[ad_1]
Nearly $ 100 million of fundraising has already been injected in 2018 into the flourishing fintech and mobile payments sector in Africa, and significant capital is yet to be deployed this year. According to TMT Finance, the information and press company specializing in telecommunications, media and technologies believes that the prospects for the sector are optimistic
Joseph Arrast, EMEA publisher at TMT Finance, declares : "The growing demand for payment and lending services is attracting investment from mobile operators, banks and international funds, all of which are scrambling to position themselves across the continent.These new initiatives also achieve inclusive targets set by the institutions. international development finance, which has joined several fundraisers in the last twelve months. "
Demand for services is also marked by a sharp rise: financial transactions via the Internet or D after a recently published report. pan-African banking group Ecobank, mobile phone is expected to grow from US $ 200 million to US $ 3 billion by 2020.
Regulation, access to a reliable and affordable internet and the development of Blockchain are also all key topics affecting the Fintech sector in Africa, according to D & # 's 39; Arrast. "We expect B2B lending platforms and anti-fraud start-ups to attract the most interest from investors." He said venture capital funds play an important role – Local businesses and international investors often coming from Europe or the United States.
With huge opportunities for fundraising and investments in space. Companies will join a dedicated panel at Mobile Payments & Fintech at TMT Finance Africa 2018 on September 19 in London to discuss investment strategies Speakers for the session are: Chris Low, Group CEO, Letshego, Alix Murphy, Mobile Partners Director, WorldRemit Ercin Eksin, Co-Founder and Co-Chief Executive Officer, Lidya, Rostan Schwab, Head of Fintech Investments for Africa, IFC, and Adia Sowho, Vice President of Marketing / Marketing, Nigeria, Mines.io
A closer study Founded of the growth and expansion of fintech companies in Africa will also take place earlier in the day during a dedicated session, with CEOs. and MDs from Verdant Capital, GoAfrica, Strider, Transsnet Payments, MFS Africa Ltd., One Finance & Investment Limited and chaired by Obsidian West Consulting.
More than 70 keynote speakers were announced for the event, with CxOs and senior executives also confirmed by Orange, IHS Towers, Econet Wireless, Millicom Africa, The Carlyle Group, Standard Bank, PEIX, East Africa Data Center, Ethos Private Equity, Rack Center, Jumia, Uber, Intelsat, Huawei, Credit Suisse and World Remit among others.
Source link
