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Future of Fintech in Africa 2023: The value of a connected world
Dickson Nsofor

Dickson Nsofor Chief Executive Officer at Kora

Future of Fintech in Africa 2023: The value of a connected world

This is an excerpt from The Future of Fintech in Africa 2023 report. African fintech has been white-hot for a minute. As early as 2011, before the major liquidity events of 2020, 2021 and 2022, Helios had already paid $92 million for a majority stake in Interswitch. Down in South Africa, Fundamo sold to Visa for $110 million in cash. In Nigeria in ...

/startups

How Scotland, the UK's second largest fintech cluster, is reshaping the digital economy
Nicola Anderson

Nicola Anderson CEO# at FinTech Scotland

How Scotland, the UK's second largest fintech cluster, is reshaping the digital economy

​​Cluster management body, FinTech Scotland, is advancing the agendas set out in both the UK Fintech Sector Review and its own Research and Innovation Roadmap, aiming to drive economic growth and jobs in Scotland and in the UK more broadly. FinTech Scotland has recently successfully secured UK Government funding to accelerate innovation in Scotlan...

/startups

Forget unicorns, are we entering the age of the centaur?
Sanjib Kalita

Sanjib Kalita Knowledge Director at Money2020

Forget unicorns, are we entering the age of the centaur?

The era of unicorns, startups valued at $1 billion or more, is coming to an end. We are now entering the era of centaurs, where startups achieving $100 million in annual revenue with a clear path to profitability will gain mindshare and traction. The unicorn era was fueled by cheap capital and a focus on high valuations. But the challenges and eve...

/startups

Disruptive challengers: How fintechs are pivoting for profit
Laust Bertelsen

Laust Bertelsen CEO at Banking Circle

Disruptive challengers: How fintechs are pivoting for profit

In response to the 2008 financial crisis, regulation was altered and the financial services market saw a new type of provider enter the landscape. These new entrants didn’t have the same legacy infrastructure slowing them down, and so were free to innovate, stir up the industry, and deliver exciting solutions. Working with infrastructure providers...

/startups

Will the CFIT tackle growth barriers and accelerate the UK fintech sector?
Madhvi Mavadiya

Madhvi Mavadiya Head of Content at Finextra

Will the CFIT tackle growth barriers and accelerate the UK fintech sector?

The Centre for Finance, Innovation and Technology (CFIT), a UK quango charged with unblocking barriers to growth for fintech, has opened a National Hub in Leeds. The creation of the CFIT was a key recommendation of the 2021 Kalifa Review of UK Fintech. HM Treasury gave the green light to the project in the 2021 Spending Review, allocating £5 milli...

/startups

How to prioritise regulation, diversity and collaboration to bolster UK fintech
Retired Member

Retired Member

How to prioritise regulation, diversity and collaboration to bolster UK fintech

Over the course of 2022, the UK FinTech industry showed its resilience as it battled through heavy headwinds. Despite a global tech downturn as a result of a series of economic, political, and market turbulence, UK FinTech stood strong, securing $12.5billion of VC investment, which placed it well above its peers. The numbers speak for themselves –...

/startups

Competition and innovation: Improving the tech and financial services relationship
Roberto Napolitano

Roberto Napolitano Director of Marketing and Communications at Innovate Finance

Competition and innovation: Improving the tech and financial services relationship

The collaboration between financial services and tech is incredibly important to drive further innovation in the UK. This translates into many positive and impactful outcomes: Tech companies can help financial services providers deliver a better customer experience by leveraging their expertise in user interface design, data analysis, and machine ...

/startups

Adapt to survive in 2023: A step change for business models in fintech
Pat Patel

Pat Patel Executive Director at Elevandi

Adapt to survive in 2023: A step change for business models in fintech

The origins of fintech date back to the Global Financial Crisis of 2007 to 2008, when financial institutions suffered large losses and needed government assistance to survive. In the same period, mobile technology exponentially grew, which further yielded a new breed of financial institutions. Web 2.0 created opportunities for fintech companies t...

/startups

Debt financings for fintech startups: Are they the new venture round?
Lyle Solomon

Lyle Solomon Principal Attorney at Oak View Law Group

Debt financings for fintech startups: Are they the new venture round?

In the first seven months of the year, venture capital (VC)-backed businesses in the United States raised close to $15.9 billion in debt through 321 deals, according to Crunchbase data. Startups disclosed over $13.3 billion in debt in 320 acquisitions by the same time in 2021. Debt experts claim that the growth is definitely real Even though it's ...

/startups

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