From M-Pesa onwards, African fintech is solving for accessibility, but innovating on top of the rails
- Disrupt Africa recently partnered with AZA Finance, Revio, EMURGO Middle East & Africa, and MoneyHash to release a two-part podcast series on Africa's fintech sector.
- The fintech sector in Africa has seen significant growth, with 678 active fintech ventures and $3.6 billion raised by 540 fintech startups.
- Financial exclusion is a major issue in Africa, with over 350 million adults in Sub-Saharan Africa living without a bank account.
The growth of fintech in Africa is a positive development that addresses the fundamental issues of financial exclusion on the continent. The focus on inclusion and infrastructure has led to innovative solutions that bridge the gap in accessing financial services. However, there is still a need to improve access to credit for businesses to further boost economic growth.
