Africa’s newest fintech unicorns are winning by keeping their feet on the ground
- TymeBank and Moniepoint raise funds at valuations over $1 billion.
- Both companies aim to simplify banking for unbanked individuals and businesses.
- TymeBank offers low-cost bank accounts and savings products, expanding into business banking.
The success of TymeBank and Moniepoint illustrates the importance of adapting fintech solutions to local contexts, particularly in regions with significant informal economies. Their hybrid model could serve as a valuable framework for other industries in Africa, suggesting a broader trend towards integrating digital and physical services to enhance customer engagement and trust.
