The most dynamic segment in Africa’s start-up boom, fintech firms raised $836m in capital in 2019, compared with $379m in 2018. They are fast-tracking financial inclusion on a continent. However, as we have seen with the explosion of online lending platforms in Kenya, their growth comes with a certain number of risks. What kind of rapport should fintech firms, regulators and traditional companies have? Are regulatory sandboxes the best solution? How to harmonize financial regulations to help fintech firms expand their footprint in Africa?
Source: Africa Financial Industry Summit