What is a Fintech?
Fintech, a portmanteau of “financial technology”, refers to firms using new technology to compete with traditional financial methods in the delivery of financial services.
How Many Fintech Companies Are There In South Africa
In 2021, 154 fintech startups were located in South Africa. The country counted the highest number of such companies in the African region.
Nigeria followed closely with 144 fintechs, while the other 93 had headquarters in Kenya.
What is the largest fintech company in South Africa?
Jumo
How big is the fintech industry in South Africa?
The Fintech’s Digital Investment market in South Africa is projected to grow by 13.29% (2023-2027) resulting in a market volume of US$30bn in 2027.