The 14th Africa Fintech Summit will occur from October 8-10 in Accra, Ghana, showcasing the country’s rapid fintech growth. Noteworthy achievements include $102 million raised in equity funding in 2024 and a significant rise in fintech transactions and mobile money accounts. The summit will connect key industry players to explore future opportunities in Africa’s digital finance ecosystem.
The 14th Africa Fintech Summit will be hosted in Accra, Ghana, from October 8-10 at the Accra International Conference Centre (AICC). This event will gather key stakeholders in the fintech industry to discuss the current landscape and the future prospects of digital finance in Africa, amidst Ghana’s flourishing fintech environment.
Ghana’s fintech sector has seen remarkable growth, exemplified by a 36% increase in equity funding in 2024, amounting to $102 million according to Partech. Ghana is ranked as the fifth most-funded African startup ecosystem and is one of only three nations that secured over $50 million in equity last year.
Since 2019, Ghana has consistently reached over $50 million annually in funding, surpassing $100 million in four of the last six years. In Q1 2024, fintech transactions surged by 33.4%, totaling GH₵576.03 billion, as reported by the Bank of Ghana. There are now 73 million registered mobile money accounts in Ghana as of the end of 2024.
Emerging as a significant fintech hub in Africa, Ghana hosts innovative startups such as Fido, Oze, SecondSTAX, Affinity Africa, and Zeepay, which are pushing the boundaries of payment systems and lending. Prominent mobile money services, including MTN’s MoMo, Vodafone Cash, and AT Money, are pivotal in enhancing financial inclusion and digitizing transactions.
The upcoming summit aims to connect local and international fintech leaders to deliberate on market trends, potential partnerships, and investment avenues. Registration for the Africa Fintech Summit is currently open, welcoming participants from across the globe to engage in meaningful discussions.
The Africa Fintech Summit, taking place in October 2024, underscores Ghana’s burgeoning role in the fintech space, illustrated by significant funding growth and transaction volume. The event is set to facilitate dialogues among industry leaders, reflecting on trends and opportunities within Africa’s digital financial landscape. Ghana’s advancements in mobile money and startup innovation position it as a crucial player in the continent’s fintech evolution.
Original Source: techlabari.com
