With AfCFTA, African FinTechs See SMB Investment Opportunities

November 15, 2021 PYMNTS.com 0 Comments

FinTech startups in Africa are ballooning beyond their borders to access a wave of new investments expected to arrive with the advent of the African Continental Free Trade Area (AfCFTA). 

Trading under the AfCFTA began earlier this year, with the aim of establishing the largest single market for goods and services in the world. 

As Quartz reported Friday (Nov. 12), several startups have — just in the last month — either raised growth funding, hired top players from the telecom industry or purchased another regional player in their vertical.  

The goal seems to be to target smaller industries and traders looking for cross-border opportunities in Africa’s new markets Read More.

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