Key Fintech Entrants in Africa
IFC has been a key investor in Africa’s fintech space, having invested in many of the most prominent fintech startups the continent has produced thus far.
In addition to its work with startups, IFC is also supporting the development of the fintech ecosystem in Africa through its partnerships with financial institutions and regulators.
IFC is working with banks and other financial institutions to develop digital banking solutions that can reach underserved populations in Africa.
Related Report
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.
