Tuesday, March 19, 2024 UTC

Recognized by industry leaders for extensive coverage on African Asset Management

Analysis > Analysis and Strategy

African Fintech sector: Growing up with Covid

Edmund Higenbottam, Managing Director, Verdant Capital
Jan. 21, 2021, 4:47 p.m.
908

Word count: 1281

The “narrative” around Financial Technology (fintech) in Africa is changing. Five years ago, discussion around fintech focused on the ecosystems; supporting start-ups in Cape Town, Nairobi and Lagos and elsewhere; the tech incubators; the number of fintechs (perhaps 500 by one count), and the number of African fintechs admitted to the prestigious Y-Combinator (or Y-C). Key players were a range of early-stage investors focusing on Seed rounds or Series A, including 12-J funds in South Africa, and a dozen or so VC-funds across the continent supported by development banks and some private, capital.

Choose ONE Magazine and TWO Articles for FREE when you register an account
Share:
Registration Login
Sign in with social account
or
Lost your Password?
Registration Login
Sign in with social account
or
Registration Login
Registration