63 companies shaping Africa’s FinTech ecosystem

Africa is the largest unserved market that has dropped out of sight of the global financial system. Some estimates suggest that there are ~330 million adult Africans, who lack access to formal financial services, which signifies tremendous opportunities for fintech companies that are ready to embrace them. There are segments in the financial services industry that are particularly advanced in terms of adoption scale and of attractiveness to entrants. Remittance via mobile has picked up a rapid pace in Africa, with Kenyans using mobile money services for over eight years already; M-Pesa being Kenya’s dominant mobile money provider, the segment allows people to make P2P payments by simply texting. Read more: letstalkpayments.com