Theme – Surviving with Fintech Innovation, What are the Sustaining Factors?
One of the major derivatives of the 2008 global economic meltdown is the emergence of an innovation sector called Financial Technology, Fintech. Fintech has since then become a major force to reckon with in the financial sector vis-à-vis financial services delivery globally. The prominence Fintech has gained in the Africa continent especially in Nigeria, Kenya and South Africa accounts for the reason why the sector has attracted the lion share of all investments in startups across the continent, according to 2018 venture investment report by WeeTracker, Fintech startups received the most investment totaling 40% of a record $725.6 million across 458 deals. It has also become a major driver of financial inclusion, a key component of digitalized Africa agenda of the AU, UN and other global bodies.
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