Showing results for "inclusive fintech"
The upcoming National Financial Inclusion Strategy and work around the Start-up Act in Benin is still in its early stages. However, it will help increase opportunities for FinTechs in Benin, especially if they spend time to understand the market and examine how they can add value to it by working with incumbents.
The ecosystem in Côte d’Ivoire comprises 37 FinTechs alongside 18 enablers and funding partners. Inclusive FinTechs catalyze financial inclusion by providing convenience and ease of use of products and services. They represent a new paradigm of design and implementation strategies for financial inclusion. However, they also pose new challenges.
The DRC offers massive market potential for nascent technology start-ups. The political environment supports innovation, entrepreneurship, and digital services. The objective of the National Digital Plan is to drive a vibrant market and improve infrastructure to accelerate opportunities to drive financial inclusion.
Mali is a frontier market for FinTechs. The ecosystem comprises 18 FinTechs, 11 enablers funding partners.
The Malian Government understands the need to strengthen the entrepreneurship ecosystem. It is in the process of creating policies to utilize digital solutions. This will require investment in skills, education, and support of the startup sector backed with strong mentors.
Togo has ambitious plans to embrace digitization as a lever to modernize the economy and society. To this effect, it has created innovation centers to support the startup industry and provide an environment that allows innovation and research and development. The World Bank’s Doing Business 2020 Report has rated Togo as Africa’s best reformer in 2019.
With a vibrant startup ecosystem and growing access to investors, Dakar ranks ninth in Africa in terms of Fintech activity, according to the Global FinTech Index City Rankings 2020. The Government of Senegal is supportive and wants to enhance the growth of digital industries and strengthen the entrepreneurial ecosystem, yet FinTechs need access to funding and qualified staff.