A new generation of business is reshaping the financial services industry in Africa. Whether it be Airtel Money’s plans for a $4 Billion IPO or Nigeria’s Moniepoint achieving unicorn status, fintech businesses are gaining significant momentum across the region, driven by rapid technological advancement and shifting consumer and business expectations.
In fact, in 2024 there were 1,250 active companies compared to 450 four years prior1, while African fintech startups raised over $1 billion2.