African Fintech Startups Could Generate $30Bn By 2025

1 min Read October 22, 2023 at 11:07 PM UTC

Africa’s fintech industry is thriving, driven by several trends including rising venture capital investments and increasing smartphone adoption on the continent. Fintech penetration in some African countries exceeds global markets and players generated revenues of around $4-6 billion in 2020, a figure that could potentially hit $30 billion by 2025.

Revenues in the financial services sector at large could grow at about 10% per annum to $230 billion by 2025. A McKinsey report examines how fintech players are carving out a share of this expanding market and what the future could look like for these innovators.

Click here to access the summary now.

Chipper Cash

dabafinance

Fawry

Financial Services

Fintech

Flutterwave

invest in africa

Kuda bank

McKinsey

Mobile Money

Opay

venture capital

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