Samuel Abinsinguza’s Post

Are you a founder of an African #fintech or embedded finance start-up trying to raise a $200k-$2M round? Learn more and be considered for funding from the Verdant Frontiers Fintech Fund here: https://lnkd.in/gEWpFZEp We are looking for resilient, motivated founding teams working to accelerate accessible, contextual, and reliable financial products and services for consumers and small businesses. We like "pure fintechs" innovating in investing, banking, lending, insurance, and payments, and we also like "fintech-adjacent" embedded finance start-ups - often b2b SaaS solutions solving a problem in a particular vertical and then embed fintech solutions into their products. Over the last 4 months, we have made 3 investments - a 13-year-old East African fintech, a 6-month-old logistics tech start-up, and a 22-year-old fintech (re)start-up in South Africa with revenues on 4 continents. We plan to invest in a few more in the coming months. We are also passionate about accelerating product-market fit (stay tuned here as the blog posts are coming!) and our Entrepreneur-in-Residence in Nairobi can roll up his sleeves and engage directly with founding teams on this. Again, the best way to engage us is read carefully and apply below!

👉 ARE YOU IN THE FINTECH SECTOR AND INTERESTED IN RISING STAR MARKETS? ARE YOU A SWISS COMPANY AND INTERESTED IN AFRICA? THIS IS THE REPORT TO BE DOWNLOADED! As part two of the regional fintech series after South Africa, this report delves into Kenya's fintech landscape. Marked by innovation, a proactive government, and vast market potential, the sector presents compelling opportunities for Swiss businesses. With a high mobile penetration rate, a pioneering mobile money ecosystem, and a tech-savvy populace, Kenya stands as a promising hub for fintech innovation. Angela Di Rosa #fintech #tech #africa #southafrica #kenya

Building on the momentum of mobile money, the 2010s witnessed a period of rapid expansion and diversification within the African fintech sector. A new generation of startups began to emerge across the continent, offering a rich tapestry of financial services beyond just money transfers. Companies like Flutterwave and Paystack rose to prominence, facilitating seamless online and in-store payments for businesses and consumers. This era saw a surge in e-commerce adoption as secure and convenient digital payment options became readily available. Fintech solutions were able to streamline international money transfers, making it easier and cheaper for Africans living abroad to send money back home. This has since played a crucial role in supporting families and boosting local economies. In our recently published Case Study, you’ll gain insights from 5 industry leaders like Orange Money, Branch, and Flutterwave, exploring their groundbreaking mobile money solutions, innovative APIs, and successful strategies in our new case study. The report also provides a roadmap to responsible fintech innovation in Africa; helping you benchmark your approach against industry leaders while developing a data-driven strategy for success in the African market, fostering financial inclusion alongside growth. Download the full report via the link: https://lnkd.in/d2tujUAf #PierrineReport #FintechAfrica #InnovationInFinance #DigitalBankingAfrica #FinancialInclusion #TechForGood #AfricanEconomy #BankingTech #FintechRevolution #MobileMoney #OpenBanking #AIInFinance #Mpesa

💳🌟 𝐑𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐢𝐳𝐢𝐧𝐠 𝐅𝐢𝐧𝐚𝐧𝐜𝐞: 𝐒𝐨𝐮𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐁𝐚𝐧𝐤𝐢𝐧𝐠-𝐚𝐬-𝐚-𝐒𝐞𝐫𝐯𝐢𝐜𝐞 (𝐁𝐚𝐚𝐒) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐨𝐚𝐫𝐬! 🌟💳 The #South #America #Banking-as-a-Service (BaaS) #market was valued at an impressive US$ 53.51 billion in 2023, with an expected growth rate of 7.8%! 🚀📈  𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:https://lnkd.in/grV8FzBv BaaS usage in South America has been on a rapid rise over the past decade, projected to exceed 400 million users by 2021. 📊🌐 The fintech landscape is booming, with around 10,900 fintech startups across the American continent as of February 2021, marking an 85% increase from three years ago. 🌍💡 South America alone hosts over 2,200 of these startups, primarily focusing on payments, remittances, and lending. This vibrant ecosystem is driven by a large unbanked yet highly connected population, offering immense opportunities for new enterprises to provide innovative financial solutions. 💻📲 Government support and fintech-friendly regulations are propelling this growth even further. 🌐📜  𝐊𝐞𝐲 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐨𝐮𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐁𝐚𝐚𝐒 𝐦𝐚𝐫𝐤𝐞𝐭: Government Initiatives: 🇧🇷 Brazil's Open Banking initiative, authorized in 2019, went live in early 2021. Peru and Argentina are also following suit, fostering a supportive environment for fintech growth. Investment Boom: 💸 Global investors are flocking to back new successes in the region, with US$ 5.8 billion invested in 2021—three times more than the previous year and 24 times more than in 2016! Thriving Fintech Scene: 🌟 Over 1,570 fintech businesses are currently operating in South America, driving innovation and financial inclusion. Join the fintech revolution and witness the transformation of financial services in South America! 🌟💳 #BankingAsAService #BaaS #Fintech #SouthAmericaMarket #OpenBanking #FinancialInclusion #Innovation #Investment #GovernmentInitiatives #DigitalTransformation #FintechStartups #TechRevolution

What's next for inclusive digital payments in Africa? My Accion Venture Lab colleague Jasiel Martin-Odoom explores the evolving landscape of digital payments in Kenya, Nigeria, and South Africa, uncovering opportunities for delivering financial services to underserved communities on a large scale.

🌍 Fintech deals down from 20 last week and 39 the week prior 🌍 This week proved to be diverse in the FinTech sector, with 15 funding rounds representing 11 different countries. 🔹 Key Highlights: Total Funding: $620m raised, with $365m from Octane’s securitisation deal. Global Representation: Countries with two deals each included the UK, Israel, and Ireland. Notable Deals: Octane: $365m (PayTech, US) Partior: $60m (PayTech, Singapore) NALA: $40m (PayTech, Kenya) Interestingly, the US recorded only two deals this week, a rare occurrence. The UK’s FinTech sector has struggled in 2024, with a 60% drop in deal activity in H1 compared to H1 2023. However, the average deal size increased to $20.7m from $15.1m. 🔹 Top Subsectors: PayTech: 5 deals, including the top three deals of the week. CyberTech: 5 deals. WealthTech: 3 deals. Other Sectors: Marketplace lending (1), Data & Analytics (1). This week also saw deals in Singapore (Partior), Kenya (NALA), India (Dezerv), Italy (Exein), Germany (Lemon.markets), Canada (Clutch Technology), and Paraguay (BucksApp). 🔗 Read more about this diverse week in FinTech funding: https://lnkd.in/dey8-Pub #FinTech #Investment #Funding #GlobalTrends #PayTech #CyberTech #WealthTech #Innovation #FinancialServices #MarketTrends

🚀 Financial Inclusion for Underserved Populations 🌍 Jeff App is breaking barriers and creating opportunities for traditionally underserved populations by providing access to credit solutions from various financial service providers. Their innovative client assessment infrastructure leverages alternative data, including user behavior, device metadata, and TelCo patterns, ensuring comprehensive and reliable matchmaking between products and consumer needs. 🌐 As digital adoption accelerates globally, Jeff App breaks barriers that have historically kept financial services out of reach for many. Jeff advances inclusive economic development by creating new market opportunities for banks and lenders, particularly in emerging markets where financial inclusion gaps remain significant. In countries like Vietnam, Indonesia, Mexico, and the Philippines, large segments of the population lack access to traditional financial institutions, leaving them with blank credit and financial history records. Jeff App bridges this gap, connecting underserved client segments with financial service providers. Since its 2020 launch in Vietnam, Jeff has expanded to the Philippines and Indonesia, achieving $10 million in revenue and profitability in 2023. To date, Jeff has enabled over 6 million people to apply for more than 60 million financial products. Leadership Spotlight 👥 Jeff App was co-founded by Toms Niparts, Reinis Tenis, and Sandris Artemjevs. The CEO Toms Niparts has a robust background in fintech, previously leading a peer-to-peer investing marketplace. Reinis brings extensive experience in #commercial and #investment_banking, focusing on #financial_services and credit analysis. Sandris Artemjevs, with his 15 years of experience in software engineering for international finance companies, completes the powerhouse team driving Jeff forward. As CEO Toms Niparts stated, "Achieving profitability marks a significant milestone. We’ve established a foundation for geographic expansion, allowing for swift and profitable scaling into new countries.Our scale now makes us key partners for top-tier financial incumbents Visit the website ➡ www.jeff-app.com to learn more about how Jeff transforms financial inclusion. Follow 👉 our page CEO Enterprise ® for the latest updates and innovations! . . . . . . #FinancialInclusion #EmergingMarkets #FintechInnovation #CreditSolutions #DigitalAdoption #EconomicDevelopment #TechForGood #JeffMarketplace #InclusiveFinance #FinancialEmpowerment #InnovativeFintech

Looking at the backend, specifically the analytics for Fintech Association Of Kenya, our engagement is growing steadily, eclipsing similar or competing pages with 10X more followers. Exciting news lies ahead, with a major board announcement in the offing. We are determined to leave an indelible mark in Kenya's tech ecosystem, shaping the conversation, policy, and networking between companies and the general public into the future. For the record, Fintech Association Of Kenya is not affiliated with/to Association of Fintechs in Kenya. These are two separate entities with separate Governance. The Fintech Association Of Kenya closely works and collaborates with Digital Financial Services Association of Kenya Join us as we pave the way for the future of Fintech in Kenya. #TheFutureIsHere #Fintech #KenyaTech #TechEcosystem #Networking #Policy #Future

📣 Industry News: How Fintech is Opening Doors for the Unbanked   Access to credit is more than just a financial service—it's a lifeline, especially for underserved consumers. However, traditional credit scoring models often leave these individuals in the cold. But don't worry—Fintech innovators are stepping up!   Meet the trailblazers transforming access to credit: ▪ NOW Money is enhancing financial services for underbanked migrant workers in the Middle East through new partnerships, processing over 10.9 million transactions and facilitating AED 2.8 billion in salaries! ▪ Stori, Mexico's Fintech unicorn, raised $212 million to expand financial access in Latin America, with a 99% approval rate credit card setting new standards. ▪ CARE and Ensibuuko are boosting financial inclusion for women in Uganda and Malawi with digital solutions from their Chomoka app, supporting 7,500 savings groups.   🔎 Learn more about the latest news on financial inclusion in our article: https://lnkd.in/dicDxpjr #fintech #fintechnews #financialinclusion #digitalization #lending #GDSLink

What's next for inclusive digital payments in Africa? Our Jasiel Martin-Odoom, Africa Investment Officer at Accion Venture Lab, explores the evolving landscape of digital payments in Kenya, Nigeria, and South Africa, uncovering opportunities for delivering financial services to underserved communities on a large scale. #ImpactInvesting #fintech #FinancialInclusion