How African fintech startups can become profitable

by Digital Brainiacs
0 comment 1 minutes read

Noel K. Tshiani is the founder of Congo Business Network. The organisation has actively been involved in building and connecting the fintech ecosystem in the Democratic Republic of Congo since April 2019. It has organised delegations to participate in the Africa Fintech Summit in the United States, Ethiopia, Egypt, and South Africa with the objective to find investors and learn from leading entrepreneurs from advanced markets in Nigeria and Kenya.

The African fintech sector is booming with startups raising record amounts of money and expanding into new countries. But how can these companies grow and become profitable?

First, a number of factors that contribute to the success of African fintechs need to be considered. One is the continent’s large and growing population. Africa has over 1.4 billion people, and the majority of them are unbanked or underbanked. A huge potential market exists for fintechs that can provide affordable and convenient access to financial products…

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