McKinsey & Company, HeraldLIVE, Punch Newspapers, Daily Maverick, Connecting Africa|1 minute read
The Fintech Frenzy: Why Africa is the New Frontier for Financial Innovation
TL;DR
Fintech innovation in Africa is booming, as startups tackle local challenges with tailored solutions. Recent insights from industry leaders reveal:
- Investors are moving away from a growth-at-all-costs mentality.
- Africa is seen as the final frontier for fintech growth, with significant mobile money adoption.
- Visa's Demo Day showcased startups addressing unique African problems.
- Industry leaders stress the need for balance between growth and consumer protection amid tightening regulations.
Here's the full scoop.