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Is fintech booming in Africa?

October 1, 2022 Despite political and economic challenges and a global pandemic, one industry in Africa is booming: fintech.

Is African FinTech a hotbed for investment?

African fintech is emerging as a hotbed for investment, with average deal sizes growing and the proportion of fintech funding in Africa increasing over the past year, bringing jobs and growth to African economies. And the story is only just beginning.

Where is the growth opportunity for fintech in Africa?

Overall, we anticipate that the growth opportunity in fintech is likely to be concentrated in 11 key markets: Cameroon, Côte d’Ivoire, Egypt, Ghana, Kenya, Morocco, Nigeria, Senegal, South Africa, Tanzania, and Uganda, which together account for 70 percent of Africa’s GDP and half of its population.

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