American Fintech Eyes Cameroon Market for Digital Lending Expansion
TLDR
- Azamra Finance Technologies, a U.S.-based digital financial services firm, is seeking to enter the Cameroonian market to expand lending access
- The company aims to provide flexible financing solutions in a country where access to credit remains limited due to strict banking requirements
- Azamra integrates blockchain technology to enable secure transactions and reduce costs
Azamra Finance Technologies, a U.S.-based digital financial services firm, is seeking to enter the Cameroonian market to expand lending access for micro, small, and medium-sized enterprises (MSMEs) and informal sector workers. The company aims to provide flexible financing solutions in a country where access to credit remains limited due to strict banking requirements.
A delegation from Azamra, accompanied by U.S. Ambassador to Cameroon Christopher J. Lamora, met with Cameroon’s Minister of Economy on March 12, 2025, to explore partnerships with the government, local banks, and the Bank of Central African States (BEAC), which regulates financial services in the region.
Azamra integrates blockchain technology to enable secure transactions and reduce costs. It also supports stablecoins, pegged to traditional currencies, to facilitate cross-border payments. The company believes its approach can improve transparency and efficiency in Cameroon’s financial ecosystem.
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Key Takeaways
Cameroon’s financial sector remains underdeveloped, with nearly 60% of adults in the CEMAC region unbanked, according to BEAC. Many MSMEs struggle to secure loans due to high collateral requirements and distrust in traditional banks. Fintech firms are increasingly filling the credit gap by offering alternative lending models. Azamra’s entry aligns with broader efforts to digitize financial services in Africa, where mobile money and blockchain solutions are gaining traction. The challenge will be adoption, as cash remains the dominant transaction method in Cameroon.
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