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By 2030, the African fintech market will be worth around $65 billion, according to a recent report by Boston Consulting Group (BCG) and QED Investors. Africa's fintech market is indisputably a very vibrant one; we have seen some really notable startups turned tech giants, and investments flow into this sector. In the below article, Aymen Mtimet, Partner Advisory at Deloitte Francophone Africa, shares his insights on the evolution of fintech in Africa, its current challenges, and growth opportunities. Read more here: https://lnkd.in/dfZ34iep News Source: Africa News Agency Image credit: Business Insider Africa

🇰🇿 Kazakhstan Fintech Report - by Rise research, National payment corporation of Kazakhstan, Mastercard & Tarlan Payments Key takeaways: 🚀 Increase in online banking usage, as well as all fintech-related services and products: Between 2019 and 2023, active online banking users in Kazakhstan increased 4.6 times due to technological improvements, regulatory support, high demand, market competition, and greater internet and cashless payment adoption. 📲 The rise in number of fintech startups, investments, and “bank+fintech startups” partnerships: Despite banks leading the fintech market,number of fintech startups in Kazakhstan have surged from around 50 in 2018 to over 200 by 2024. Moreover, fintech dominates venture capital deals in the country, accompanied by a noticeable rise in “bank+fintech startups” partnerships. #Fintech #Report #Kazakhstan

🇰🇿 Kazakhstan Fintech Report - by Rise research, National payment corporation of Kazakhstan, Mastercard & Tarlan Payments Key takeaways: 🚀 Increase in online banking usage, as well as all fintech-related services and products: Between 2019 and 2023, active online banking users in Kazakhstan increased 4.6 times due to technological improvements, regulatory support, high demand, market competition, and greater internet and cashless payment adoption. 📲 The rise in number of fintech startups, investments, and “bank+fintech startups” partnerships: Despite banks leading the fintech market,number of fintech startups in Kazakhstan have surged from around 50 in 2018 to over 200 by 2024. Moreover, fintech dominates venture capital deals in the country, accompanied by a noticeable rise in “bank+fintech startups” partnerships. #Fintech #Report #Kazakhstan

Growth opportunities for African fintech abound, especially in South Africa - TechTrendsKE: Fintech solutions, particularly those addressing payment challenges, continue to dominate innovation and attract significant venture capital interest ...

【The Potential of Egypt】 Fintech Is Driving Africa's Economies 🌍 My forth article from Global Brain Corporation's owned media "GB Universe" to explore why fintech is likely to grow in Egypt. 🌈 Egypt has made significant strides this year in establishing an environment for fintech growth. 🦅 This year could be the "dawn of fintech" in Egypt. Our portfolio company, Rise is one of the startups bringing tech-led innovation to financial services in Egypt and the region.

The Fintech sector in Lithuania is booming! Invest Lithuania (kudos to Gintare Baciuliene) has just released its newest Fintech Landscape report. The report reveals that there are currently 277 Fintech companies in operation, employing over 7400 people. Additionally, Business Development Professionals are among the top three most sought-after specialists. For more detailed information, check out the full report here: https://lnkd.in/eYZj5NWA #Fintech #Lithuania #Investment #BusinessDevelopment #Specialists.

The Ecobank #Fintech Challenge has revealed its 12 top contenders, each vying for the $50,000 grand prize and a spot in the Ecobank Fintech Fellowship program. These fintech innovators, selected from over 1,550 entries across 70 countries, will showcase their brilliance at the Grand Finale on September 27, 2024, in Lomé, Togo. From #Kenya to #Nigeria, these startups are ready to shake up #Africa’s financial scene. Jeremy Awori, CEO of #Ecobank Group, praised their talent and innovation, expressing excitement for future collaborations that could revolutionize the continent’s financial landscape. Isaac Kamuta, Group Head of Payments Service at Ecobank, emphasized that this challenge isn’t just about competition but about building businesses that scale across Africa. The countdown is on—stay tuned as these fintech stars gear up to shine at the finale https://lnkd.in/d-ECr-ku Ecobank Nigeria #EcobankFintechChallenge #AfricanInnovation #FintechRevolution

Is Turkish fintech about to have a breakout moment? Unable to rely on VC capital, Turkish fintechs bootstrapped to profitability Turkey's fintech sector is gaining momentum in 2024, drawing increased interest from international venture capitalists. Despite its large, tech-savvy population and highly digitized banking environment, Turkish fintechs received only $86.1 million in funding last year. However, recent economic stabilization, including higher interest rates and an improved credit rating, has made the market more attractive. Startups like Colendi, which raised funds at a $700 million valuation, are leading the charge, demonstrating profitability and resilience. This aligns with the global VC focus on profitable ventures. Meanwhile, companies like Papara and Sipay are exploring international expansion, though experts advise caution to avoid overextension. Check out full article 👇 by Tom Matsuda Sifted #turkish #fintech #growth #expansion #turkey ❤️ Enjoyed this? Share the love with your network! 🗣 Have insights to share on this topic? Please comment! 🎉 Wanna learn more? I'ma message away! Let's get it 🚀

🌟 Kazakhstan: A Young, Tech-Savvy Nation on the Rise 🌟 Our portfolio payments company, Tarlan Payments recently participated in a significant study on the development of Kazakhstan’s fintech market, conducted by RISE Research in partnership with Mastercard and National Payments Corporation of Kazakhstan . This comprehensive analysis not only brings transparency to local players but also shines a spotlight on the immense opportunities Kazakhstan offers to international tech companies. Read the article https://lnkd.in/e2CbqaWr Key Takeaways: 🔹 Fintech start-ups in Kazakhstan have quadrupled in the past five years. 🔹 Non-cash payments reached an impressive 89% in May 2024. 🔹 The fintech industry attracts 40% of all venture capital in Kazakhstan. “Both international payment systems and local solutions are actively used in this country. This confirms the high level of integration of our market into the global financial ecosystem and the readiness of local players to enter the international arena. I believe fintech companies in Kazakhstan have every chance and opportunity to achieve this,” says Andrey Sedenko, CEO of Tarlan Payments. With a youthful, tech-savvy population and a supportive regulatory environment, Kazakhstan is poised to become a leader in digital finance. 🚀 #Fintech #Kazakhstan

Kazakhstan fintech market sees exponential growth: key trends and future outlook: Fintech now dominates venture capital deals in the country, accompanied by a noticeable rise in "bank+fintech startups" partnerships. Market Trends.