The number of Fintech ventures in Africa has increased to 678 in 2023, compared to 576, recorded in 2021.
This represents an increase of 17.7 per cent.
This is, according to the latest edition of Disrupt Africa’s Finnovating for Africa publication, released every two years since June 2017, which tracks the extraordinary development of the fintech ecosystem across Africa over the last few years.
The fourth edition of the report is released in partnership with AZA Finance, an African fintech company offering secure and efficient financial infrastructure for payments, foreign exchange, and settlement; and Curacel, an insurance infrastructure company that helps insurers and partners in Africa and other emerging markets increase the reach and functionality of insurance through cloud-based tools and APIs.
Findings of the report showed that fintech is still comfortably the most-populated vertical within Africa’s wider tech ecosystem, having maintained its steady growth…
Source: Leadership Newspaper