SPENN Technology is preparing an entry into the largest country and market in Africa: Nigeria. SPENN has entered into an agreement with the intention to establish a company that will offer SPENN products and services in Nigeria. SPENN operations in Nigeria will be set up as a joint venture with Nigerian partners.

SPENN Technology will have 70% ownership of SPENN Nigeria. When the joint venture is established, it will search for an appropriate bank partner and apply for approval from the Central Bank of Nigeria and other relevant Nigerian authorities.