LAGOS – Fets Ltd, Nigeria’s leading mobile money platform, has announced its sponsorship of Lagos Fashion Week (LFW).  This will be the third consecutive year that the fast-growing fintech company is supporting LFW, one of the biggest fashion events in Africa.

Speaking on the decision to support LFW, fets CEO Omotade Odunowo said: “At fets we understand the significant benefits mobile money brings to Nigeria’s creative industries, and to the fashion business in particular. Fets is committed to fostering entrepreneurship and innovation, and we are delighted to see mobile payments already fuelling creative sector growth.”

The Lagos Fashion Week is now in its 7th year. It will be held form the 24th to the 27th of October. As every year, it will host catwalk shows, networking events and a rich social programme. The event features a food court and retail arena, which for the first time will be entirely cashless, with all payments being made through fetswallet.

Mrs Odunowo commented: “Fets has established a reputation for innovation. For instance, our multilingual app is the first of its kind in Nigeria. And in addition to our support for LFW, we have also this year partnered with LFW to award the Fashion Focus Fund. In March the Fund awarded a bursary to a very talented young designer Emmy Kasbit. We were delighted to see that in August, during her visit to Nigeria, the British Prime Minister Theresa May wore one of Emmy Kasbit’s jackets. It just goes to show that we have an amazing pool of creative talent in Nigeria – and that mobile money really makes a positive difference.