Tanzania Fintech Association (TAFINA)

🇹🇿 𝗧𝗮𝗻𝘇𝗮𝗻𝗶𝗮𝗻 𝗦𝘁𝗮𝗿𝘁𝘂𝗽𝘀 𝗧𝗼𝗽 𝟭𝟬 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗥𝗼𝘂𝗻𝗱𝘀 𝘀𝗶𝗻𝗰𝗲 𝟮𝟬𝟭𝟵 💰 🚀 Tanzanian startups raised a 𝘁𝗼𝘁𝗮𝗹 𝗼𝗳 $𝟯𝟭𝟭𝗺 𝘀𝗶𝗻𝗰𝗲 𝟮𝟬𝟭𝟵 🇹🇿 Tanzanian startups 𝗿𝗮𝗶𝘀𝗲𝗱 $𝟱𝟮𝗺 𝗶𝗻 𝟮𝟬𝟮𝟰 (8 months) 🇹🇿 Tanzanian startups raised $𝟮𝟱𝗺 𝗼𝗻𝗹𝘆 𝗶𝗻 𝟮𝟬𝟮𝟯 💰 𝟮𝟬 𝗿𝗼𝘂𝗻𝗱𝘀 so far in 2024 🌍 𝟯.𝟯% 𝗼𝗻𝗹𝘆 𝗼𝗳 𝘁𝗼𝘁𝗮𝗹 𝗳𝘂𝗻𝗱𝗶𝗻𝗴 raised in Africa in 2024 so far 🇰🇪 Compared to 𝟮𝟳% 𝗳𝗼𝗿 𝗞𝗲𝗻𝘆𝗮 😱  🏦 $2m raised in debt (3.5%) 🍃 $6.5m raised in grants (6.5%) 🦄 $𝟰𝟲.𝟲𝗺 𝗿𝗮𝗶𝘀𝗲𝗱 𝗶𝗻 𝗲𝗾𝘂𝗶𝘁𝘆 (90%) 🥇 Biggest round ZOLA Electric $90m Venture Round 🥈 NALA $40m Series A Round 🥉 Ramani.io $32m Series A Round 🙏 Thanks Africa: The Big Deal for the data 😊 Sorry for my last post with the wrong picture! #Tanzania #Startups #TechInAfrica #VentureCapital #Funding #Entrepreneurs #Founders Tech in Africa

📌 Quick facts about the Fintech Mastery Program, brought to you in collaboration with the Association of Fintechs in Kenya and Moringa School : This program is tailored for non-tech professionals eager to explore fintech, as well as tech professionals looking for specialized insights. No prior knowledge required! Key Details: 📎 Duration: 6 weeks (Nov 4th – Dec 13th). 📎 Schedule: 3 evening sessions/week (Mon, Tues, Thurs). 📎 Format: Online, with interactive, practical workshops led by industry leaders. 📎 Topics: Fintech industry applications, technology in fintech (AI, data science, blockchain), regulatory compliance, and the investor landscape. 📎 Certification: Weekly assignments contribute to your final certification. 📎 Global Access: Open to participants worldwide, featuring African industry leaders and global best practices in regulatory and investment sessions. 📎 Cost: KES 80,000 (20% discount available, with installment options). This program is perfect for professionals, students, and teams in finance/fintech looking to upskill. Corporates are also encouraged to take advantage of this valuable opportunity to enhance their teams’ skills. Feel free to ask any questions in the comments or via DM. To register👇 https://lnkd.in/dSdjxaiM #Fintech #FintechMasteryProgram

We had an incredible two days at the 6th FITSPA Annual Fintech Conference 2024 in Uganda, and I couldn’t be more energized by the conversations and insights shared! The theme, "Collaboration for growth: leveraging partnerships and collaboration to drive innovation and growth in Uganda’s fintech sector", was perfectly captured throughout the event, which brought together key players in the fintech industry, including policymakers, business leaders, investors, and entrepreneurs, to tackle the most pressing issues and opportunities in Uganda’s fintech space. From thought-provoking panel discussions to valuable networking opportunities, the conference provided an in-depth look into how innovation and collaboration are reshaping the financial landscape across the region. I was particularly impressed by the focus on fostering partnerships that drive sustainable growth, and the actionable strategies shared for addressing the unique challenges facing the sector. A huge congratulations to our partners at FITSPA Uganda for orchestrating such a dynamic and impactful forum. The conference not only showcased the incredible talent and innovation emerging from Uganda but also provided a collaborative space for stakeholders to engage, learn, and work toward a future where fintech is at the forefront of driving financial inclusion and economic empowerment. I’m looking forward to building on the insights and connections made during this event and excited for the potential partnerships and initiatives that will emerge from this vibrant ecosystem. Josephine Olok Zianah Muddu Africa Fintech Network #FISTPAConf2024 #FAFC2024

#FITSPAUpdate The excitement is building!! Ahead of the much anticipated #FITSPAConf2024, we are delighted to welcome Ms. Juliet Kiluwa from our amazing partner, Tanzania Fintech Association (TAFINA), to a benchmarking session on building a community and organizing an event such as the FITSPA Annual Fintech Conference! Sharing ideas and expertise is at the heart of what we do and our partnership with TAFINA is rooted in a shared passion for #fintech innovation and collaboration. By swapping stories, strategies, and expertise, we're strengthening our collective impact.

|Reflections on the East Africa Investment Forum 2024 | I had the honor of participating as a panelist at the East Africa Investment Forum, held on September 12-13 in Dar es Salaam, Tanzania, organized by the Tanzania Fintech Association (TAFINA) The event brought together industry leaders to explore the theme "Invest & Partner: Leave No One Behind." During our panel, we tackled some pressing issues facing the fintech sector: 🔍 Challenges and Opportunities in Fintech Registration: Fintechs in East Africa often face complex regulatory environments. However, these challenges also present opportunities to innovate and adapt, setting the stage for sustainable growth. Governments need to regulate before innovation. 💡 Regulatory Innovation for Emerging Technologies: I explored how frameworks should evolve to accommodate cryptocurrencies, decentralized finance, and digital assets. Success stories from fintechs like Nala, Nomba, and Flutterwave highlight how strategic adaptation across jurisdictions can drive success, despite the inherent challenges. Interestingly, Africa's fintech landscape is rapidly evolving, with a projected growth rate of over 10% annually. Collaboration and partnerships are key to navigating this dynamic environment. By sharing resources and knowledge, fintechs can tackle regulatory challenges more effectively. What Will Work for Fintechs in Africa? 1. Understand Local Regulations: Familiarize yourself with country-specific laws governing financial services. 2. Licensing Requirements: Obtain necessary licenses for operations, such as payment service or banking licenses. 3. Engagement with Regulators: Engage early on with regulators. 4. KYC and AML Compliance: Implement robust Know Your Customer and Anti-Money Laundering practices. 5. Data Protection: Comply with data protection laws to ensure user data is secure and handled transparently. 6. Consumer Protection: Understand and adhere to consumer rights to build trust and prevent disputes. 7. Cross-Border Regulations: Be aware of legal implications for cross-border transactions. 8. Stay Agile: Adapt quickly to regulatory changes and new laws. 9. Utilize Sandboxes: Engage with regulatory sandboxes to test products in a controlled environment like the BOT Sandbox. 10. Consult Legal Experts: Work with legal advisors specialized in fintech to navigate complexities. I extend my gratitude to fellow panelists Edline E. Murungi from Yellow Card Financial, January Bura from the Bank of Tanzania (BOT), Thomas Alex Nguluma from Rex Attorneys, and Kennedy Osore from @Tala for their invaluable insights and contributions. Special thanks to the organiser Tanzania Fintech Association (TAFINA) The road ahead for #Tanzanian and #African #fintech is promising. With continued innovation and collaboration, we can overcome challenges and unlock Tanzania’s immense potential. Rive & Co. #Fintech #Innovation #Regulation #EastAfrica #EAIF2024 #FinancialInclusion

🌍 The Embassy of the Kingdom of the Netherlands was proud to participate in the East Africa Investment Forum 2024, organized by the Tanzania FinTech Association (TAFINA) last week. We’ve been honored to support TAFINA in its mission, including the successful launch of this vibrant association. We were thrilled to attend two dynamic and productive days filled with insightful discussions, innovative ideas, and countless opportunities to connect with key players in the fintech ecosystem. It was particularly inspiring to witness the startups take center stage, presenting their groundbreaking solutions in front of eager investors. The theme, "Invest & Partner: Leave No One Behind," captured the collaborative and inclusive spirit of the event. The forum brought together a distinguished and diverse group of stakeholders, including investors, venture capitalists, regulators, development partners, and industry leaders from across the region. Together, we are shaping the future of East Africa’s investment landscape, ensuring sustainable and inclusive growth for all. Looking forward to continuing our partnership in fostering innovation, growth, and collaboration in the fintech space of Tanzania! 💼🤝 #EastAfricaInvestmentForum2024 #Fintech #InvestInInnovation #TAFINA #Partnerships #SustainableGrowth Tanzania Fintech Association (TAFINA)

Our own Team Captain, John Haule attended the East Africa Investment Forum 2024, hosted by Tanzania Fintech Association (TAFINA) where he was a panelist discussing the impact of fintech on supporting the growth of African SMEs. At Swahilies we are committed to driving the growth of African SMEs by developing digital financial tools that help them manage their businesses and leverage data visibility to unlock financing and other financial services.

📌Our Tigo Pesa Chief officer Angelica Pesha attended the East African Investment Forum 2024, organized by the Tanzania FinTech Association (TAFINA). 💬 Angelica Pesha stated that “At Tigo Pesa, we believe in collaboration to solve customer pain points and drive innovation. None of us can solve customer challenges alone, but together, we can go further. This is why we’ve partnered with small, medium, and large FinTechs, as well as corporates, to serve our customers better."

Yerstaday I had a privilege to participate as a panelist at East Africa investment forum organised by the Tanzania Fintech Association (TAFINA) discussing cross border remittances and payments. I shared my experience and expertise on how mobile money services like M-Pesa has disrupted cross border payments,providing both convenience and affordability. Today with M-Pesa you can send and receive money instantly to all telcos wallet’s and all banks within the East Africa and SADC region. This was made possible through innovation , partnership with both local and global aggregators and supportive regulatory environment by our regulator (BOT).Our services have helped to spur trade and more social integration within the region. Thank you to the organizers and fellow panelists for an engaging and insightful discussion. #Fintech #FinancialInclusion #Innovation#partnership #Remittances #Pamojatunaweza. Vodacom Tanzania Plc Brigita Stephen Salome Sangija Cynthia Ponera

A Proud Moment for East African Fintech Collaboration! We are thrilled to have had such incredible representation from the East African Fintech Associations at the East Africa Investment Forum 2024! A special thank you to 🇨🇩 Dimci Langa from DRC Fintech Association 🇺🇬 Zianah Muddu from FITSPA Uganda and the associations from 🇰🇪 Kenya Fintech Association Of Kenya and Association of Fintechs in Kenya Your presence not only graced our event but also showcased the strength of collaboration across the region. This forum marks the beginning of many fruitful partnerships as we work towards strengthening the Fintech ecosystem across the region. Together, we are building a more inclusive and innovative East Africa. Amani M’Bale, MBA, MIA, DIA candidate