The growing use of mobile phones in Africa is presenting opportunities for fintech, insiders say. Photo: AFP
The growing use of mobile phones in Africa is presenting opportunities for fintech, insiders say. Photo: AFP

Why Chinese capital is venturing into Africa’s fintech future

  • Deterred from the United States, China-based VC funds are tapping into the ‘spontaneous development’ breaking out from Nigeria to South Africa
  • The continent needs banking services and some first-movers are aiming to make the most of the growing uptake of mobile phones to plug into the potential

The growing use of mobile phones in Africa is presenting opportunities for fintech, insiders say. Photo: AFP
The growing use of mobile phones in Africa is presenting opportunities for fintech, insiders say. Photo: AFP
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