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What’s driving fintech success in Africa

August 08, 2023

What’s driving fintech success in Africa

Explore the driving forces propelling the remarkable success of fintech in Africa. 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

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.

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