The 14th Africa Fintech Summit will occur in Accra, Ghana, from October 8-10, highlighting the country’s burgeoning fintech sector and attracting global attention. Ghana achieved $102 million in equity funding in 2024, boasting a strong digital financial ecosystem. The summit aims to facilitate discussions on innovation, partnerships, and investment opportunities in the African fintech industry.
The 14th Africa Fintech Summit is scheduled to be held in Accra, Ghana, from October 8 to 10 at the Accra International Conference Centre (AICC). This summit is significant as Ghana’s fintech sector is experiencing remarkable growth, attracting substantial investor interest and fostering a rapidly evolving digital financial landscape. Industry leaders will convene to discuss the opportunities and challenges that will impact the future of fintech across the African continent.
In 2024, Ghana secured a remarkable $102 million in equity funding, marking a 36% increase from the previous year, according to data from Partech. The country ranked as the fifth most-funded African startup ecosystem and is among the limited number of nations that have raised over $50 million in equity funding. Since 2019, Ghana has consistently attracted more than $50 million annually, achieving over $100 million in four out of the last six years.
The fintech transaction volume in Ghana experienced significant growth, increasing by 33.4% in the first quarter of 2024 to reach GH₵576.03 billion, as reported by the Bank of Ghana. By the end of 2024, the number of registered mobile money accounts hit an impressive 73 million, illustrating the expanding adoption of digital financial services among Ghanaians.
Ghana stands out as a pivotal fintech hub in Africa, with notable startups like Fido, Oze, SecondSTAX, Affinity Africa, and Zeepay leading advancements in the payment and lending sectors. Mobile money initiatives provided by major telecommunications firms, such as MTN (MoMo), Vodafone (Vodafone Cash), and AT Ghana (ATMoney), are essential in promoting financial inclusion and facilitating digital transactions across the country.
The upcoming summit aims to gather local and global fintech leaders to examine current trends, explore partnership opportunities, and discuss investment avenues. Registration for the Africa Fintech Summit is currently open, inviting participants to engage in critical discussions surrounding the fintech industry in Africa.
In summary, Ghana is poised to host the 14th Africa Fintech Summit, a pivotal event reflecting the robust growth and potential of its fintech sector. With significant funding gains and an impressive mobile money ecosystem, Ghana continues to establish itself as a key player in the financial technology landscape of Africa. The summit will provide a platform for collaboration and exploration of future opportunities within this dynamic industry.
Original Source: techlabari.com
