The Future of Fintech in Africa
18% of the world’s population lives in Africa, and 57% of Africans are ‘unbanked’, living without a bank account or a digital wallet to their Name. The opportunity is massive, which is why fintech is the most dominant and most funded tech sector in Africa, today.
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The future of fintech may well be in Africa.
Nigeria, South Africa and Egypt are home to 62% of all fintech scaleups in Africa. Read on to know what the top stakeholders have to say about Africa's fintech startup scene.
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Mastercard’s Role in Fostering Fintech in Africa
We spoke with Mark Elliott, Mastercard's Division President for Sub-Saharan Africa, about the region's fintech scene and Mastercard's support for African fintech startups.
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QIA Leads $105M Investment in Marketing Platform Insider
Global marketing platform Insider has announced an investment of up to $105 million from existing investors, Qatar Investment Authority (QIA) — and Esas Private Equity.
Palestinian Startup Vatrin Secures Investment from Ibtikar Fund for MENA Expansion
Ibtikar Fund has announced its investment in Vatrin, a platform leveraging WhatsApp to power commerce for SMEs. This investment will enable Vatrin to expand across the MENA region.
24 May 2023
EDGE acquires majority stake in MARS Robotics
Founded in 2013 by Mohammad Amin Al-Jarrah, MARS Robotics offers UAS engineering solutions and services for military and civil applications.
23 May 2023
EU Hits Meta with Record €1.2 Billion Fine Over US Data Transfers
The Irish Data Protection Commission found that Meta breached GDPR by transferring EU users' data to the US. The platform now faces a record-breaking €1.2B ($1.3B) fine and the potential loss of millions of European users.
23 May 2023
Mastercard’s Role in Fostering Fintech in Africa
IFC on Fostering Financial Inclusion via Fintech Investments in Africa
NowNow Reimagining Fintech in Africa
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RAED Ventures' Advice for Entrepreneurs and Founders
STV on Creating the Next Digital Giants of the Middle East
Hala Ventures on Supporting Global-Minded Saudi Startups
KAUST Innovation Ventures on Closing the Gap in Deep-Tech Startup Investments
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