A host of African changemakers are reinventing fintech with the aspiration of building a single digital market across the continent.
May 25, 2018
There’s no denying the “Africa Rising” narrative. Expanding population figures and rapid urbanization are changing the face of the continent and encouraging outside investment. Sometimes lost in the excitement of the impending African century are the litany of challenges that continue to hobble economic and social development in certain parts of the continent.
The financial services sector, and fintech especially, is one area where young entrepreneurs are capitalizing on the demographic opportunity of a growing middle class and also addressing the needs of those traditionally ignored as customers. Last year, The Economist noted that throughout sub-Saharan Africa “countries are on the cusp of a tech-driven transformation that is already beginning to make people healthier, wealthier, and better educated at a pace that only recently seemed unimaginable”. Below are some of the entrepreneurs pushing African fintech forward and bringing the continent together.
1. Farida Bedwei
Farida Bedwei skipped her last year of secondary school to enroll in a computer course when she was 15, and has never looked back. Rising from a software engineer to fintech co-founder, she is one of the most influential women in Africa’s financial sector. Based in Ghana, Farida is currently CTO of Logiciel and is passionate about bringing banking services to the informal sector. She is also an author and disability rights activist.