The fintech industry has grown by 60 % in Africa over the past two years . Most remarkable about this trajectory, is that is it being driven by entrepreneurs and their home-grown innovations." Almost 200 companies have appeared on the continent since 2017 , with the sector raising a record $ 132.8 m in 2018 , according to a report by Silicon Africa . Foreign companies represented the highest proportion of foreign investment in Africa last year on 39.7 % , with South Africa , Nigeria and Kenya being the next largest markets .
The fintech industry has grown by 60 % in Africa over the past two years . Almost 200 companies have appeared on the continent since 2017 , with the sector raising a record $ 132.8 m in 2018 , according to a report by Silicon Africa . Foreign companies represented the highest proportion of foreign investment in Africa last year on 39.7 % , with South Africa , Nigeria and Kenya being the next largest markets .