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Spotlight on Fintech: How African Startups are Revolutionizing Finance:

  • The African fintech sector has experienced significant growth, with over 5,200 tech startups categorized as fintechs.
  • Between 2021 and 2023, African fintechs attracted $2.7 billion in venture capital, despite a global slowdown in tech funding.
  • Nigeria, South Africa, Kenya, and Egypt are the main players in the African fintech landscape, accounting for most of the continent's fintech companies and funding.
  • The future of fintech in Africa looks promising, with projections estimating a 10% annual growth rate in the financial services market and revenues reaching $230 billion by 2025.

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