Africa is a land of opportunities for many FinTechs; it has a large population that needs to be catered to, the masses quickly adopt new solutions that make lives easier, and financial exclusion drives entrepreneurs to create innovations that cater to the large untapped market. Against this backdrop, MEDICI has recently launched a new 47-page comprehensive study titled ‘Africa FinTech Report 2020.’ This article shares some snippets from the report.
FinTech Funding Trend in Africa
The country has over 473 active FinTechs. During the analysis period for this report (Jan. 2018–Nov. 2020), the sector received more than $821 million in investments. As per MEDICI’s analysis of the ma …