Women in Payments’ Post

The African FinTech scene is on the rise and the world is taking notice. With the potential for FinTech's share to exceed $400 billion by 2028, it's not just numbers on a spreadsheet - it's the pulse of a vibrant marketplace. Africa is leading the way in reaching the unbanked and underbanked, revolutionizing how they interact with money. Could African FinTech firms be writing the playbook for the rest of the world? As a FinTech founder or CEO, there's fertile ground for ideas that resonate with a diverse, dynamic audience looking for financial empowerment. Sync with the rhythm of the market, understand the unique challenges, and tailor solutions that hit home. Last year's challenges are just stepping stones to this year's victories. Don't be left at the shore - grab your gear and set sail towards Africa's FinTech tide. #AfricanFinTech #FinTechGrowth #FinancialEmpowerment

Fintechs in Latin America are on the rise, with #Colombia leading the charge as the fastest-growing fintech market in the region. According to a recent study released by Finnovista and the Inter-American Development Bank, Colombian fintech companies have experienced phenomenal growth, expanding by 30% annually since 2017. This explosive growth has catapulted Colombia to the third-largest fintech ecosystem in Latin America, capturing 13% of the region's fintech market share, right behind #Mexico and #Brazil. The study reveals a remarkable surge in the number of Colombia's fintechs, from just 84 in 2017 to an impressive 409 in 2023. A key driver of this growth is the widespread offering of personal loans, with 27.8% of #fintech companies in the country providing these services. This focus has not only helped bridge financial gaps for many individuals and businesses but has also positioned Colombia as a critical hub for financial innovation in the region. Dive deeper into what's happening across #LatAm by subscribing to our free #RegionalPulse newsletter, published every Tuesday: https://lnkd.in/dKVkNE3e

💳🌟 𝐑𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐢𝐳𝐢𝐧𝐠 𝐅𝐢𝐧𝐚𝐧𝐜𝐞: 𝐒𝐨𝐮𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐁𝐚𝐧𝐤𝐢𝐧𝐠-𝐚𝐬-𝐚-𝐒𝐞𝐫𝐯𝐢𝐜𝐞 (𝐁𝐚𝐚𝐒) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐨𝐚𝐫𝐬! 🌟💳 The #South #America #Banking-as-a-Service (BaaS) #market was valued at an impressive US$ 53.51 billion in 2023, with an expected growth rate of 7.8%! 🚀📈  𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:https://lnkd.in/grV8FzBv BaaS usage in South America has been on a rapid rise over the past decade, projected to exceed 400 million users by 2021. 📊🌐 The fintech landscape is booming, with around 10,900 fintech startups across the American continent as of February 2021, marking an 85% increase from three years ago. 🌍💡 South America alone hosts over 2,200 of these startups, primarily focusing on payments, remittances, and lending. This vibrant ecosystem is driven by a large unbanked yet highly connected population, offering immense opportunities for new enterprises to provide innovative financial solutions. 💻📲 Government support and fintech-friendly regulations are propelling this growth even further. 🌐📜  𝐊𝐞𝐲 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐨𝐮𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐁𝐚𝐚𝐒 𝐦𝐚𝐫𝐤𝐞𝐭: Government Initiatives: 🇧🇷 Brazil's Open Banking initiative, authorized in 2019, went live in early 2021. Peru and Argentina are also following suit, fostering a supportive environment for fintech growth. Investment Boom: 💸 Global investors are flocking to back new successes in the region, with US$ 5.8 billion invested in 2021—three times more than the previous year and 24 times more than in 2016! Thriving Fintech Scene: 🌟 Over 1,570 fintech businesses are currently operating in South America, driving innovation and financial inclusion. Join the fintech revolution and witness the transformation of financial services in South America! 🌟💳 #BankingAsAService #BaaS #Fintech #SouthAmericaMarket #OpenBanking #FinancialInclusion #Innovation #Investment #GovernmentInitiatives #DigitalTransformation #FintechStartups #TechRevolution

As you can see in the image, this first quarter of the year was very critical for fintech companies in the world. Fintech funding reaches its lowest level in Q1 since 2017. In general, the fintech landscape is changing a lot, with some initial trends that the first quarter of this year is already showing to us: 🔸 Smaller Deals Are in Favor: Investors are focusing on writing smaller checks, with the average fintech deal size YTD down 18% compared to 2023. There's also a scarcity of mega-rounds (>$100M), with only 12 in Q1'24. 🔸 Later-Stage Startups See More Love: Mid- and late-stage deals are on the rise (20% YTD vs 18% in 2023), indicating investors are prioritizing established players. This trend is particularly strong in payments (29% YTD) and digital lending (40% YTD). 🔸 Banking Startups Shine: Banking funding doubled in Q1'24 to $1 billion, with a mix of late-stage deals and mega-rounds like Monzo's $431 million Series I. 🔸 Europe Shines Bright: Europe was the only region with a funding increase (22% QoQ), grabbing 37% of all fintech exits in Q1'24. The US, while still the overall leader, saw an 11% funding decline in QoQ. The complete report is available at https://lnkd.in/gzNfigra I think there are some challenges that fintech must overcome this year. Investors are being more cautious, favoring established players and smaller deals. However, there's still room for big winners, as evidenced by mega-rounds like Monzo's. Do you think 2024 will be a good year for the fintech ecosystem? 🤔 — 🤝 #Fintech #Investing #Funding #2024 #economy #Business

Hi friends ✨ Are you curious about the trends and themes that will shape African fintech for the rest of the year? Learn more in this Decode Fintech deep dive exploring key fintech stories, trends, and themes impacting the African continent in 2024 🚀 https://lnkd.in/gtRwVRgu

2023 has been a busy year, and so far there are 3 must know trends redefining the African Fintech ecosystem. ➡️Expansion ➡️Product Launch ➡️Regtech Activities Companies like dLocal, Discovery Limited, Bidvest Bank Limited, EBANX, Leatherback, Paymob, and many others have made moves that have formed these trends. In the latest edition of our newsletter, we reviewed each of the categories and uncovered how each trend is a big deal. Is there an attraction, you might you be missing? An opportunity you are not seeing? Read and subscribe via the link below👇🏾 👉🏾: https://lnkd.in/dxKxa4Ai You stay informed, you stay ahead! #fintech #payment #fintechtrends #africa #paymentlogue #fintechproduct #regulations #expansion

📣 “In the current landscape, the challenges and opportunities are notably shaped by the evolving dynamics brought forth by the ongoing crisis. As this crisis is teaching all Fintech entities across the EU, there is no longer time for unsustainable business practices”. Stefano Piscitelli, CEO at Younited Italy, comments in this way the new approach required from the market to Fintechs in order to keep growing, evolving and succeeding even in the future.   👉 Find out together the manager’s point of view in this exclusive interview by #MFSNewsroom: https://lnkd.in/dVzqSjfN

African Fintech Innovation: Grassroots Success Story 💡 Learn from African fintech leaders reshaping the industry via BBD's latest interview! Explore the growth, challenges, and unique solutions. Insightful read by Matthew Barnard, Gwera Kiwana, and Matteo Rizzi. Read more: https://bit.ly/3OMGsyQ #HollandFintech #Fintech #AfricanInnovation #TechInsights #FinancialServices #FintechLeaders"

Fintech Tuesdays: The Torchbearers of Mena's Fintech Movement - News - Khaleej Times: THE FINTECH landscape of the Middle East and North Africa (MENA) region is witnessing an unparalleled transformation, and right at the heart of ... #finpeform #fintech