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Your Regulated-Product Plan

The capstone project for Building a Fintech in Nigeria: Licences, Partners, Compliance & Unit Economics — a free Business course. Pass it and you earn a certificate anyone can verify.

Start the course free Download the project workbook

The project unlocks once you complete the lessons. The workbook is free to download now so you can see exactly what is expected.

What you will submit

One shared link (Google Drive folder, Notion page or PDF set to 'anyone with the link') containing the product and money map, the licence-or-partner route with sources, the compliance map table, the unit-economics spreadsheet, the dated 90-day MVP sequence, and the graveyard test.

What to do, step by step

  1. Part 1 — Product and money map (300-500 words plus a diagram): describe one fintech product you would build. Draw every point where it touches money: who pays in, where the money sits, who moves it, who pays out, and what your company touches directly. Classify it (payments, wallet, lending, savings/investment, crypto, insurance, infrastructure) and name the primary regulator and any secondary ones.
  2. Part 2 — Licence-or-partner route: state whether you will licence or partner at launch and why. If licensing, name the exact CBN or SEC category, its minimum capital and escrow, the holding-company or ring-fencing implication, and a realistic timeline. If partnering, name at least two candidate licensed partners (bank, MMO, PSSP, fund manager, insurer or CBN-licensed lender), what each contract must cover, and what you will still be liable for yourself. Cite the source and date of every figure.
  3. Part 3 — Compliance map (a table): the KYC tier you need and what you will collect; the BVN/NIN verification method; your AML monitoring and reporting plan; NDPA obligations (NDPC registration category, DPO, DPIA, breach process); the APP-fraud and chargeback process with the timelines from the rules; and the customer-support and complaint channel. For each row, name who owns it in your team.
  4. Part 4 — Unit-economics sheet (spreadsheet, shared): a per-transaction P&L for one representative transaction showing every fee in and every cost out (rail fees, stamp duty, gateway or partner fee, KYC lookup cost, fraud reserve, support, VAT on fees), and a monthly P&L at 10,000 active users with your assumptions stated. Show the break-even number of users or transactions and the one assumption the whole model depends on.
  5. Part 5 — 90-day legal MVP: the smallest version that can go live without breaking a rule, listed as a dated sequence (CAC, partner agreement, NDPC registration, product build, pilot, sandbox or licence application). State the three features you deliberately left out and the rule or cost that made you leave them out.
  6. Part 6 — Graveyard test (300-500 words): using the failure patterns from Lesson 11, name the three most likely ways your product dies, and for each, one thing in the plan that reduces that risk. Put everything in one shared document or folder and submit the link.

Files to work with

Project workbook (fill in, then submit)The whole brief, an evidence checklist, the grading rubric as a self-check and the link-sharing steps in one file. Opens in Word, Google Docs or WPS.Word · 7 KB

How it is graded

CriterionWeight
The money map is complete and honest: every point where money is touched is drawn, the product is correctly classified, and the primary and secondary regulators are correctly identified15%
The licence-or-partner route is realistic and sourced: the correct licence category with current capital, escrow and structure rules, or named candidate partners with a clear statement of what the partnership does and does not cover, every figure dated and sourced20%
The compliance map covers KYC tier and verification, AML monitoring and reporting, NDPA obligations, APP-fraud and chargeback handling with the rule timelines, and complaints — each with a named owner20%
The unit-economics sheet is arithmetically sound, includes every fee and cost the course lists (rails, stamp duty, gateway or partner fee, KYC lookups, fraud reserve, support, VAT), reaches a stated break-even, and names the assumption the model depends on25%
The 90-day MVP is legally launchable in the stated sequence, and the graveyard test names three specific failure modes tied to the course's patterns with a credible mitigation for each20%

You need 65% overall to pass. A failed submission comes back with feedback and can be revised and resubmitted.

Before you submit: make your link public

If your work lives in Google Drive or Google Docs, open Share → General access and change “Restricted” to “Anyone with the link” (Viewer). Then paste the link into a private browser window: if it opens without sign-in, you are ready. A private link cannot be graded — it is the single most common reason a good project fails.

Frequently asked questions

Do I have to finish Building a Fintech in Nigeria: Licences, Partners, Compliance & Unit Economics before submitting the project?

Yes. The submission screen opens once every lesson in Building a Fintech in Nigeria: Licences, Partners, Compliance & Unit Economics is marked complete. The lessons are where the methods, the Nigerian context and the worked examples the project depends on are taught.

How is the project graded?

An examiner scores each rubric criterion from 0 to 100 and weights them as shown on this page; you need 65% overall to pass. Most submissions are graded within minutes and you get written feedback on what was strong and what to improve.

Can I resubmit if I fail?

Yes. A failed project comes back with feedback; revise the weak parts and resubmit. A passed project is final — the certificate is issued and cannot be re-rolled.

What do I actually submit?

A write-up of what you did (under 5,000 characters) plus a public link to your work — a Google Drive folder, Google Doc, spreadsheet, GitHub repository or video. The link must open without sign-in; a private link cannot be graded. The free project workbook on this page walks you through all 6 steps.

Is the certificate real?

Yes. Passing this project issues a certificate with a unique verification code. Anyone — an employer, a client, a school — can open the verification page and see that the certificate is genuine and which project earned it.

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Building a Fintech in Nigeria: Licences, Partners, Compliance & Unit Economics is free and self-paced. Finish the lessons, complete this project, and the certificate is yours to share.

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