Trevor is a Chartered Accountant with over 20 years of global experience across finTech, payments, banking, retail, e-commerce, consulting and finance. He has extensive experience in Africa, building businesses, cross-border teams and infrastructure, often in unstructured business environments.
There are many new fintech products and innovative solutions being launched in various African countries, but that does not mean that they will be successfully implemented in the region. They need to have a user buy-in and a sufficient number of users to be viable in the long term. The main trend with regards to PayTech at the moment is driven by foreign investment – many PE and VC firms together with African-focused funds are looking for the next big thing and are making multiple small (Sub $2m) investments across Africa in the hope of finding the next Google or Amazon or Tencent or indeed, PayPal.5 August 2021