Impact of COVID-19 on FinTechs: Senegal

by Elizabeth Berthe, Shailey Tucker and Cecile Voigt
May 5, 2021
1 min

This report attempts to gauge the impact of the COVID-19 pandemic on FinTechs in Senegal and understand how the ecosystem adapted and evolved during 2020. It further sheds light on the measures policymakers announced to support FinTechs and their effectiveness.

Before the COVID-19 pandemic struck, the Senegalese FinTech industry was growing steadily. Gradually stimulating the interest of investors, FinTechs in Senegal rolled out a range of products and services to bridge gaps in existing financial services. This report attempts to understand the impact of the pandemic on FinTechs in Senegal, the measures policymakers took to support FinTechs, and their effectiveness. It further highlights the sentiments of investors toward this sector.

Click here to read the report in French.