%2Fuploads%2Ffintech-africa%2Finfobytes%2F16.jpg&w=3840&q=75)
Growth Rate of Financial-Services Market Revenue by Product in Africa
Financial Services revenues in Africa are expected to grow by 10% per year until 2025, with payments and wallets being the fastest growing products.
This means that more African markets are joining in the Fintech Ecosystem and raising capital.
Related Report
%2Fuploads%2Ffintech-africa%2Fcover.jpg&w=3840&q=75)
The Future of Fintech in Africa
Eighteen percent of the world’s population lives in Africa, and 57% of Africans are ‘unbanked’, without a bank account or a digital wallet. This presents a massive opportunity, making fintech the most dominant and funded tech sector in Africa today. This special report highlights how African fintechs not only have one of the largest total addressable markets globally but are also crucial for achieving financial inclusion and empowering unbanked populations. The potential impact of a successful fintech in Africa is unparalleled. To learn more about the drivers, barriers, and opportunities in African fintech, as well as progress toward financial inclusion, read the special report.
Related Videos & Podcasts
Are African Startups the Next Growth Engines of the World? - with Mika & Hisham at P1 Ventures | The Perfect Pitch Podcast Ep10
By Staff Writer • November 28, 2024Opportunities in Africa’s Startup Ecosystem
By Staff Writer • March 06, 2024Stories of Tech Unicorns in Africa
By Staff Writer • March 05, 2024How African Demographics Bring Opportunity & Challenges
By Staff Writer • March 04, 2024Could Africa become the Next Global Fintech Hub?
By Lucidity Insights Research Team • August 30, 2023How is the Usage Gap Affecting Fintechs in Africa?
By Lucidity Insights Research Team • August 29, 2023The Top 10 Most Funded Startups in Nigeria in 2022
By Lucidity Insights Research Team • August 24, 2023The Impact of Fintech for Financial Inclusion in Africa
By Lucidity Insights Research Team • August 16, 2023Who are the unicorns in African Fintech?
By Lucidity Insights Research Team • August 09, 2023What’s driving fintech success in Africa
By Lucidity Insights Research Team • August 08, 2023
%2Fuploads%2Fpodcast%2Fperfect-pitch%2F10a.jpg&w=3840&q=75)
%2Fuploads%2Ffintech-africa%2Fpodcast%2Fep3_lcdt.jpg&w=3840&q=75)
%2Fuploads%2Ffintech-africa%2Fpodcast%2Fep2_lcdt.jpg&w=3840&q=75)
%2Fuploads%2Ffintech-africa%2Fpodcast%2Fep1_lcdt.jpg&w=3840&q=75)
%2Fuploads%2Ffintech-africa%2Fvideos%2Ftrailer.jpg&w=3840&q=75)
%2Fuploads%2Ffintech-africa%2Fvideos%2Fvid12_FintAfrica.jpg&w=3840&q=75)
%2Fuploads%2Ffintech-africa%2Fvideos%2Fvid11_FintAfrica.jpg&w=3840&q=75)
%2Fuploads%2Ffintech-africa%2Fvideos%2Fvid09_FintAfrica.jpg&w=3840&q=75)
%2Fuploads%2Ffintech-africa%2Fvideos%2Fvid07_FintAfrica.jpg&w=3840&q=75)
%2Fuploads%2Ffintech-africa%2Fvideos%2Fvid08_FintAfrica.jpg&w=3840&q=75)
Did you check these out?
Jem HR Gets $3.3M Boost to Expand Employee Benefits & HR Solutions
By Staff Writer • March 26, 2025Sub-Saharan Africa’s Startup Funding: 2025 Trends So Far
By Staff Writer • March 25, 2025VFD Group Invests $3.3 Million in V Bank to Drive Fintech Expansion
By Staff Writer • February 24, 2025Raenest Secures $11M to Scale Global Payment Services for Africans
By Staff Writer • February 14, 2025Ghana’s Affinity Africa Raises $8M Seed Round to Expand Fintech Services
By Staff Writer • February 13, 2025WafR Secures $1.5M in Seed Funding to Expand Fintech Access in Morocco
By Staff Writer • February 09, 2025SA-Based Verdant Capital Backs UsPlus with $2M to Expand SME Financing
By Staff Writer • February 08, 2025Stanbic IBTC to Inject USD 2.48 Million into Zest Payments for Fintech Growth
By Staff Writer • February 03, 2025Cauridor Secures $3.5 Million to Expand African Cross-Border Payment Network
By Staff Writer • January 31, 2025African Nations 2024 Real GDP in Current Prices (U$ Bil)
By Staff Writer • January 29, 2025
%2Fuploads%2Fpr%2520articles%2F2025%2F03%2F26_4jem.jpg&w=3840&q=75)
%2Fuploads%2Fnewsletter%2F2025%2F0327_1.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2025%2F02%2F24_2vfd.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2025%2F02%2F14_2raenest.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2025%2F02%2F13_2affinityafrica.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2025%2F02%2F09_1wafr.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2025%2F02%2F08_1verdantcapital.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2025%2F02%2F03_2stanbic-zest.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2025%2F01%2F31_4cauridor.jpg&w=3840&q=75)
%2Fuploads%2Fnewsletter%2F2025%2F0130_1.jpg&w=3840&q=75)
Related Contents
News
XTransfer, Ecobank to Boost Cross-Border Payments for African SMEs
By Staff Writer • February 10, 2025Infobytes
Middle East Edtech Market Size (2025-2031 Forecast)
By Lucidity Insights Research Team • October 22, 2024Infobytes
Gender Gap & Number of Founders in African Startup Funding (H1 2024)
By Lucidity Insights Research Team • September 19, 2024Infobytes
African Fintech Funding & Funding Deals in H1 2024, by Country
By Lucidity Insights Research Team • August 28, 2024Infobytes
Africa Fintech Funding Breakdown by Type and Sector (H1 2024)
By Lucidity Insights Research Team • July 30, 2024Infobytes
Decentralized Identity Market Size, by Region, 2018-2030 (USD Million)
By Lucidity Insights Research Team • July 15, 2024Infobytes
Top 10 Most Funded Startups in Africa (2023)
By Lucidity Insights Research Team • July 02, 2024Infobytes
GCC Insurance Market Growth and Contribution
By Lucidity Insights Research Team • June 02, 2024Infobytes
MENA Markets: Grocery Delivery Market & Average Annual Revenue per User
By Lucidity Insights Research Team • May 20, 2024Infobytes
Meal Delivery Market Across Key MENA Markets & Average Annual Revenue per User
By Lucidity Insights Research Team • May 20, 2024
%2Fuploads%2Fpr%2520articles%2F2025%2F02%2F10_4xtransfer-ecobank.jpg&w=3840&q=75)
%2Fuploads%2Fnewsletter%2F2024%2F1022_3.jpg&w=3840&q=75)
%2Fuploads%2Fnewsletter%2F2024%2F0918_3.jpg&w=3840&q=75)
%2Fuploads%2Fnewsletter%2F2024%2F0828_3.jpg&w=3840&q=75)
%2Fuploads%2Fnewsletter%2F2024%2F0729_2.jpg&w=3840&q=75)
%2Fuploads%2Finnovations-blockchain%2Finfobytes%2F03.jpg&w=3840&q=75)
%2Fuploads%2Farticles%2F2024%2F0702_10-african-startups%2F01b.jpg&w=3840&q=75)
%2Fuploads%2Fnewsletter%2F2024%2F0604_2.jpg&w=3840&q=75)
%2Fuploads%2Fsaudi-food-delivery%2Finfobytes%2F07.jpg&w=3840&q=75)
%2Fuploads%2Fsaudi-food-delivery%2Finfobytes%2F05.jpg&w=3840&q=75)
