The report revealed that Nigerian fintech had contributed over $1bn in the last two years, tripling the total figure and accounting for more than one-third of the $2.7bn invested in African fintech since July 2021.
Disrupt Africa’s Finnovating for Africa publication, released every two years since June 2017, tracks the extraordinary development of the fintech ecosystem
Disrupt Africa’s Finnovating for Africa publication, released every two years since June 2017, tracks the extraordinary development of the fintech ecosystem
There is a slow process of diversification away from payments and lending solutions within Africa’s fintech space, but the two verticals remain by far the most populated and best funded.
Nigeria has overtaken South Africa to become the most-populated fintech space on the continent, having already established itself as the most attractive fintech investment destination.