Profitable Fincra believes Africa needs more cross-border startups
- Fincra processed over $10 billion in transactions since 2023.
- The company raised $120,000 from Techstars in 2022.
- Fincra plans to expand into the Francophone region and aims to operate in all 54 African countries.
Fincra's approach to prioritizing infrastructure development over consumer-facing products reflects a strategic understanding of the complexities in the African fintech landscape. Their focus on organic growth and collaboration could serve as a model for other startups in the region, especially as they navigate regulatory challenges and security concerns. However, the sustainability of their strategies in the face of rapid technological change and competition remains to be seen.
