1、The role of ecosystems in enabling fintech growth across sub-Saharan AfricaThe Power of TogetherForeword03ContentsThe role of ecosystems in enabling fintech growth09Acknowledgements34Moving forward,together32Nigeria23South Africa26Kenya17Case Studies16Fintech in Africa05The Power of Together:The rol

2、e of ecosystems in enabling fintech growth across sub-Saharan Africa2ForewordOver the past two decades,Africas fintech sector has thrived;driving financial inclusion,fostering innovation and contributing to economic growth across the continent.In 2025,financial technology companiesor fintechsaccount

3、ed for eight of Africas nine unicorns.These are startups less than 10 years old with valuations of US$1 billion or more,backed by private investors or public markets.Notable examples include Flutterwave(Nigeria),Chipper Cash(Uganda),and TymeBank(South Africa).Solutions like M-PESA and Interswitch ha

4、ve harnessed fintechs transformative power across Africa for over 20 years.Fintech has allowed Africa to leapfrog financial systems seen in other parts of the world,demonstrating leadership in both innovation and inclusion.In the last decade,fintech has moved further into the heart of Africas econom

5、ic evolution,particularly in Sub-Saharan Africa.For instance,mobile money services have had a major impact on totalgross domestic product(GDP)in Sub-Saharan African countries.Mobile moneys contribution to the regions GDP rose from about US$150 billion in 2022 to US$190 billion in 2023.1 In 2024,ther

6、e was double-digit growth in registered mobile money wallets,reaching around 1.1 billion accounts in Sub-Saharan Africa alone.While Africas fintech sector holds a powerful promise,there is still a lot to do.Continued progress relies on increased investment,supportive regulation,and robust ecosystem