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January 20, 2023

Sabi features in FT Partners' FinTech in Africa Report

FinTech is gaining traction in Africa as business models demonstrate their viability as investments, significant financing rounds are completed, unicorns emerge, well-known international investors and strategics pay attention, and exits start to occur. The major risks associated with investing in the continent are decreasing as international best practices spread there. In addition, with many entrepreneurs on their second or third endeavor, the quality of first-time and repeat founders has improved, maybe learning from earlier entrants. Consequently, investors cannot overlook Africa any longer.

Africa has all the necessary components for the development of a strong FinTech ecosystem, including a sizable, young, unbanked and underbanked, tech-savvy population, historically high cash usage, a quick transition from the informal to the formal economy, rising mobile penetration, and an overall supportive regulatory environment, along with governments pushing for greater financial inclusion and digitization. The continent of Africa has one of the biggest long-term secular development prospects for FinTech globally, despite the fact that it is still an emerging market with ongoing economic and political challenges.

The African FinTech Report examines the continent's FinTech landscape and provides an overview of the key geographic markets and FinTech sectors. It also offers a detailed landscape of FinTech companies across sectors and geographies, as well as individual profiles of companies playing a significant role in the space.

Good Read: FinTech in Africa: Momentum is Building

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