The Future of Fintech in Africa (Series)

Launching our first podcast series, featuring insights from Lucidity Insights' most downloaded Special Report of 2023: ‘The Future of Fintech in Africa’. Join our host, Erika Welch, as she highlights the transformative potential of fintech to uplift millions of Africans from poverty. Despite immense challenges, such as over half of the continent's population being unbanked, the fintech sector in Africa is brimming with opportunities.

Over the last decade, we've seen amazing potential for scalability across Africa. For instance, half of all registered and active mobile money accounts in the world are in Africa, with roughly 600 million registered accounts and over 160 million active ones. This scalability is transforming financial inclusion, as noted by Mark Elliott, Division President of sub-Saharan Africa for MasterCard. Kareem Aziz, the Global Head of Digital Payments Investments at the IFC, also shares insights on the headwinds faced by African startups today. We explore the innovative solutions African startups are developing to address these challenges, from mobile banking to blockchain technology, and how these innovations are making waves on the global fintech stage.

We also address why many African unicorns, like Jumia and Andela, have set up headquarters outside of the continent to attract financing, reflecting both the challenges and successes of the fintech landscape in Africa.