Chief Executive Officer of FlashChange, Bidemi Oke, tells Felix Oloyede that Nigeria can leverage cryptocurrencies to improve capital inflows into the country
Last year, the government, through the Security Exchange Change came up with plans to regulate the crypto space. How do you react to this?
The SEC’s move to introduce a regulatory framework for crypto space is a commendable step in the right direction. By aligning with global best practices, this initiative not only enhances investor protection and transparency but also paves the way for more structured and sustainable growth in the industry. With clear guidelines in place, we can expect a safer environment that attracts institutional investment and drives innovation—demonstrating that proactive regulation is indeed the way to go for fostering a robust crypto ecosystem.
How can Nigerian crypto startups attract foreign investments?
Nigerian crypto startups can attract foreign investments by focusing on three key areas:
Regulatory compliance and transparency: Investors need confidence. Startups should align with evolving regulations, adopt clear governance structures, and ensure strong security measures to reduce risk perception.
How would you describe the growth of Nigerian start-ups in the crypto space?
Nigerian startups in the crypto space have experienced remarkable growth, positioning the nation as Africa’s premier fintech and blockchain hub. These innovators are not just adopting crypto—they are driving transformative solutions that tackle real financial challenges. From streamlined payment systems and efficient remittance channels to advanced DeFi platforms and robust Web3 infrastructure, Nigerian startups are building the future of digital finance.
A standout example is the emergence of companies that have seamlessly integrated crypto solutions to power cross-border payments. This success highlights Nigeria’s unique role in shaping the industry: rather than following trends, the country is creating the very infrastructure that will drive global adoption. This vibrant ecosystem not only fuels local innovation but also positions Nigeria as a key player on the international stage.
What is your firm bringing to the table that is different from what is currently obtainable in the market?
At FlashChange, we recognise that many financial platforms fall short as your needs evolve. That’s why we are building a scalable, agile ecosystem designed to grow with you—providing tailored financial solutions today and well into the future.
Our platform is continually refined based on advanced analytics and direct user feedback. Whether you are just starting out or managing a diverse portfolio in your later years, FlashChange’s modular design ensures you always have access to the precise tools you need, when you need them.
We integrate crypto trading, gift card exchange, remittance, and a host of other financial services into one unified solution. This proactive approach means that as market trends shift and your financial goals change, our system adapts—anticipating your needs before they become challenges.
FlashChange is not just another financial app—it is your long-term partner, engineered to keep pace with your life and help you stay ahead in a dynamic market.
How do you create values?
When your team genuinely believes in the mission and vision, the execution feels natural — not forced. That belief drives every interaction, every innovation, and every customer experience at FlashChange. It’s that energy — a culture of ownership, care, and excellence — that powers our growth and keeps us aligned with our purpose every step of the way.
What is your overview of the Nigerian crypto space?
Nigeria stands out as a global leader in crypto adoption, ranking second worldwide—with about 33 per cent of Nigerians actively using or investing in digital assets. This impressive figure highlights the strong trust people have in crypto for storing value, transferring money, and even hedging against inflation.
While the lack of clear regulations has introduced some uncertainty and risk, it also presents a tremendous opportunity for growth. Looking to positive examples like South Africa—where recognising crypto as a financial product and implementing a licensing system has attracted significant institutional investment—we see a clear path forward.
By establishing a robust regulatory framework, Nigeria can protect its users, attract global capital, and foster a climate of innovation. This approach will unlock the full potential of the Nigerian crypto space, transforming challenges into opportunities for sustainable, structured growth.
How many markets does your company currently cover in Africa?
Right now, we are actively serving markets in Nigeria and Ghana, with a vision to expand even further. This is just the beginning—our goal is to bring seamless financial solutions to more countries across Africa and beyond.
What measure(s) have you put in place to build investors’ confidence?
Our focus on scalability and sustainable growth drives every decision we make. We are committed to delivering real-world solutions while upholding strict regulatory compliance and robust governance standards. By staying ahead of evolving policies and adhering to both local and global best practices, we reduce uncertainty and build trust. Complementing this, our security and risk management framework prioritises top-tier protocols, regular audits, and effective fraud prevention measures to protect assets and bolster our credibility. Through regular reporting, open communication, and data-backed decision-making, we ensure that everyone—from investors to stakeholders—can rest easy knowing that the business is both reliable and positioned for sustainable growth.
