Technopreneurship and Enabling Growth of Fintech Start-Ups in Nigeria

Ekhator Osagie Osarosee and Adedipupo David Laoye
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Ekhator Osagie Osarosee: Department of Management (Entrepreneurship) Ignatius Ajuru University of Education
Adedipupo David Laoye: Department of Management (Entrepreneurship) Ignatius Ajuru University of Education

International Journal of Research and Innovation in Social Science, 2025, vol. 9, issue 14, 201-215

Abstract: This study examines how technopreneurship enables the growth of FinTech start-ups in Nigeria. This research’s specific objectives are to: Examine the relationship between technological innovation and market opportunities identification of FinTech start-ups in Nigeria. Ascertain the relationship between technological innovation and market penetration of FinTech start-ups in Nigeria. Examine the relationship between business acumen and market opportunities identification of FinTech start-ups in Nigeria. Ascertain the relationship between business acumen and market penetration of FinTech start-ups in Nigeria. The study population comprised 160 managers and non-managerial personnel from 7 Nigeria FinTech start-ups. A sample size of 113 was determined using Krejcie and Morgan sample technique. Cross-sectional design was adopted for this study. Google online questionnaire form was used to collect data from the study sample and Cronbach Alpha reliability test with 0.7 and above results was used to test the reliability of the instrument. The formulated hypotheses were tested using multiple regression statistics. The result from the hypotheses revealed that technopreneurship is significantly associated with enabling the growth of FinTech start-ups in Nigeria. From these results, the study concluded that technological innovation is essential for developing novel financial technologies with distinctive capabilities to identify and penetrate new markets and service customers not adequately serviced or not serviced by traditional financial institutions. The study also concludes that technopreneurship variables (technological innovation and business acumen) have ensured sustainable growth of FinTech startups in Nigeria. The study recommended that technopreneurs should not only equip themselves with technical skills but also entrepreneurial acumen to enable them to effectively navigate the processes involved in becoming successful technopreneurs.

Date: 2025
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