Fintech in Africa will Boom in 2022: Fintech News Network Launches Its 8th Publication

ADDIS
ABABA/SINGAPORE/ZURICH – Media OutReach – 31 March 2021 – The
Fintech News Network is pleased to announce the launch of our eighth
publication: Fintech
News Africa.

Screenshot of Fintech News Africa website

 

The Fintech News
Network is an industry publication covering fintech and digital news across the
globe. Our readers are from established financial institutions as well as
budding fintech startups.

 

Eight publications
are currently present in four continents, covering fintech news across 44
different countries.

 

The list of
publications include; Fintech News Switzerland (soft launched end of 2014), Fintech News
Singapore (2015), Fintech News Hong Kong (launched in 2016), Fintech News Middle
East (launched in 2017), Fintech News Malaysia (launched in 2018), Fintech News
Baltic (launched in 2018), Fintech News Philippines (launched in 2020)
and now Fintech
News Africa (launched in 2021).

The Fintech News Network spans 4 continents, 44 countries
and 8 publications

 

While Fintech News
has consistently provided fintech updates from the African continent on our
Middle East site, we believe that the tremendous growth that the region has
seen warrants its very own publication.

 

Africa has been
touted as the next up-and-coming fintech hub after China as it is currently
home to about 600 fintech startups according to Disrupt Africa.

 

The region’s growth
is evidenced by fintech attracting the lion’s share of Africa’s tech funding in
2020. Fintech funding in Africa increased by a whopping 49.3% in 2020 to US$160
million. Fintech deal sizes also grew last year, rising from an average of
US$1.3 million in 2019 to US$1.6 million in 2020.

 

These positive
developments are a strong indicator of the region’s maturing and fast
developing fintech ecosystem.

 

While South Africa,
Nigeria and Kenya have historically been the fintech hubs of the vast
continent, Ethiopia, Ghana and Rwanda are now quickly catching up to their
predecessors.

 

Fintech News is
excited to provide our readers with updates on these bustling hubs with the
launch of Fintech News Africa (www.fintechnews.africa).

Christian Koenig,
Founder of Fintech News Network said,

“Fintech will be essential to the economic recovery of
many African countries as the pandemic has inadvertently accelerated the
digital transformation of the financial sector.

 

Most of these institutions, incumbents and fintechs
alike, have leveraged this opportunity to revolutionise their digital offerings
to keep up with the market’s needs.”

Christian will be based in Addis Ababa, Ethiopia for the next few months to
work on the new page and hire local staff.