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.
Kuda, the Target Global-backed challenger bank, tripled revenue to $22 million in 2022
Kuda's revenue grew by 190% in 2022, reaching $22 million. The neobank doubled its user base from 2.4 million to 4.9 million.
Fintech: The digital key to spotting new markets
M-Pesa's transactions accounted for 87% of Kenya's GDP, lifting 2% of households above the poverty line. Fintech platforms like M-Pesa enable people to pay bills, transfer money, and purchase goods using their mobile phones, driving financial inclusion and economic growth.
