Last year saw increased investment by local and international investors in African Fintech ventures with a total of $284.6 million invested in 2018, making Fintech the most invested sector.
Leveling the playing field for the unbanked and financially underserved in Africa has created opportunities for new ventures to disrupt traditional banks, through machine learning and mobile technology. Fintech innovation has moved beyond just having a bank account, disruptive ventures now deliver; mobile payments, credit, remittances, cryptocurrencies, insurance, and investments, creating a new world of data.
Here we look at some of the leading fintech services from across the continent who will be speaking at Africa Tech Summit London, on June 11th during London Tech Week.
Branch International leverages machine learning and mobile technology to assess credit based on a range of smartphone data including GPS data, call logs, contact lists and payments to make personal loans. Branch recently raised $170 Million Series C funding round, the largest ever raised by an African focused venture.
JUMO partners with banks, MNOs, and other e-commerce players to deliver financial services and has raised …read more
Read more here:: African Fintech leaders to take center stage in London