FT Partners Proprietary FinTech Research:
FinTech in Africa: Momentum is Building and the World is Taking Notice
Executive Summary:
Momentum is building around FinTech in Africa as business models are proving to be investable, large financing rounds are taking place, unicorns are emerging, prominent global investors and strategics are taking notice, and exits are beginning to happen. As global best practices take hold in Africa, key risks of investing in the region are declining. And, perhaps taking notes from earlier entrants, the quality of first-time and repeat founders has improved, with many entrepreneurs on their second or third venture. Consequently, Africa is no longer a region that investors can ignore.
Africa has all the ingredients needed to develop a robust FinTech ecosystem including a massive, young, unbanked and underbanked, tech-savvy population, traditionally heavy cash usage, rapid shift from informal to formal sectors, increasing mobile penetration, and a generally favorable regulatory environment along with governments pushing for greater financial inclusion and digitization. While Africa is still an emerging market and economic and political risks remain, the region offers one of the greatest long-term secular growth opportunities for FinTech globally.
Key discussion topics of the report include:
- Key opportunities and challenges for FinTech in Africa, including macroeconomic and regulatory trends, as well as an overview of the continent's key geographic markets and FinTech sectors
- A detailed landscape of FinTech companies across sectors and geographies
- Individual profiles of companies playing a significant role in the African FinTech universe
- Highlights of active investors in the space and recent financing and M&A transactions
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