The Fintech Journey to Empower Africa's Underserved

By Sahir Berry, 10 June 2023

Financial Inclusion, as defined by the World Bank, means that ALL individuals and businesses have affordable access to financial products and services in order to build better futures. Financial inclusion has also been identified as an enabler for 7 of the 17 UN Sustainable Development Goals to reduce extreme poverty and boost shared prosperity. Despite fintech and mobile banking making significant strides to close the financial inclusion gap in the past decade, there is still great work to be done – especially in my home continent of Africa.

I am just one of 1.4 billion people that call Africa home. It’s easy to forget sometimes that a population equivalent to that of China inhabits the Mother Continent. However, 57

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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.