The Heck of FinTech in Africa
FinTech is gradually reshaping the future of banking and finance and the way financial services are developed and deliver to consumers. The FinTech burst is subjective and different from the .com explosion of the 90s as it is happening at different interval in different countries around the globe. Chris Skinner of www.thefinanser.com argues that there is no FinTech bubble bursting. Just a re-architecting of finance through technology that, until it finishes, will see us moving through waves of innovation and change.

Kenya, Nigeria, Ghana, South Africa and Tanzania are leading the FinTech Hub in Sub Sahara Africa as mentioned in the EY FinTech in Sub Sahara Africa report that also present: An overview of market development and investment opportunity. Besides this, Africa is the world leader in mobile money. An affirmative perspective polished by the Africa Development Bank in its Annual Development Effectiveness Review which position Africa as the fastest growing continent in the world.
The FinTech burst is still to happen in Africa that which will go beyond payments, mobile money transactions to ensuring access to quality and modern financial services like credit scoring, P2P, Invoice financing, issuing unsecured loans, etc

Much work is done by Africa FinTech entrepreneurs as seen in the diagram above. Despite this, Africa is still craving for more FinTech startups that can push beyond payments to ensure transparency in the market as told by Emmanuel Babila, Co-Founder of www.zangacompare.com which is central Africa first financial platform that goes beyond comparison services to issuing unsecured loans in Cameroon.
