From the advent of M-Pesa until the present day, African fintech has been about building accessibility to basic financial services, but now the rails are increasingly in place, there is room for serious innovation in all numbers of areas. Not only are African fintech startups more likely to raise funding than their peers, they are also more likely to be acquired, or accepted into accelerator programmes. The high levels of activity – and investment – in the African fintech sector come as no surprise. Drill down into other, more developed forms of financial services, and the figures are even worse. And so there’s been a huge push over the last 10 years to fill that gap through interesting fintech solutions,” she said.
