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Venture investments in fintech have slowed amid the downturn, but African startups in the sector could be on track for another record year. Outsize valuations and choppy market conditions have caused investors to become more cautious when backing fintech startups. Several countries, including the US, have seen a significant drop in deal activity. But Africa’s burgeoning fintech market is bucking the trend. So far this year, the sector has seen $1.3 billion invested across 151 deals, according to PitchBook data. By comparison, $1.6 billion was invested across 190 deals in 2021. #fintech #africa #funding https://lnkd.in/dNY8VcqM

Allan Ananura The resilience and innovation demonstrated by these startups are commendable. The sustained growth in funding, with $1.3 billion invested across 151 deals, highlights the robustness of Africa's fintech market and also emphasizes the continued confidence investors have in the region's potential. The fact that Africa is on track for another record year in fintech investments is a testament to the exciting opportunities and untapped potential in the continent. It's encouraging to witness the positive momentum and the positive impact that these startups are making in the financial technology space. Kudos to you and your team for staying committed to this sector and contributing to its success. Here's to more groundbreaking achievements and collaborations in the African fintech ecosystem! #FintechSuccess #AfricanInnovation

Brazil's fintech scene is booming, drawing lessons and possibilities for Southeast Asia's investors and startups. 🚀 **Rapid Growth in Brazil** - Brazil is experiencing significant fintech growth with substantial investments, mirroring Southeast Asia's market dynamics. 🌎 **Regulatory Innovation** - Brazil's innovative regulatory framework, especially the launch of digital payment systems, sets a compelling precedent for regulatory environments elsewhere. 🌐 **Cross-regional Opportunities** - Venture capitalists and startups see potential for collaborations between Brazil and Southeast Asia, despite geographic distances, enhancing global fintech innovation. - Want to keep up with the ins and outs of the #tech ecosystem in Asia? Sign up for free at techin.asia/newsletters

10 African Startups Dominate 75% of Fintech Equity Africa Funding in 2023: In 2023, 75% of all equity funding secured by African fintech startups went to ten companies. These firms, which span categories including digital banking and payments, raised a cumulated US$673 The post 10 African Startups Dominate 75% of Fintech Equity Africa Funding in 2023 appeared first on Fintech Africa. #Fintech #Africa

While innovation and agility are their strong suits, the complexities of the financial industry, regulatory hurdles, and the need for robust infrastructure can slow them down. This is where partnerships come into play. Strategic collaborations can significantly accelerate the growth trajectory of FinTech startups, offering them the resources, expertise, and credibility they need to thrive. This article delves into the various types of partnerships that FinTech startups can leverage, with a special focus on the African context. https://zurl.co/vxlU #fintech #partnerships #africa

scale a Fintech 📲Card-Issuing Platform, Raises $700,000 to Expand in Africa 🌍 South African fintech startup, scale which focuses on card-issuing enablement for fintechs, has raised a 💰US$700,000 pre-seed funding round to drive its expansion into Kenya, Ivory Coast, and Zambia. Key Takeouts from their Growth 📈💰📊 Journey: - Expert-Led Innovation: Founded by Miranda Perumal in 2023, Scale has built an impressive tech stack that accelerates the go-to-market and revenue strategies of fintech companies by simplifying card issuance and onboarding.    - Strategic Funding: The pre-seed round is led by prominent early-stage investors like 54 Collective (formerly Founders Factory Africa) and First Circle Capital, with additional backing from Sunny Side Venture Partners and industry expert angels. - Market Expansion: Scale is set to enter Kenya, Ivory Coast, and Zambia with its robust infrastructure, having already secured banking and network partners, solidifying its position as a key enabler of card issuance and payment solutions across Africa. Read more about Scale’s journey and future plans here (https://lnkd.in/dtygYftf).

🌱 Insights on Sustainable Finance from Jacqui Bloom 🌱 "Sustainable finance is crucial for driving global change. Our Sustainable Fintech Fund is financing the next generation of global startup founders, and also contributes significantly to the UN's SDGs." - Jacqui Bloom, Growth & Investment Director. Join us in making a difference. Learn more: https://lnkd.in/eATKPqVJ FinTech Startup Network FinTech Australia Startupbootcamp Fintech Jacqui Bloom #SustainableInvesting #Fintech #SDGs #ImpactInvestment"

This is a very interesting concept, "B54, a #Lagos-based #business-lending #fintech, is giving #startups struggling to raise growth-stage #venturecapital an alternative". "The #B2B fintech aggregates idle #cash from financial institutions and wealthy #Africans and lends it to fast-growing businesses in #WestAfrica that need working capital". Wishing Lanre Oyedotun and his team all the best with this. https://lnkd.in/geMhVkBG

Bamboo, the popular Nigerian investment app that enables users to invest in US stocks, has expanded its operations to South Africa. This move marks a significant milestone in the company’s mission to democratise investment opportunities for Africans, providing South Africans with a convenient and accessible platform to diversify their portfolios and tap into the global stock market. Through the Bamboo app, South African users can now invest in fractional shares of over 3,000 US stocks and exchange-traded funds (ETFs), including tech giants like Apple, Amazon, and Tesla. Click the link in our stories to read more: https://lnkd.in/dcrDiNu5 #innovationvillage #fintech #bamboo #locairon #Investment #startups #southafrica #africanbusiness #stockmarket