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FinTech Initial Assessment Form (IAF)

Begin your journey into SEC’s incubation programs by completing a concise eligibility check—your first step toward Regulatory Incubation (RI) or Accelerated RI (ARIP)

Initial Assessment Form Explainer Page Featured Image

What Is the Initial Assessment Form?

The Initial Assessment Form is a streamlined online questionnaire designed to gauge your FinTech innovation’s fit for the SEC’s incubation tracks. Completing this form helps you determine whether to pursue:

  • Regulatory Incubation (RI): Test novel capital-market business models under a tailored regulatory sandbox.
  • Accelerated Regulatory Incubation Program (ARIP): Fast-track onboarding for Virtual Assets Service Providers (VASPs) and other Digital Financial Service Providers (DISPs).

Key Prerequisites

Before you begin, please ensure you have:

  1. Unique Company Number
    – If you’ve already paid, enter your number and press “Enter” to retrieve your draft.
    – First-time users will have one generated when you save your form.
  2. Payment of ₦50,000
    – Required to access the form.
    – Upon payment, you’ll receive your Unique Company Number.
  3. Corporate Documentation
    – CAC Certificate of Incorporation & Memorandum and Articles of Association
    – Tax Identification Number & Clearance Certificate
    – Evidence of NFIU registration (if applicable)
    – Any existing SEC registration or “no objection” letter from another regulator
  4. Innovation Overview
    – End-to-end schematic of your proposed process (with explanatory notes)
    – Brief narrative describing the novelty, risks, and mitigants
  5. Promoter & Contact Details
    – Minimum of three individuals, including at least one Promoter and one designated Contact Person

Form Sections at a Glance

  1. Incubation Type: Select between Regulatory Incubation (RI) Program or Accelerated RI (ARIP).
  2. Payments: Enter your Unique Company Number or make the ₦50,000 payment to proceed.
  3. Business Details: Provide RC Number, Company Name, Address, Website, Trading Name, and TIN.
  4. Proposed Innovation: Specify market sector(s), innovation type, development stage, competitors, benefits, risks, and mitigants; upload your schematic diagram.
  5. Promoters & Contact Persons: List key team members with names, roles, and contact information.
  6. Submission: Review your entries, attest to compliance with the Investments and Securities Act 2007 and SEC Rules, then submit.

Ready to Get Started?

Click below to launch the Initial Assessment Form and take your first step toward FinTech incubation with the SEC:

Access the Initial Assessment Form (IAF)
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