Fintech funds pour into Africa

Fintech funding in Africa grew to $1.35bn last year from $1bn in 2019, according to a report

09 May 2021 - 00:02 By Agency Staff

Fintech companies in Africa raised more capital than in the past despite the Covid-19 pandemic, in contrast to emerging-market peers such as Latin America, which saw a decline.

Fintech funding in Africa, including mergers and acquisitions, grew to $1.35bn (R19bn) last year from $1bn in 2019, according to a report by BFA Global’s Catalyst Fund and Briter Bridges...

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