The inaugural Africa Fintech Market Update: January 2024

Afridigest is your intelligent guide to Africa’s tech ecosystem. We provide ideas, analysis, and insights for startup founders, executives, and investors across Africa and beyond. 

Happy Valentine’s Day, friends. 🤗 As a token of our appreciation, we have a special gift for you: our first fintech market update 💝 Excited to hear your feedback here 🙏🏽

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The inaugural Africa Fintech Market Update report is finally here.

For those of you who love our content but find it challenging to keep up with our weekly updates, we've developed this report to provide an all-in-one, monthly view of key fintech developments across the continent.

Get insights on:

• Investment trends: Eleven Africa-focused fintech startups announced raising $25 million in January 2024.

• News highlights: Nigerian neobank Kuda grew its customer base at an 87% CAGR from Dec 2021 to Dec 2023 but faces various headwinds in 2024.

• M&A rationale: By acquiring EFT Corporation, South Africa's Ukheshe also gains the opportunity to sell its solutions to a captive audience of EFT Corp clients.

And more!

Download the report below and share your thoughts. Your feedback is invaluable in helping us improve future editions. Thanks for your continued support!