FinTech stakeholders head to Ghana for the Africa Money and DeFi Summit 2023
ACRA, Ghana – African fintech experts head to Accra Ghana for the Africa Money and DeFi Summit 2023. The event is set to take place on October 3rd and 4th.
As per the organizers, Africa Money and DeFi Summit 2023 seeks to propel a new pace for the industry as it prepares to welcome the Web3 ecosystem into Africa’s market.
Fintech experts argue that the sector is one of the fastest-growing industries in Africa. In the last two decades alone most franchises have grown into a trillion-dollar opportunity, attracting multiple investors from all over the globe.
Today the industry has opened new opportunities through digital payment systems benefiting SMEs and E-commerce.
In less than a decade, Africa’s fintech industry thrived, establishing multiple companies that have thrived. Out of the 11 unicorn startups in Africa, seven falls under its fintech industry. Flutterwave, the top organization in Africa’s web3 ecosystem, has shattered record after record, inspiring many to take up the mantle.
In 2022 Disrupt Africa, fintech startups received the majority of the $1.5 billion investment funding. This represented at least 43.4 percent (US$1,446,794,000) of the total funding. Key figureheads within Africa’s fintech are Moove, Yellow Card, MNT-Halan, Luno, and a significant portion residing in Nigeria.
The sheer potential of the fintech industry has also aided the progress of other sectors. For instance, due to the easy financial service offered by fintech startups, Africa’s E-commerce has significantly expanded.
Last year’s Summit brought together over 200 companies from over 20 countries globally. It facilitated the development of numerous partnerships from 44 sectors of the tech world.
Revio, a South African startup, was among the ten ventures chosen to present an issue, and their approach to different matters stunned many investors.
Nicole Dunn, CEO of Revio said, “Pitching at the Africa Money & DeFi summit was a real highlight. The exposure led to over 12 client leads, investor interest, and several strategic partnership conversations. The audience was well-curated and allowed us to test our value proposition in a new market and build a valuable network.”
Furthermore, they set the pace for innovation, causing a massive increase in African-based fintech startups.
According to its official website, the Africa Money and DeFi Summit has encouraged investors and startups within the Web3 ecosystem to apply for the Investment Showcase taking place. With an audience of top African-focused tech investors, participants can gain a network unlike any other. In addition, they can showcase their venture to peers while still receiving a class on how to approach the market today.