NALA’s Post

In case you are wondering why it is important! When the African #fintech community comes together, a myriad of opportunities open up for the entire continent's ecosystem. The Africa Fintech Festival is a prime example, which brings together various stakeholders in the fintech industry across Africa such as #Founders and #CEOs, #investors, #regulators, customers, #banks, and #mobile #money to learn, connect, and collaborate. The event is happening next week at Enashipai Resort in Naivasha, Kenya, on June 12th-15th. Here are some positive impacts the event has on the African Fintech ecosystem; 1. Strengthens the African fintech community, promoting a unified and robust ecosystem that facilitates #collaboration, #partnerships, and #expansion. 2. Enhances the visibility and #credibility of African fintech companies, boosting their global competitiveness, and fosters connections between investors and fintech startups, potentially leading to funding opportunities and growth. 3. Provides a platform for #knowledge #sharing and learning, enabling attendees to stay updated on industry #trends and best practices for African fintech. 4. Encourages regulatory and #policy discussions, promoting knowledge sharing and benchmarking which results in a supportive environment for fintech development. Register at (africafintechfestival.org) to join us at this year's edition of the largest convergence of fintech stakeholders and thought leaders from across Africa and be a part of something transformative. Africa Fintech Network Association of Fintechs in Kenya Tanzania Fintech Association (TAFINA) Fintech Association Of Kenya Fintech Insider FinTech LIVE Fintech Talks

CALLING ALL AFRICAN FINTECH INNOVATORS We need your input to help shape the Africa Fintech Platform to provide resources and facilitate networking to grow Africa’s fintech ecosystem. The Africa Fintech Network in partnership with Cenfri and the Africa Digital Financial Inclusion Facility (ADFI) are working to address these barriers by developing a digital platform that will enable fintech associations across Africa to pool knowledge and strengthen relationships and partnerships. To ensure the Africa Fintech Platform addresses the real needs of its users, we are conducting a needs assessment that includes the identification of needs and opportunities for female-led or female-owned fintechs. Your input will help us tailor the platform to support gender-inclusive innovation and empower fintech associations, regulators, investors, and other stakeholders. You can take the survey here: https://lnkd.in/dPEFKMAt. #digitalfinancialinclusion #africa #fintech #innovation

In the last decade, #Nigeria has emerged as a global leader in #realtimepayments, showcasing a success story reshaping the financial landscape. 🌍💳 Highlights from Interswitch Group's Jonah Adams and ACI's CPO Debbie Guerra: 🍃 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗚𝗿𝗼𝘄𝘁𝗵: Nigeria's economy is thriving thanks to a modern payments ecosystem. 🏦 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻: New, affordable financial services are reaching the previously underbanked, driving #financialinclusion. 🧑💻 𝗙𝗶𝗻𝘁𝗲𝗰𝗵 𝗥𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻: With the Central Bank of Nigeria's support, #fintechs are entering the market and now handle 50% of payment flows in #Nigeria. ⬇️ 𝗟𝗼𝘄𝗲𝗿 𝗖𝗼𝘀𝘁𝘀 & 𝗖𝗼𝗻𝘃𝗲𝗻𝗶𝗲𝗻𝗰𝗲: Fintechs have introduced lower costs and convenience, creating products tailored for food, youth, and healthcare sectors. 🛞 𝗥𝗲𝗮𝗹-𝗧𝗶𝗺𝗲 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀: The backbone of this #transformation, enabling improved living standards and prosperity. 🌐 For other countries looking to replicate Nigeria's success, the key lies in collaboration with governments, regulators, and financial entities to mandate and enable real-time payments. Looking ahead, ACI's flexible and #innovative payment software solutions are set to expand across Africa, promising a new era of financial agility and inclusion. #NigeriaFintech #RealTimePayments #EconomicGrowth #Innovation

Here is to many more collaboration opportunities with governments, regulators, and financial entities

The Africa Fintech Festival (AFF) is set to take place at the Enashipai Resort & Spa in Naivasha from 12th -15th June 2024. Organized by the Association of Fintechs in Kenya (AFIK) in partnership with the Africa Fintech Network (AFN), this event will serve as a platform for exploring how #innovation and #collaboration can address Africa's pressing challenges, leveraging the continent's rapid #fintech growth. With Africa leading in fintech revenue #growth at a staggering 32% CAGR, the AFF aims to showcase the transformative power of #technology in driving socio-economic progress. Through engaging discussions, networking opportunities, and insights shared by industry leaders, attendees will delve into key thematic areas such as green finance, policy & regulation, and capacity development for regulators in fintech and #agritech. Ali Hussein Kassim #fintech #innovation #industry #hakunamatatamedia Source: CIO Africa

Financial services revenue in Africa is expected to grow by 10% a year until 2025. The game-changing impact of African fintechs, delivering substantial value with solutions up to 80% cheaper in transactions and three times higher in savings interest compared to traditional players. Additionally, the cost of remittances may be up to six times cheaper. With growing funding and supportive regulations, African fintech markets are poised for exponential growth. As digital becomes integral in Africa, stakeholders, including fintechs, governments, and investors, must strategize for long-term sustainability. Despite impressive activity, creating unicorns and ensuring venture profitability remains a challenge, signaling the need for ongoing efforts to unlock the sector's full potential. #africanfintech #techinafrica #fintechEruption #investmentopportunity

Calling all African Fintech / Digital Finance Innovators!!! We are building The Africa Fintech Platform and we need YOUR help to shape it! The Africa Fintech Platform is going to be an inclusive digital platform that will provide resources and facilitate networking to grow Africa’s fintech / digital finance ecosystem. Fintechs play a crucial role in enabling Africa’s transition into a more inclusive digital future, but most face formidable challenges to growth.  Although there are initiatives that offer technical assistance and acceleration support to fintechs, they often overlook emerging markets and primarily focus on seed-stage ventures, leaving significant knowledge gaps. The Africa Fintech Network (AFN) in partnership with Cenfri and the Africa Digital Financial Inclusion Facility (ADFI) are working to address these barriers by developing a digital platform that will enable fintech / digital finance associations across Africa to pool knowledge and strengthen relationships and partnerships. To ensure the Africa Fintech Platform addresses the real needs of its users, we are conducting a needs assessment that includes the identification of needs and opportunities for female-led or female-owned fintechs. Your input will help us tailor the platform to support gender-inclusive innovation and empower fintech / digital finance associations, regulators, investors, and other stakeholders. The deadline for responses is 1 March 2024. You can take the survey here. https://lnkd.in/dPEFKMAt Segun Aina, Ali Hussein Kassim, Benazeer Saïdoo, Martin Kwame Awagah 🇬🇭🌍, Alex SEA, Patrick Saidu Conteh PhD, FCCA(UK), MBA, BSc(Hons). Chilekwa Banda, Tavonga M., Abderrahim HANSALI, Jameelah Sharrieff-Ayedun, Ph.D., Ernest Kayinamura, Kagisho Dichabe, Joëlle Sow, Reuben Mwatosya, Dr. Amira Kaddour 🇹🇳, Josephine Olok, Andualem Hailu, Seun FOLORUNSO, PMP Babatunde Obrimah Fintech Association Of Nigeria, Ghana Fintech and Payments Association, Digital Finance Practitioners Association of Zimbabwe, Association of Fintechs in Kenya, Fintech Association of South Africa (FINASA), Tanzania FinTech Association (TAFINA), FINTECH.MZ - Mozambique Fintech Association, Alliance of Digital Finance Associations, Wave Mobile Money, Ripple, Cedar Capital & Cedar-IBSi FinTech Lab, Provenir, FinTech IberoAmérica, findexable, Elevandi ELEVANDI Japan, One ASEAN Fintech Movement, The FutureList #fintech #innovation #Africa #digitaltransformation

💡 Time for a new Friday Fintech Fact! Did you know that in 2023, Nigeria 🇳🇬 led the African FinTech seed market with 49 deals, accounting for 42% of the continent's total? Following Nigeria, Kenya 🇰🇪 secured the second spot with 15 deals, making up 13% of the total. South Africa 🇿🇦 ranked third with 14 deals, representing a 12% share. Source: https://lnkd.in/ecxcVT5M Stay tuned for more fascinating insights into the world of fintech! 🚀 #FridayFinTechFact

"Exciting News! I'm thrilled to announce that I'll be joining a panel of industry juggernauts at the upcoming 3i Africa Summit! We'll be tackling a crucial topic that's close to my heart: "Navigating Regulatory Hurdles: The Roadmap to Compliance". As a pioneer in the Ghanaian fintech industry, I've always been passionate about compliance with policies and regulations. It's an area that's critical to our industry's continuous growth, success and investors' friendliness, and I'm looking forward to sharing my insights and experiences with fellow experts. The 3i Africa Summit is centered around three crucial pillars: Innovation, Impact, and Investment, all within the global Fintech ecosystem. It offers a fantastic platform for knowledge sharing and collaboration. Join us and let's navigate the regulatory landscape together and pave the way for a compliant and thriving fintech ecosystem in Africa! #3iAfricaSummit #Compliance #Fintech #RegulatoryHurdles #RoadmapToCompliance #IndustryExpert #ThoughtLeadership"

Redefining Africa's Fintech Landscape: Opening the Doors for Global Investment In the dynamic startup funding arena, a glaring gap emerges when comparing Africa's blooming ventures to their global counterparts. This dissonance underscores a pressing need for Africa's innovators to embark on a recalibration journey, crafting innovative financial models and forging strategic alliances to secure the substantial capital necessary for global competitiveness and sustained growth. At the recent 3i Africa Summit in Accra, Ghana, a luminary like Maijid Moujaled, the Co-Founder and President of Chipper Cash, shared invaluable insights into the pivotal question of positioning Africa's fintech ecosystem to attract investment and seize the reins of the global digital economy. What is your assessment of his viewpoint and the broader question at hand? Derek B. Laryea Samuel Tettey Amanor Papa Arkhurst Clara Arthur Ophelia Ama Oni Fintech Association Of Kenya Ghana Fintech and Payments Association Martin Kwame Awagah 🇬🇭🌍 Cristina Swan-Awagah (MBA, BSc.) Kwame Oppong Bank of Ghana Development Bank Ghana Anita Erskine, MCM Matt Grasser Michael Wallis-Brown Lebo Mokgabudi 🌍 (MBA) Adoma Owusu Ali Hussein Kassim Hicham El Achgar stephen moore Maijid Moujaled #3iafricasummit2024 #3iafricasummit #fintech #innovation #impact