Tech: These startups are the leading fintech innovators in Africa

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These startups are the leading fintech innovators in Africa

In Africa, the likes of Cellulant, Wallet from Nigeria and ThisIsMe from South Africa are making waves across the world as emerging fintech companies.

 

  • Cellulant, Wallet.ng and Thisisme make the list of Emerging50 fintechs in the world.

  • The list was revealed in the Fintech100 global ranking prepared by H2 Ventures and KPMG.

  • In 2018, the financial services rake over $86 million in funding in Nigeria alone


So far in 2018, the financial services sector has been the most attractive to investors as startups in the segment raked over $86 million in funding in Nigeria alone, according to Techpoint's Nigerian Startup Funding Report.

In Africa, the likes of Cellulant, Wallet from Nigeria and ThisIsMe from South Africa are making waves across the world as emerging fintech companies.

These three startups made the list of Emerging50 fintechs in the world, according to the Fintech100 global ranking prepared by H2 Ventures and KPMG.

The collaborative effort, in its fifth year, uncovers and evaluates the most innovative fintech companies globally.

The Fintech100 comprises a ‘Top 50’ and an ‘Emerging 50’ and highlights those companies globally that are taking advantage of technology and driving disruption within the financial services industry.

Here is a look at the three leading fintech companies in Africa according to the report:

1. Cellulant

Cellulant is one-stop payments ecosystem in Africa; connecting businesses and governments to increasingly mobile consumers. 

 

The platform powers the internet of payments with dominant market position across 12 Sub-Saharan countries – Kenya, Nigeria, Ghana, Uganda, Zambia, Mozambique, Tanzania, South Africa, Zimbabwe, Botswana and Malawi.

The fintech firm is co-founded by Nigerian Bolaji Akinboro and Kenyan Ken Njoroge and was established in 2014.

2. ThisIsMe

ThisIsMe is a South African online verification startup that helps businesses to reduce fraud, automate KYC, improve onboarding and increase revenue while providing an on-demand, seamless customer experience.

 

It holds the record for the fastest FICA verification at three minutes. The company uses an array of tech that includes artificial intelligence, biometrics, machine learning and tamper detection.

Founded by Juan Thomas and Juan Furmie in 2013.

3. Wallet.ng

Wallet is a digital payments product that allows users to make payments, transfer funds, pay bills and withdraw from ATMs – using their phone number.

 

Founded in 2013 by John Oke.

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My name is Jaramike Daniel a blogger with a vision, a programmer in the making, a web developer by hobby and a Nigerian by birth.. My dream is to inspire youths with passion in the tech aspect. I create and design websites for schools, Companies and Organisation... I can be reached through any of my social media listed below or whatsapp on +2348168210251

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