, and innovators, My Innovation Story returns with Season 2 – bigger, bolder, and more inspiring. Season 1 opened the doors to Africa’s in... |
| Jun 17, 2025 | The Digital Divide in Lending: How Technology Shapes Credit Access in Nigeria | In Nigeria, the quest for loans often feels like a marathon. Many run, but few reach the finish line. The landscape of lending is evolving, driven by technology and data. Yet, a chasm remains between traditional banks and fintechs, creating... |
| Jun 11, 2025 | How do banks and fintechs determine your credit worthiness? | By March 2025, Mubarak Umar had spent a year and a half working as a supplier agent for Sun King, a solar company in Ibadan, western Nigeria, earning about ₦200,000 ($126) monthly, paid directly into his GTBank account. Earlier in the year,... |
| Apr 29, 2025 | Lendsqr develops AI to assess Nigerian borrowers by face and voice | Nigerian lending software startup, Lendsqr, is building an artificial intelligence model that analyses borrowers’ voices and faces to determine if they qualify for a loan. The model, which the company says is 76% accurate, will help Nigeria... |
| Dec 9, 2024 | The Power of Focus: Why Less Can Be More in Business Growth | In the fast-paced world of business, the temptation to cast a wide net can be overwhelming. Companies often chase every potential customer, believing that more is better. However, this approach can lead to chaos and diluted efforts. Instead... |
| Dec 3, 2024 | Market Fit Through Research: The Key to Sustainable Success in African Fintech – Hauwa Okorie | Hauwa Okorie is a Senior Product Manager at Shara Inc., building inclusive financial products for Africa’s SMEs. Hauwa Okorie Africa’s fintech sector is widely recognized for its immense potential. With millions in funding pouring into star... |
| Oct 8, 2024 | Access Bank takes home 2 awards at the 2024 Annual MSME Awards | Access Bank has emerged as the winner in two different categories of awards at the maiden edition of the Micro, Small and Medium Enterprises (MSME) Award Night. This event, organised by Nairametrics and the Economic Forum Series was endorse... |
| Sep 16, 2024 | MasterCard and Airtel Smartcash headline the 2024 annual MSME finance awards program | The Economic Forum Series® (EFS), Nairametrics, and DiGiComm Enterprises are pleased to announce MasterCard and Smartcash Payment Service Bank (PSB) as the Headline Partners for the Annual MSME Finance Awards 2024. This prestigious event is... |
| Aug 9, 2024 | Swipe partners with Renmoney to provide instant loans through SwipeFlex | Swipe, in partnership with Renmoney, has launched SwipeFlex, a financial solution designed to revolutionize Nigerians’ access to credit. The collaboration between Swipe and Renmoney brings together two industry-leading fintechs with a share... |
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FAQ about EFInA
When was EFInA founded?
EFInA was founded in 2007.
What has the press written about EFInA?
Parsers VC has collected 35 articles mentioning EFInA, among them “Bigger, Bolder, More Personal: ‘My Innovation Story’ Season 2 Spotlights Africa’s Leading Innovators” (Sep 12, 2025) and “The Digital Divide in Lending: How Technology Shapes Credit Access in Nigeria” (Jun 17, 2025).
Is EFInA still active?
Yes, EFInA is active; its latest activity on Parsers VC dates from Jul 22, 2026.