In a continent where financial systems are often riddled with inefficiencies and barriers, innovators like Abdulfatai Suleiman are paving the way for a more inclusive and accessible future.
He co-founded Lazerpay, a blockchain payment gateway raising $1.1 million from some of the world’s most prestigious VC firms.
Post Lazerpay, Abdulfatai has emerged as a leading voice in blockchain and fintech. His work is not just about building solution-driven innovative technology; it’s about breaking down barriers, empowering businesses, and creating opportunities for millions in emerging markets.
In this interview, Abdulfatai shared his vision for blockchain payments in Africa, and how he’s driving innovation in one of the most fast-paced industries today.
You’ve been at the forefront of blockchain and fintech innovation in Africa. What inspired you to pursue this path?
My journey into tech started with curiosity. I’ve always been fascinated by how technology can solve real-world problems, especially in underserved markets. When I discovered blockchain, I saw its potential to revolutionise financial systems, particularly in Africa, where traditional systems often exclude millions. Building Lazerpay was a step in the right direction, as I wanted to create solutions that make financial services more accessible and inclusive.
Lazerpay was a game-changer for digital asset payments in Africa. What challenges did you face, and how did you overcome them?
One of the biggest challenges was educating businesses and users on the practicality of using digital currencies for transactions. Many viewed them as speculative rather than trusted payment methods. We focused on creating a smooth, intuitive platform that made digital currency adoption simple and reliable for businesses. Raising $1.1 million in funding was a validation of our vision, but the real win was seeing businesses use Lazerpay to grow and reach global markets.
You have been busy helping build world-class payment solutions at Paystack, one of Africa’s most successful fintech startups. What about Paystack’s mission resonates with you the most?
Paystack’s mission is to empower businesses in Africa to accept payments easily and securely, enabling them to grow and thrive in the digital economy, ultimately accelerating commerce across the continent. My focus has always been to build scalable, user-centric solutions that address the unique challenges of businesses in Africa. My work is rooted in understanding the needs of underserved markets. Whether it’s enabling small businesses to accept digital payments for the first time or helping larger enterprises scale their operations, every solution we build is designed to lower barriers and create opportunities. I also believe in the power of collaboration. By working closely with other fintechs, developers, and stakeholders, we can create an ecosystem that supports financial inclusion at every level. For me, it’s not just about building tools; it’s about empowering people.
What do you think is the biggest barrier to blockchain adoption in Africa, and how can it be addressed?
The most significant barriers are awareness and education. Many still don’t understand how blockchain works or how it can benefit them. To address this, we need more initiatives that simplify blockchain technology and demonstrate its practical applications like cross-border payments, remittances, and financial inclusion. It’s also crucial to build infrastructure that makes blockchain accessible to businesses and individuals, regardless of their technical expertise.
You’ve spoken at events like JoBetter Space, Google Developer Festival etc. What message do you hope to convey to the global tech community?
My message is simple: Africa is not just a consumer of technology, it’s a hub of innovation. The challenges we face here are unique, but so are the solutions we’re building. I want the global tech community to see Africa as a partner in driving blockchain adoption and to collaborate with us in creating technologies that work for everyone, not just a select few.
What’s your vision for the future of blockchain payments in Africa?
I envision a future where blockchain payments are as common as mobile money. A future where businesses can seamlessly transact across borders and individuals can access financial services without barriers. This isn’t just about technology; it’s about creating opportunities and empowering people to take control of their financial futures.
You’ve contributed to major open-source projects in the industry also, Why is open-source important to you?
Abdulfatai: Open-source is about collaboration and community. By contributing to open-source projects, I’m able to share knowledge and tools that empower other developers to build innovative solutions. It’s also a way to give back to the tech ecosystem that has supported my growth.
What advice would you give to people looking to break into the tech industry?
Start with curiosity and a willingness to learn. The tech industry is constantly evolving, so you need to be adaptable and open to new ideas. Don’t be afraid to take risks or fail; every setback is an opportunity to learn and grow. And most importantly, focus on solving real problems. That’s where true innovation happens.
What’s next for you? Are there any exciting projects on the horizon?
I’m always exploring new ways to leverage blockchain technology for financial inclusion. While I can’t share too many details, I’m excited about the potential to build solutions that make cross-border payments and remittances even more seamless and affordable for businesses and individuals.
Finally, what drives you to keep pushing boundaries in the tech industry?
What drives me is the impact we can create. Every time I see a business use the product I have built to accept payments or a developer build something amazing with an open-source tool I contributed to, I’m reminded of why I do this. Technology has the power to transform lives, and I want to be part of that transformation.