Register for Free or Login to Continue Watching Videos
By Lucidity Insights Research Team • August 30, 2023
Though African fintech startups only account for 2% of global fintech funding today, there are a number of drivers pointing towards Africa becoming the next great frontier of fintech. One tell-tale sign is that one-third (>34%) of all scaleups in Africa are fintechs. Watch this video to explore the opportunity of fintech in Africa.
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.
Other Videos
While various driving forces push Africa's fintech forward, barriers and systemic challenges still hinder mass adoption and financial inclusion. What are those challenges? Find out in our video.
What are the most funded tech startups in Nigeria? In the one of the leading tech ecosystem in Africa, these local innovative startups are gaining attention and funds
How did mobile money grow in Africa, and how did fintech drive this change? Learn about fintech's impact on Africa's underbanked through this video.
Amidst the global fintech landscape with over 300 unicorns, Africa shines with its own set of 6. Care to discover who they are? This video holds the answers you seek.
Discover how countries like Nigeria, South Africa, Egypt, and Kenya collectively raised over $3.03 billion in the past five years, reshaping the financial landscape of the continent
How many tech startups are there in Africa, and how many of them are fintechs? Find out which African countries have the most fintech scaleups on the continent.
Who are the key investors in Africa’s fintech ecosystem? Learn all about the state and the future of Africa's Financial Inclusion Journey in this video
Africa’s fintech industry holds immense potential as the next frontier. Learn about how Africa's fintech venture funding is faring against the rest of the world.
Which eleven key countries contribute the highest GDP in Africa, and what are the associated data and challenges pertaining to technology adoption in these markets?
As Africa emerges as the future frontier of fintech innovations, it's important to address the challenges that startups face on their path to success. Watch this video to learn more.
Related 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, 2024Did you check these out?
Stitch Secures $55M to Expand End-to-End Payments Across Africa
By Staff Writer • April 11, 2025Umba, Kenya's Digital Bank, Raises $5M to Expand SME and Loan Growth
By Staff Writer • April 10, 20255 Most Funded Startups in Sub-Saharan Africa in February 2025
By Staff Writer • March 27, 2025Jem 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, 20255 Most Funded Startups in Sub-Saharan Africa in January 2025
By Staff Writer • February 10, 2025WafR Secures $1.5M in Seed Funding to Expand Fintech Access in Morocco
By Staff Writer • February 09, 2025Related Contents
Articles
Building the Future: Drivers to Fintech and Its Adoption in the Middle East
By Staff Writer • March 07, 2025Infobytes
Fintech Adoption Beyond Borders: Middle East vs World
By Staff Writer • March 06, 2025Infobytes
Where the World’s Next Fintech Giants Are Emerging: Top Countries in the World Producing Fintech Startups
By Staff Writer • March 05, 2025Infobytes
Africa Tech VC: Funding Stage Breakdown Overview from 2019 to 2024
By Staff Writer • February 19, 2025Articles
New Report Highlights the Middle East as a New Global Fintech Contender
By Staff Writer • February 04, 2025News
Africa's Tech Ecosystem: Innovation Thrives Amid Funding Challenges
By Press Release • September 11, 2024News
Fido's $10 Million Funding to Drive Financial Inclusion and Close the SME Finance Gap in Africa
By Staff Writer • August 28, 2024Infobytes
Africa Fintech Funding Breakdown by Type and Sector (H1 2024)
By Lucidity Insights Research Team • July 30, 2024