Written by Ishani Patel and Eugene MutisoThe narrative of Fintech in Africa has largely been one of financial inclusion, poverty alleviation, and economic growth. But as with every tide of change, the secret sauce lies in balancing emergent benefits and risks.Over the last few years, emerging markets have increasingly attracted foreign investors looking for the next opportunity. Africa is experiencing a fintech boom. Last month, Chipper Cash, which offers mobile-based, peer-to-peer payment services across seven African countries, raised $30M in a Series B round led by Ribbit Capital and Bezos Expeditions.In 2020, Paystack, an API-based payments platform often referred to as the \u201cStripe for Africa,\u201d was acquired by Stripe for $200M+, while Turaco, a micro-insurtech startup aiming at changing healthcare financing in emerging markets to provide health and life insurance to low-income earners, secured $2M in a seed round led by Novastar Ventures. In early 2021, Pula, which helps smallholder farmers derisk against losses related to extreme climate fluctuations, raised $6M in a Series A round led by TLcom Capital.Fintech is defined as the integration of technology and finance. This unification creates an enabling environment and represents an opportunity to promote efficiency gains in the continent\u2019s market economy. Fintech in Africa represents one of the greatest opportunities of all time. These digital technologies build upon existing mobile and telecommunications infrastructure, or sometimes even create the infrastructure needed on the continent.Economics and COVID AccelerationIn 2019, the World Bank approximated that comprehensive and affordable internet coverage will increase the African GDP by 2%. A report by McKinsey (2018) also states that the universal adoption of digital finance (mobile money) could increase the GDP by 6%.This is good news. Sub-Saharan Africa already leads the world in Mobile Money. The reason mobile money grew to become so popular is that there isn\u2019t a need\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Escrito por Ishani Patel e Eugene MutisoA narrativa da Fintech na \u00c1frica tem sido amplamente de inclus\u00e3o financeira, redu\u00e7\u00e3o da pobreza e crescimento econ\u00f4mico. Mas como [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/3747"}],"collection":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/comments?post=3747"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/3747\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/media?parent=3747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/categories?post=3747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/tags?post=3747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}