Africa fintech landscape.

Africa fintech landscape Dec 23, 2024 · South African Fintech: A Booming Landscape. AFRICA FINTECH OVERVIEW AFRICA PUBLIC MARKETS UPDATE – BUMPER FIRST QUARTER RESULTS BUILD ON 2023 MOMENTUM A number of our core positions have recently released their first quarter results. The Finnovating for Africa 2023: Reimagining the African financial services landscape report considers data compiled over eight and a half years on fintech startups active in 25 countries across Africa. With a payments market valued at $200 billion, the combination of consumer-led and business-led segments presents unparalleled opportunities for innovation and growth. See full list on mckinsey. The emergence of fintech in Cameroon is a testament to the country’s potential as a hub for financial innovation in Africa. After what was an incredibly encouraging set of 2023 numbers, these 1q24 numbers further build on that momentum. Fintech is the fastest-growing Start-up industry in Africa, raising over $1. Traditional banking systems are evolving rapidly to keep pace with technological advancements and changing consumer demands. It begins with a macro-level overview and then delves into specific aspects of the industry to offer a comprehensive picture of the fintech ecosystem in the area. sl, and founded Mikashboks, a digital social finance platform that Nov 14, 2023 · Visa’s commitment to fostering fintech growth in Africa is exemplified by the Visa Fintech Accelerator Program. C. A new report reveals a key trend: the integration of fintech into other verticals is on the rise across the continent. South African start-ups account for 20% of all new Fintech businesses in Southern Africa and 40% of the continent's total Fintech income. Jun 30, 2022 · Obviously, South Africa is the most populated Fintech market in the continent, as it houses 154 out of the 571 Fintech startups in Africa. After reading this you will understand the current state of the Rwandan fintech landscape, get an overview of the key stakeholders, and gain insight into the main challenges and identified opportunities in the Mar 23, 2023 · About Us. For example, discussions at these events have influenced policymakers' decisions on fintech regulations, making it more conducive for startups to operate. 3 billion to this global revenue pool, growing at an annual rate of 6% since 2017. Beyond traditional banking alternatives, digital wallets Apr 5, 2024 · The fintech landscape across African countries varies, with some, like South Africa, boasting sophisticated financial services, while others, like Nigeria, emerge as vibrant hubs of innovation. Venture Capital (VC) funding has been lighter due to the evolving regulatory landscapes. 546+02:00 W e d n e s d a y, 0 8 / 0 2 / 2 0 2 3 | 1 0: 0 6 G M T by Jan 4, 2025 · The African fintech landscape in 2024 was marked by both challenges and opportunities, underscoring the sector’s resilience and adaptability. This decline aligns with a global fintech funding downturn of 20% for a third consecutive year (S&P Global, 2025). This report is your invitation to join the movement, discover opportunities, and write the next chapter in the continent's financial story. All things excellent are as difficult as they are rare 34 3. Whether you are an investor, a founder, or a curious observer, this session will Jul 10, 2024 · As NALA sets its sights on transforming payments for the “next billion” users, this significant investment underscores the growing confidence in African-led fintech solutions and their potential to reshape the global financial landscape. Cameroon’s fintech landscape is home to several innovative companies. African fintech’s winning formula for long-term success 43 4. From the early success of mobile money services to the vast history of innovative digital financial solutions, Kenya continues to be at the forefront of financial technology. Despite this cooling climate, Africa's FinTech landscape is not without its bright spots. Africa has over 500 fintech firms, [14] with South Africa, Nigeria, Kenya and Tanzania having the largest number. FinTech, embedded finance, and EdTech are identified as key Feb 6, 2025 · Kenya, a global leader in mobile money, continues to shape the industry, facilitating digital transactions and boosting business operations. Although Africa is the world’s second-fastest growing economic region after Asia, it remains overlooked by venture capitalists (VCs). An overview of trends in the FinTech markets in Egypt and Sub-Saharan Africa, particularly Kenya, Nigeria, and South Africa; A detailed landscape of FinTech players in Africa and company profiles; Proprietary list of financing and M&A transactions in the space; Overview of selected active FinTech investors in Africa Oct 23, 2023 · South Africa, a powerhouse in the African fintech landscape, played a pivotal role, contributing $10. Jun 11, 2021 · Over the next weeks, we’re going to be exploring the state of the African Fintech landscape. South Africa tech startups account for 20% of all new fintech businesses in Southern Africa and 40% of Africa’s total fintech income. This industry has not only transformed traditional banking and finance but also opened new avenues for financial inclusion and economic growth. South Africa's fintech landscape is set to undergo significant change in 2024, owing to regulatory changes, technological advancements, and increased competition. Jan 8, 2024 · Big Data: Navigating the African FinTech Landscape. The Middle East and Africa region is a tapestry of diversity, encompassing a rich array of landscapes, cultures, and economies. 2 Fintech in Africa: The end of the beginning Contents 03 Executive summary 12 1. Mon, 20 May 2024 15:30:46 GMT. The customer experience landscape is constantly shifting, and so are the expectations of the digital consumer. For startups, the opportunities are abundant, from fostering financial inclusion and disrupting traditional banking to driving digital payments adoption and empowering small Related: Visa shortlists fintech startups for accelerator program Next cohort to pitch for investment Visa said that graduates of the second cohort of the program will have the opportunity to present their innovative capabilities during a "Demo Day" set to take place on December 2, 2024, in Cape Town, South Africa, to an audience of venture capitalists, angel investors, ecosystem enablers and Jun 17, 2024 · Programs such as the Visa Africa Fintech Accelerator and the 10×1000 Tech for Inclusion initiative further support fintech growth by providing resources, mentorship, and education, enabling Jun 17, 2024 · Programs such as the Visa Africa Fintech Accelerator and the 10×1000 Tech for Inclusion initiative further support fintech growth by providing resources, mentorship, and education, enabling May 20, 2024 · Africa’s fintech landscape surges . Oct 1, 2024 · Africa's financial technology (fintech) industry has seen unprecedented growth in recent years, with funding for African fintech companies reaching a record $3. As regulatory complexities, cross-border payment inefficiencies, and investment hurdles persist, one event stands out as the ultimate platform to address these pressing Aug 2, 2024 · The FinTech industry in South Africa has emerged as a dynamic and innovative sector within the broader financial services landscape. W hile the country's government has . The launch in 2007 of an e-Money wallet, M-Pesa, by Safaricom, and Mobipower by E-fulusi mobile Nov 7, 2024 · In the realm of innovation and digital finance, the discussion highlighted the transformative impact of fintech on financial inclusion and the evolving digital landscape of African banks. Jan 29, 2019 · South Africa is considered to have a large talent pool with a strong technical background in FinTech disciplines including data science, analytics and data engineering. You will hear from Dario Giuliani, the founder, and director of Briter Bridges, on the key players, sectors, and markets that are shaping the future of digital financial services in Africa. South Africa’s fintech sector is experiencing rapid growth, driven by a combination of factors including high mobile penetration, a young and tech-savvy population, and a supportive regulatory environment. Jul 31, 2021 · The Fintech Times’s Fintech: Middle East & Africa 2021 Report highlighted the importance of South Africa in the wider Middle East & Africa (MEA) landscape. Blockchain technology is becoming a cornerstone of Africa’s fintech growth. In this final installment, we will explore projections for the future of fintech policy and regulation in Africa is predicted to be the fastest growing FinTech market between 2023 and 2030, with revenues rising by 13x versus the global average of 6x (see exhibit 1). At the 8 th Africa Bank 4. By staying informed and adaptable, South African bankers can play a crucial role in shaping this future and driving economic growth in the country and beyond. Date: 24 April 2025. , USA. These countries dominate the sector, hosting 70% of all fintech companies and attracting 80% of Key opportunities and challenges for FinTech in Africa, including macroeconomic and regulatory trends, as well as an overview of the continent's key geographic markets and FinTech sectors; A detailed landscape of FinTech companies across sectors and geographies; Individual profiles of companies playing a significant role in the African FinTech Feb 27, 2025 · In this three-part blog series, we will be rounding up some of the notable policy, legal, and regulatory developments that have shaped Africa’s fintech landscape in 2024 and 2025 so far, while also connecting these to earlier developments. Nov 21, 2024 · On this episode of the Connecting Africa Podcast, we speak to Andy Jury, Group CEO of financial services platform Mukuru, about the fintech landscape in Africa, how Mukuru has navigated its evolution and expansion strategy over the past 20 years, and the opportunities that remain to bring true digital and financial inclusion to Africa. We explore the South African FinTech landscape, identifying key players, the various funding sources available and the challenges FinTech start-ups face. Also read: AI and Mar 28, 2025 · Once again, the African tech landscape has proved challenging. Launched in June 2023, this visionary program is designed to support up to 40 Dec 19, 2023 · South Africa’s fintech sector has the potential to enhance operational efficiency, cut down on operating expenses, enable smooth real-time customer transactions, and foster a high degree of Our program is uniquely tailored to the African fintech landscape, providing insights and case studies specific to the region. He created the country's first job board, Careers. These companies are driving financial innovation and inclusion in the country. 6%). From deepening integrations across industries to navigating funding slowdowns, African innovators showcased their ability to turn obstacles into growth opportunities. I invite you to join us as a pioneer of Africa’s financial future. Fintech innovations in the region have been transformative, addressing challenges and creating opportunities across various sectors. 17 “The Pan-African Nov 7, 2024 · In the realm of innovation and digital finance, the discussion highlighted the transformative impact of fintech on financial inclusion and the evolving digital landscape of African banks. This surge in activity presents significant opportunities for both investors and entrepreneurs. Mar 17, 2025 · In the first blog of this series, we highlighted fintech policy and regulatory developments in Africa by focusing on the AfCFTA Digital Trade Protocol and Rwanda’s National Fintech Strategy. Kenya emerged as the country with the third highest number of FinTech startups in Africa. Feb 18, 2025 · As fintech innovations continue to take ahold of Africa, several key trends are shaping the landscape in 2025, among which the rapid expansion of mobile money, the growing influence of virtual assets, and increasing attention to cybersecurity, a new report by Bowmans, a pan-African legal firm, says. Banks especially have also been adapting and embracing technology in the last few years, reflected in their customers’ usage of said technology. 4 billion private capital deals raised last year. vast number of Fintechs on the continent, in the Northern, Eastern, Southern and Western regions, is testament to that. Few regions have seen a larger change than the African fintech landscape over the past few years. Africa Fintech Live 2025. Mar 24, 2024 · Conclusion The rise of fintech in Africa and Sub-Saharan Africa represents a transformative shift in the financial landscape, offering immense potential for financial inclusion, economic growth Africa's fintech landscape is rapidly evolving, offering unprecedented opportunities for economic growth and financial inclusion. Jan 13, 2025 · Mobile money has continued to redefine Africa’s financial landscape, growing from a regional innovation to a cornerstone of economic activity. While the growth rates are significant, and revenues of $65 billion seem impressive, it is worth considering the relative significance of […] Feb 13, 2025 · The ecosystem, once buoyed by an influx of international capital, now faces a more selective and challenging investment landscape. Jan 5, 2025 · Blockchain: driving africa’s fintech revolution. For years the continent has been a testing ground for pioneering payment solutions that leapfrog traditional infrastructure. Don't be a bystander, as Africa's banking revolution unfolds. But significant investment and collaboration between African governments and the private sector is necessary to unlock the value created by these agreements and to achieve a truly frictionless cross-border payment system in Africa. A large portion of the population is mobile-first, and two-thirds of the population of Sub-Saharan Africa do not have a traditional bank account. Our members include startups, financial institutions, investors, and government agencies. 17 “The Pan-African May 27, 2022 · African Private Capital Activity report shows that fintech in Africa received 30 per cent of the $7. The BDO Africa Fintech landscape provides short bites of Fintech news related to these regions to better give you an overview of what is happening, providing you with some clarity on an evolving and growing industry. According to Partech’s 2024 Africa Tech Report , tech start-ups across the continent secured $3. Jan 23, 2025 · Below, we have highlighted 24 Agritech Startups disrupting the agricultural landscape in Africa in 2025. Location: Washington D. Reports reveal that the African Fintech market is projected to grow by at least 10% yearly to reach approximately $230 billion by 2025. Despite significant headwinds, the market remains one of the most dynamic and promising in the world, with notable optimism among fintech leaders and investors. Feb 20, 2025 · Kenya has long been recognised as a trailblazer in the African fintech landscape. The focus will be on small, start-up, agile and independent fintech businesses to understand drivers that support and challenge innovation in this sector. Dec 24, 2024 · South African Fintech: A Booming Landscape. Active African fintech startups, 2017 - 2023 2023 up 17. Date: 30 April 2025. McKinsey attributes this resilience to Jan 5, 2025 · Blockchain: driving africa’s fintech revolution. Jan 17, 2024 · Past fintech events have had a profound impact on the African fintech landscape. The sector experiences remarkable growth and profitability, supported by strong market demand and frequent political backing. AI Summary. As of August 2023, fintech ventures represented over 40% of all startups in Nigeria, the data show, and these startups had garnered 42% of the total funds secured by tech ventures in Jan 24, 2025 · The future of banking is digital, data-driven, and customer-centric. BDO Dec 10, 2024 · As South Africa’s fintech landscape continues to mature, 2025 promises to be a pivotal year for digital-wallet adoption and innovation. Held bi-annually, the summit brings African fintech to the global stage, fostering international partnerships and showcasing innovations from the continent. In the realms of African FinTech, 2024 is all about Big Data – the compass guiding businesses through uncharted territories. Through our analysis, we explore the South African FinTech landscape by understanding the key players, the various funding sources available to entrepreneurs and the challenges these entrepreneurs face in a Feb 2, 2025 · Despite a downward trend in global investment in African fintech since 2021, the industry’s landscape is evolving. Feb 13, 2025 · Africa's fintech landscape has undergone a remarkable transformation in recent years, characterised by rapid growth and innovation, according to a recent report from McKinsey, a multinational Jan 18, 2025 · Africa’s FinTech landscape is characterized by its reliance on mobile technology, digital platforms, and adaptive cultural practices. The report examines the business models that fintechs and investors need to create to scale up their activities. Location: Nairobi, Kenya. Aug 21, 2023 · African fintech startups are also more likely to be acquired than their peers. Africa’s fintech and Dec 2, 2023 · South Africa, another k ey player in the African FinTech landscape, has grappled with the . As a result, regulators need an understanding of the fintech landscape in South Africa in Mar 18, 2025 · LAGOS, Nigeria, 17th March 2025 /African Media Agency (AMA)/- Africa’s fintech landscape is evolving at an unprecedented pace, presenting both opportunities and challenges for startups looking to scale and redefine financial services. 30 Telecom giants like Safaricom and MTN are at the forefront of this Jul 31, 2023 · Discover the impact of Fintech in South Africa's financial landscape, from digital payments to robo-advisors, and explore the latest trends. FINASA is a non-profit organization that aims to create a vibrant and sustainable fintech ecosystem in South Africa. [FinTech and its impact on Banking (Sullivan, 2024) Click here]; [Fintech Mar 13, 2025 · Nigeria, Africa’s biggest economy, leads the continent’s fintech market, accounting for 28% of all African fintech companies, according to a 2024 report by the European Investment Bank. Feb 17, 2025 · The African fintech landscape is rapidly evolving, with an increasing number of startups disrupting traditional financial services. Apr 25, 2024 · The rise of fintech in South Africa represents a transformative shift in the financial services landscape, driven by innovation, technology, and changing consumer behavior. com Dec 5, 2024 · The African fintech map highlights four key hubs: Nigeria, South Africa, Kenya, and Egypt. 4 This expected We have curated a panel of eminent speakers from the forefront of the fintech sector, including top leading entrepreneurs and key policymakers. Discover the world's Mar 6, 2025 · South Africa’s Fintech Landscape. Join Briter Bridges, a data-driven research firm, for an informative session on the African fintech investment landscape. 2025. They will divulge their insights and articulate their strategic visions for ongoing innovation and sustainability within Africa’s fintech landscape. As a result, regulators need an understanding of the fintech landscape in South Africa in FinTech ECOSYSTEM South Africa has a flourishing FinTech industry underpinned by a sophisticated and supportive ecosystem. Big Data in African FinTech is a Jan 28, 2025 · In conclusion, Tanzania is not only showcasing its stunning landscapes but is also rapidly transforming into a formidable player in the fintech landscape. This article provides an in-depth look into Apr 25, 2025 · In recent years, Africa has emerged as one of the world’s most dynamic fintech frontiers. SA has a small but fast-growing fintech industry, presenting considerable benefits and risks. Jan 17, 2023 · The conditions in Africa have proved to be fertile ground for the rapid growth of the fintech sector. Feb 20, 2025 · The African regulatory landscape remains highly fragmented. Talent Competition : 38% of African developers now work for companies headquartered outside Africa , while 80% of fintech executives report difficulties in hiring skilled tech professionals. Dec 23, 2024 · The global fintech sector has seen significant advancements in 2024, but the story in Africa stands out as one of resilience, innovation, and immense potential. In just a few short years, the adage “every company will become a fintech” has proven remarkably accurate, particularly in Africa’s rapidly evolving market landscape. The country was ranked as an emerging fintech hub (tier-2) in the middle category. It’s no longer just about collecting data; it’s about intelligently deciphering it to make smarter, customer-focused decisions. Let there be digital: Building Africa’s fintech future 45 About the authors May 23, 2023 · The Fintech Times has launched its third annual report into the fintech landscape in the Middle East and Africa (MEA) region. Seed-stage funding (for early business development) has shrunk for the second consecutive year (down 7% according to Partech Africa, after a 33% Currently, the FinTech revolution in Africa is primarily fueled by the continent’s three main hubs of South Africa, Kenya and Nigeria. 6 billion (b) in 2023. Feb 14, 2025 · The venture capital landscape in Africa is stabilizing, with significant capital raised in 2024 and an optimistic outlook for 2025. Feb 17, 2025 · The payments landscape in Africa is undergoing extensive and rapid transformation, driven by local ingenuity, global trends, and a relentless push for long-overdue financial inclusion. As in India, fintech platforms offer a variety of services under one platform. Africa’s fintech startup ecosystem continues on its growth trajectory. In the past few years, governments including Kenya, Nigeria, Benin and Ethiopia have taken on digital IDs to drive inclusion and penetration while enhancing Jan 14, 2025 · 2024 had a mixed bag for the African Fintech & Investment landscape – as expected and outlined in our prediction for 2024, the year has showed a $2. The booming fintech environment has not gone unnoticed by local regulators. 5 billion in 2021. While Africa's FinTech sector faces macro-economic headwinds, its longterm potential remains bright. With over 1,500 delegates from across the continent, the summit is projected to generate approximately $1. Oct 4, 2023 · In a new report, “Unlocking the FinTech potential in Africa,” Boston Consulting Group, in association with Elevandi, explores the benefits that fintech has brought to Africa. 7% 2021 up 17. Jan 31, 2025 · Africa Fintech Summit Washington D. Fueled by a surge for more financial inclusion and innovation, this sector has been rapidly transforming how Africans manage their money and access essential services, from artificial intelligence (AI) powered solutions that personalize banking and detect fraud, to embedded finance that puts Africa’s financial landscape is changing fast, with new technology and innovative financial solutions transforming how the continent’s people bank, spend, and save. In this section we discuss: The SA FinTech landscape; The FinTech ecosystem players; Funding stages and definitions “I see myself working with the FinTechs, not against Mar 28, 2025 · A report by McKinsey highlights that Africa’s fintech landscape has undergone a remarkable transformation in recent years, characterized by rapid growth and innovation. Nonetheless, it is clear that African fintech is in its prime, driving forward financial inclu-sion and powering the commercial revolution occurring on the continent. This is hardly surprising given the longstanding potential in Africa, along with a combination of innovative startups and established financial institutions. Oct 17, 2023 · In recent years, South Africa has witnessed a significant transformation in its banking and financial technology (FinTech) landscape. 0 Bank Summit, Dr Segun Aina, Chair of Africa Fintech Network outlined the following dominant trends shaping the continent’s fintech landscape. While Africa's fintech landscape of the landscape and the dynamics shaping the banking sector on the continent. Joining CNBC Africa for this discussion is Antonia Bothner, Capital Markets Lead, South Africa, Endeveavor. South Africa has the most sophisticated financial sector in Africa. Personalisation remains king. Feb 2, 2024 · Experts are saying that South Africa’s fintech landscape is set to undergo major developments in 2024 as a result of regulatory changes, technological advancements, and increased competition. Regulatory tailwinds across Africa are driving fintech growth by enhancing customer protections, improving financial access, and promoting cross-border trade. Jan 18, 2022 · Africa has witnessed a dynamic and rapidly evolving fintech landscape, driven by factors such as increasing mobile penetration, a young population, and a growing demand for financial inclusion. Jan 17, 2024 · Fintech events and conferences hold a unique place in the African fintech landscape. African Fintech Landscape – Upcoming Key Events and Conferences in 2023 2023-02-08T12:06:44. The Visa Africa Fintech Accelerator program – is a three-month intensive program that supports Seed to Series A start-ups by offering 1:1 mentorship, training, and exclusive opportunities for fintech sector in Rwanda. In today’s piece, we’re going to look at the different fintech sectors and companies that best illustrate its growing importance to African economies with a particular emphasis on innovation and uniqueness to the African context. This sparks the question, what does 2018 have in store for the African FinTech landscape, and what will the most disruptive trends be? 1. 3% 2019 up 63. Africa’s fintech journey resembles a symphony, with diverse players working in harmony to drive progress and innovation. Check them out! Agritech and fintech landscape segmentation, Source: Agritech and Fintech Providers in East and Southern Africa: A Landscape Assessment, International Fund for Agricultural Development. Key Players in Cameroon’s Fintech Landscape. 2B funding, that is some 25% YOY decline as per the report by Africa: The big Deal, at the backdrop of 46% YOY decline in 2023, when the ‘great VC freeze’ arrived to Africa after the highest Aug 16, 2023 · The Fintech Landscape in Africa. Mobile money, a crucial component of this digital revolution, has played a pivotal role in driving financial inclusion, especially in regions with limited banking infrastructure. Let there be digital: Building Africa’s fintech future 45 About the authors SA FinTech Ecosystem. Discover the world's Jan 29, 2019 · South Africa is considered to have a large talent pool with a strong technical background in FinTech disciplines including data science, analytics and data engineering. Mar 8, 2024 · Insights on Capacities and Challenges in Securing Digital Financial Inclusion. It also offers a vibrant community of peers to enhance your learning journey. From Lagos to Nairobi, and Cape Town to Cairo, startups are transforming the continent’s financial landscape with innovative digital solutions tailored to local needs. McKinsey attributes this resilience to In the dynamic landscape of African financial technology (fintech), invention is the name of the game. 29 Sub-Saharan Africa is home to almost three-quarters of the world’s mobile money accounts. South Africa’s fintech sector is experiencing rapid growth, driven by a combination of factors including a large unbanked population, increasing smartphone penetration, and supportive government regulations. In this second installment, we turn our attention to some fintech regulatory developments in Kenya, Tanzania, and South Africa. 3 billion to date. The African fintech sector experienced a significant shift in 2024, with total funding dropping 45% year-on-year (y-o-y) to $857 million (m), down from $1. The current fintech landscape paints a paradoxical picture. challenge of public financial performance mana gement. South African Landscape South Africa, recognised for its sophisticated financial sector, stands out as a key player in the Southern African Fintech market. Apr 18, 2025 · The FinTech landscape is being altered by the news this week of the Global Payments and FIS dealmaking. The need for change. Uniting East Africa's Fintech Landscape The Fintech Festival Tanzania is a leading Financial Technology event in East Africa, it is the largest gathering of Financial Technology professionals, investors, and innovators in East Africa providing a platform for the Fintech community to connect, collaborate and co-create. The following insights on the capacities and challenges identified during the CyberFI project’s country case studies are categorized by four main stakeholder groups: governments, firms and businesses, consumers, and donors and the digital development support community. Fintech buying banks Mar 22, 2024 · Growing at an annual growth rate of 32%, the Africa FinTech market is set to achieve annual revenues of $65 billion dollars by 2030 based on assessments by Boston Consulting Group and QED Investors. By utilizing innovative technologies, fintech companies are bridging gaps, connecting people to essential financial services, and driving sustainable development across the continent. Webber Wentzel's fintech experts have outlined the key trends to expect in areas such as generative AI and machine learning, payments, crypto and blockchain, open banking and open The African Fintech landscape witnessed 26 publicly announced acquisitions over the last two (2) years according to Tekedia, a whopping 270% growth between the 2019-2021 period. 3 million for the Ghanaian economy through We have a clear purpose of driving positive change through tech disruption by building a sustainable pan-African FinTech ecosystem. South Africa’s payment sector is expected to skyrocket to $22 billion by 2032, reflecting the nation’s robust growth trajectory. May 14, 2024 · The Fintech Times has launched its fourth annual report into the fintech landscape in the Middle East and Africa (MEA) region. Apr 4, 2025 · In the first two blogs of this series, we highlighted key policy and regulatory developments shaping Africa’s fintech landscape, including the AfCFTA Digital Trade Protocol, Rwanda’s National Fintech Strategy, and regulatory developments in Kenya, Tanzania, and South Africa. Jan 17, 2025 · Over the past five years, Africa’s fintech landscape has experienced significant transformation, marked by rapid growth, increased investment, growth explosion and evolving challenges. • Kenya’s crypto regulation In what is Jan 17, 2024 · Few regions have seen a larger change than the African fintech landscape over the past few years. This placed Kenya as the third-largest FinTech market on the continent, behind Nigeria with 217 startups (32% share) and South Africa with 140 startups (20. Governments and regulators are adapting to this growth, implementing policies that foster innovation while ensuring financial stability. Disrupt Africa tracked 26 fintech startup acquisitions between June 2021 and July 2023, compared to just seven between 2019 and 2021, and accounting for over 60 per cent of the 43 such deals reported since 2011. Salton Massally is a key figure in Sierra Leone’s fintech industry. The primary financial industry policy-makers have taken a coordinated approach to fintech regulation by creating the Intergovernmental Fintech Working Group (IFWG), a consortium of the country’s financial regulators. Dec 10, 2024 · Africa’s fintech landscape has undergone a remarkable transformation in recent years, characterized by rapid growth and innovation. Empowering professionals and businesses with the knowledge infrastructure in fintech operations, product development, engineering, regulations, business, and strategy to drive innovation, foster financial inclusion, and unlock the boundless potential of Africa's fintech ecosystem. SSA FinTech landscape has experienced significant growth Oct 20, 2023 · In addition to fintech funding, the report takes a deep look at the startup landscape, noting that fintech has emerged into the most developed and largest segment. 2023 still witnessed significant deals, with established players like Halan, an Egyptian lending platform, securing US$250 million. It is intended for interested individuals and businesses that want to explore the fintech sector in Rwanda. With a 32 per cent annual growth rate, the sector is set to reach $65 billion by 2030. 1% 2017 678 576 491 301 Jan 28, 2025 · In Summary. Building on the resounding success of the Premier Africa Fintech Forum in Kenya in September 2024 and the 2nd Africa Fintech Forum, which concluded in February 2025 with official support from the regulator Financial Sector Conduct Authority (FSCA), we have created a new benchmark in the African continent for insightful discussions, impactful Mar 27, 2025 · As Africa’s fintech landscape continues to evolve rapidly driven by a dynamic ecosystem and a focus on bridging the financial inclusion gap, investment from large, global institutions can only support the growth of the African fintech landscape. Our mission is to facilitate world-class fintech expertise across Africa. Covering 8 sub-sectors, the report analyses startups by country and vertical as well as launches, funding and acquisitions. 3 billion in 2021 alone and $16. Dec 27, 2023 · In light of this, what can we expect from fintech in MEA in 2024? MEA following global Financial Technology (FinTech) trends Despite the explosion of fintech growth across the world, the current global economic challenges have hindered FinTech’s development. While global blockchain fundraising dropped by 64% in 2023, Africa showed resilience with a modest 9% decline in the first half of 2024, according to a report by CV VC and Absa. If you’d like that said with a little less corporate jargon: our purpose is to improve the quality of life in Africa by bringing together Mauritian, Pan-African and global corporates, start-ups, investors, academia, regulators, and all other stakeholders to The Mauritius Africa FinTech Hub is a fast-growing ecosystem where entrepreneurs, corporations, governments, tech experts, investors, financial service providers, universities and research institutions can collaborate to build cutting-edge solutions for the emerging African market. 8 Mar 16, 2025 · Africa’s fintech landscape is evolving at an unprecedented pace, presenting both opportunities and challenges for startups looking to scale and redefine financial services. Distribution of digital financial services in Africa by country and by product, Source: Finance in Africa 2024, European Investment Bank, Nov 2024 2 Fintech in Africa: The end of the beginning Contents 03 Executive summary 12 1. Sep 7, 2022 · The Pan-African Payment and Settlement System (PAPSS)—which is being developed by the African Continental Free Trade Area to ease payments constraints across Africa’s complex network of more than 50 countries and about 40 different currencies—is a potentially transformative development for cross-border payments. The hype around personalisation will prevail in the year 2018. Feb 15, 2025 · Regulatory Complexity: Africa’s fintech landscape is fragmented, with varying policies across different countries, creating compliance challenges. . The amount of fintech companies in South Africa continues to grow and currently sits at over 140. 2 billion in gross funding in 2024 – a 7% drop year-on-year. Feb 17, 2025 · The Africa Fintech landscape is becoming increasingly attractive to global investors seeking opportunities in emerging markets. In 2023, the mobile money market reached $674. Apr 22, 2025 · As of 2023, Kenya had 102 fintech companies, accounting for 15% of Africa’s fintech startups, according to Disrupt Africa’s Finnovating for Africa 2023 report. A recent webinar hosted by The Kenyan Wall Street, in collaboration with Kora, Onafriq, and Conduit, explored the future of fintech in Africa, discussing key opportunities and challenges facing the sector. Tens of billions of dollars are attached to the transactions, focused on merchant services 2 days ago · Ghana is poised to significantly boost its economy by hosting the 14th Africa Fintech Summit (AFTS), scheduled for October 8th to 10, 2025, in Accra. They have played a role in shaping regulatory frameworks, attracting investments, and fostering innovation. Sep 15, 2022 · Regulatory developments. Laying down the path 23 2. Africa can justifiably claim to be the cradle of one of the most emblematic FinTech products. Dec 19, 2024 · Africa is the world’s fastest-growing fintech market, driven by South Africa, Nigeria, Egypt, and Kenya. Jul 4, 2022 · The following is an Ethiopia Market Map from the Africa Fintech State of the Industry 2020 Report SOURCE African Fintech State of the Industry 2020. Next on the list is Nigeria—it has a total of 144 Fintech ventures in Africa. While this number can be considered few, this figure is from publicly made acquisitions and also shows significant growth of the African landscape. kwzo widcer qwnn xuq wqnrj hkou ddsqrxwt jbhn zdoay dtkgoq