Fintech startups took nearly a third of all African venture funding in 201717 Jan 2018—Quartz
Almost a third of funding raised by African startups in 2017 was in the fintech sector as investors bet on consumers turning to more formal financial services in a region where just 17% of the population have banking accounts. Venture funding for African startups jumped by 51% to $195 million in 2017, according to a report from Disrupt Africa.
Fintech was the biggest attraction for investors, the report says, with 45 startups raising one-third of total funding. The success of mobile money...