Dec 18, 2020

PayU: 10 trends for fintech in Africa 2021

Karen Nadasen, Country Manager…
5 min
Nigeria will see the greatest growth 2021...

The patriot in me would love to say South Africa, but Nigeria has continued to dominate headlines. Its successes are well documented; between 2014 and 2019, Nigeria’s vibrant fintech community raised more than $600 million in funding, with Branch closing one of the largest funding rounds of $170mn in 2019. Away from fintech, a Microsoft office opening in the country sparked a trend of companies no longer limiting large corporate offices to South Africa. I think Nigeria will have another strong year in 2021, as will Kenya and Ghana.

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