Browsing: Fintech growth in Nigeria

• Mastercard has released a new study that indicates that fintech startups in Africa grew 81 per cent in 2021, with South Africa, Nigeria, and Kenya emerging as key hubs on the continent
• The report also found that the fintech sector accounted for 27 per cent of the record-high number of deals closed and 61 per cent of the US$2.7 billion deployed across Africa in 2021
• The three countries were also seen as among the countries leading the transition to digital payments, with infrastructure and policy frameworks that enable this growth firmly in place

Mastercard has released a new study that indicates that fintech startups in Africa grew 81 per cent in 2021, with South Africa, Nigeria, and Kenya emerging as key hubs on the continent. The white paper was seeking to determine the state of fintech in African markets.

Titled ‘The Future of Fintech: Rapid Growth Attracts Smart Capital’, the …