An Investigation of the Role of Strategic Partnerships in Business Growth: A Case Study of Fintech Startups in Niger State
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style:
- Recommended for :
- NGN 5000
Background of the Study
Strategic partnerships play a vital role in the growth and sustainability of businesses, especially for startups in competitive and dynamic industries. Fintech startups, in particular, operate in a sector characterized by rapid technological advancements, complex regulations, and the need for strong customer trust (Adeoye & Oloyede, 2024).
In Niger State, fintech startups are emerging as key players in transforming the financial services sector by offering innovative solutions like mobile banking, digital payments, and financial inclusion for underserved populations. Strategic partnerships with financial institutions, technology providers, and government agencies are critical for these startups to scale their operations, access funding, and navigate regulatory challenges (Ogunyemi & Hassan, 2023).
This study investigates how strategic partnerships contribute to the business growth of fintech startups in Niger State, offering insights into the key factors that foster successful collaborations.
Statement of the Problem
Fintech startups in Niger State face several challenges, including limited access to capital, regulatory hurdles, and competition from established financial institutions. While strategic partnerships can provide essential resources and capabilities, many startups struggle to identify the right partners or navigate partnership complexities (Zubair & Bello, 2025).
Although the role of strategic partnerships in business growth has been widely acknowledged, there is a lack of research focusing on fintech startups in Niger State. This study seeks to address this gap by exploring the impact of strategic partnerships on the growth trajectories of these firms.
Objectives of the Study
- To examine the role of strategic partnerships in the growth of fintech startups in Niger State.
- To identify the types of strategic partnerships fintech startups engage in.
- To assess the challenges fintech startups face in forming and maintaining strategic partnerships.
Research Questions
- How do strategic partnerships contribute to the growth of fintech startups in Niger State?
- What types of strategic partnerships do fintech startups in Niger State form?
- What challenges do fintech startups encounter in forming and maintaining strategic partnerships?
Research Hypotheses
- Strategic partnerships significantly contribute to the growth of fintech startups.
- The formation of partnerships with financial institutions positively impacts the performance of fintech startups.
- Challenges in partnership management negatively affect the growth of fintech startups.
Scope and Limitations of the Study
The study focuses on fintech startups in Niger State, from 2023 to 2025, examining the role of strategic partnerships in their growth. It excludes other sectors and regions. Limitations include the potential reluctance of startups to share sensitive partnership data and varying levels of partnership maturity.
Definitions of Terms
- Strategic Partnerships: Long-term alliances between two or more organizations aimed at achieving mutual benefits.
- Fintech Startups: Technology-driven companies that offer innovative financial services, such as mobile payments, lending, and digital wallets.
- Business Growth: The process of increasing a company's revenue, market share, and operational scale.
Related Project Materials
PRINCIPAL'S DECISION MAKING STRATEGIES AND SECONDARY SCHOOL TEACHERS EFFECTIVENESS IN UMUAHIA SOUTH L.G.A OF ABIA STATE
1.1 Background of the Study
Decision-making is a critical process in every organizational setting, involving the selecti...
Public Relations and the Promotion of Traditional Medicine: A Study of Barkin Ladi LGA, Plateau State
Background of the Study
Traditional medicine has long been a cornerstone of healthcare systems, particularly in rural commu...
THE INFLUENCE OF ORPHANAGE HOMES ON A CHILD’S DEVELOPMENT AND PERSONALITY IN ABUJA
Background Of Study
Children are a country's most important resource and its future generation. The...
The Impact of Political Leadership on Grassroots Development: A Case Study of Zaria Local Government Area, Kaduna State
Chapter One: Introduction
1.1 Background of the Study...
Effectiveness of Public Relations Strategies in Political Campaigns: A Study of Gwagwalada LGA, FCT Abuja
Chapter One: Introduction
1.1 Background of the Study
Political campaigns are pivotal moments in...
PROTECTION OF THE RIGHTS OF INDIVIDUALS IN ARMED CONFLICT SITUATION
ABSTRACT
The fundamental target of both Islamic law of war and international Humanitarian law is to protect the Rights...
The impact of open access resources on research productivity among postgraduate students in Ahmadu Bello University, Zaria, Kaduna State
Background of the Study:
Open access resources have emerged as a pivotal component in supporting academic research, signifi...
The effect of student-teacher collaboration on academic motivation in secondary schools in Jega LGA, Kebbi State
Background of the Study
Student-teacher collaboration represents a dynamic and interactive approach to learning that emphas...
An Evaluation of the Effectiveness of Audit Training Programs in Nigeria: A Study of Audit Firms in Lagos State
Background of the Study
Audit training programs are essential for developing the technical and professional skills of audit...
An investigation of debit fee structure revisions on improving transparency in banking: a case study of United Bank for Africa
Background of the Study
Transparency in fee structures is a critical determinant of customer trust in the banking sector. U...
