East Africa has been regarded as the flag bearer of the fintech phenomenon globally. EAVCA, FSDA and FMO are pleased to launch their report FINTREK, that demystifies the complex ecosystem across multiple fintech business models, their value propositions and relative scalability cum feasibility potential. It also assesses the funding and investment requirements of the fintech sector, and the key gaps.
With the rapid mobile penetration in emerging economies, FinTech may easily be the buzz word or the flavor of this decade. While FinTech refers to firms leveraging technology to deliver financial products/services or capabilities to customers or other financial services firms, it has also carved out its distinct offering to create a full-fledged sector group, complete with its own service providers, accelerators and market. Once a conduit of the traditional financial service sector, today, FinTech holds its own as a mainstay service sector.