On 10 July 2017, FintechNGR was formally incorporated by the Corporate Affairs Commission and the pioneering governing council was established.
[7] The organization is governed by a board of trustees and an executive council headed by president,[1] vice president and general secretary and supported by a chief operating officer (COO) who oversees the secretariat of the organization.
[6] Though a self-regulatory organization, it works with financial and national data regulators including the Central Bank of Nigeria, Securities and Exchange Commission, National Insurance Commission, Nigeria Deposit Insurance Corporation, Nigerian Financial Intelligence Unit, Nigeria Inter-Bank Settlement System, Nigerian Communications Commission and National Data Protection Bureau.
In 2021, FintechNGR reported increased adoption of financial technology in Nigeria stating that 63 per cent of the 1.37 billion dollars capital funding raised in Nigeria in the fiscal year went to fintech industry compared to 25 per cent recorded in 2020.
In December 2023, FintechNGR launched a framework to combat rising cases of fraud in the electronic payment system in Nigeria.