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By Lucidity Insights Research Team • June 23, 2023
These 3 Countries Rule Africa's Startup Scene
Out of the 54 countries in Africa, these three key markets account for nearly half of the continent's GDP. And on top of that, they are also leading the way when it comes to tech startup innovations.
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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
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With over one-third of all scaleups in Africa being fintech companies, Africa is emerging as a promising frontier in fintech. Discover the African fintech opportunity in this video.
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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.
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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
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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.
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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.
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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
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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.
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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
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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.
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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?
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