Dec 18, 2020

PayU: 10 trends for fintech in Africa 2021

Karen Nadasen, Country Manager…
5 min
Nigeria
growth
Nigera
10
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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