But he says the share of the overall total in these three countries is declining as more startups appear in other countries. The fintech industry has grown by 60% in Africa over the past two years . three companies have appeared on the continent since 2018 , with the sector raising a record $132.8m in the past two years , according to a report by South Africa . Fintech investment represented the highest proportion of tech investments in Africa last year on 60% , with South Africa , Nigeria and Kenya being the three largest markets.
The fintech industry has grown by 60% in Africa over the past two years . three companies have appeared on the continent since 2018 , with the sector raising a record $132.8m in the past two years , according to a report by South Africa . Fintech investment represented the highest proportion of tech investments in Africa last year on 60% , with South Africa , Nigeria and Kenya being the three largest markets.