The Fintech Landscape in Africa. In 2021, the Bank of Ghana set up the Fintech and Innovation Office with responsibility for the licensing and oversight of dedicated electronic money issuers, payment services providers, closed loop payment products, payment support solutions and other emerging forms of payments delivered by non-bank entities. From thesis to trusted: Ghana's most ambitious Fintech. Register here! They were the second batch of Computer Science students from Ashesi and their predecessors had already set quite a high . In 2020, the number of fintech companies in Lithuania is expected to rise to 250 with segments including digital banking and personal finance, as well as trends like Open Banking, set to witness strong growth. UK is by far leading in Europe in terms of investments in fintech companies: $4.1 billion invested across 408 deals in 2020. In April, the World Bank approved $200million to help Ghana's government increase access to broadband, enhance the efficiency and quality of selected digital public services, and strengthen the digital innovation ecosystem in the country to help create better jobs and economic opportunities. Blockchain; Crypto Updates 12:00/15:00. On average, 64% of the world's digitally active population has used at least one fintech service. The Payment Systems and Services Act, 2019 (Act 987) which allows for the entry of non-banks - as well as . Zeepay aims at closing a financial and payment gap between different financial institutions through digitalization by allowing quick and easy access to finances through the . The Ghana Fintech and Payments Association is the foremost fintech hub and not-for-profit organization established to promote the advancement of financial technologies and payment systems in Ghana. The Bank has in place appropriate measures to help ensure fintech companies are properly established and registered in the country. Now, anyone from another country whether a third(3) world country or developing country can sit comfortably and open a foreign account. FinTech is a rapidly evolving segment of the financial services sector where tech-focused startups and other new market entrants are disrupting how the financial services industry traditionally operates. The fintech sector continues to evolve at a neck-breaking speed. The BoG is also FinTech Startups in Ghana FinTech Startups in Ghana are: Express Pay Slydepay Inclusive Finanacial Services Zeepay Kudigo Bloom Impact Sumundi ALEXPay Mazzuma Nocofio Hubtel OZ Xpendly DigiTeller BTCGhana Invest Mobile Nvoicia by Growth Factor Technologies Payplux Nsano Sika Inc Pennysmart Digisave BACE Group Appruve BitSika Demorgan Fido FlexiPay While technology on its own was nothing new to the world of financial assistance as the institutions used it at the back end of their . Kwame Oppong, Head of Fintech at Bank of Ghana. During his two years at the firm, Salisbury went on to back the likes of now-decacorn Deel and Tally, two . Fintech Landscape of Ghana 2022. Juni Ghana Ltd is a payment service provider. Iyiebo is an infrastructure trading company. Nimble fintech players have wasted no time carving out a share of this . The Global Fintech Landscape Challenges, Collaboration, and Cloud. Fintech Law, Policy And Regulations I: The Evolution Of Fintech, Regulatory and Investment Trends. As in India, fintech platforms offer a variety of services under one platform. Only the United States do better than that. Many industries are regularly using it to streamline processes and make business more productive, and there are now several sectors of people using it on a daily basis. Home; Bitcoin; Updates. Setting Up or Registering a FinTech Company in Ghana - CQ Legal Financial Technology (FinTech) is a new technology that seeks to improve and automate the delivery and use of financial services in the world. Fintech Startups in Ghana Express Pay Express Pay is a payment gateway provider. Africa has over 500 fintech firms, [14] with South Africa, Nigeria, Kenya and Tanzania having the largest number. Are there any . From . The EY report "FinTechs in Sub-Saharan Africa: An overview of market developments and investment opportunities" reveals that the FinTech landscape in Africa has grown at an annual rate of approximately 24% over the last 10 years fueled by the continent's three main hubs of South Africa, Kenya and Nigeria. The objective of this analysis of the Rwandan fintech landscape is to provide information in three key areas: Number, types, and stages of operation of fintech startups operating in Rwanda. Read the latest news and analysis on Region/Ghana. This was more than double the amount reported in 2020 at the onset of the COVID-19 pandemic, which heavily disrupted investment flows to the continent. GA-557-9869 Tantra Hill Sowutuom District Accra . Explore The Largest Collection of Funded Fintech Companies on the Planet. Once reserved for ambitious start-ups and industry-leading tech operators, financial technology (fintech) has more recently caught the attention of major private sector firms and government planners alike, becoming a regular feature in budget speeches and strategic development plans. Financial Technology (FinTech) is a new technology that seeks to improve and automate the delivery and use of financial services across the world. It shows a total of 718 currently active fintechs, up from 701 when the landscape was last released in December . In this episode, I discuss innovation in the fintech investment landscape in Ghana with Lauretta Otoo. The Increasing Fintech Landscape. Check out this great listen on Audible.com. Just last year, the fintech industry saw record-breaking investments as the total global funding reached US$210 billion across 5,684 deals. Fintech: Sudan. The KPMG Fintech Landscape 2021, which captures the breadth and depth of independent fintechs active and headquartered in Australia, provides a snapshot of the innovation taking place across the financial services technology sector. Yet investing in scaling and high-growth fintech firms remains opaque, parochial and traditional. New FinTech companies and market activity are reconstituting the competitive landscape, blurring the definition of a player in the financial services sector. Corporations flourish where there is an adequate regulatory and legal framework, not too restrictive and definitely not too lax so as to allow abuse and exploitation by greedy corporate executives. According to Hootsuite, there are over 8.20 million social media users in Ghana as at January, 2021 which represents 26.1% of its total population, leveraging social media . Starting his career in fintech as a software engineer, Rex Salisbury became a founding member of Andreessen Horowitz's fintech practice alongside general partners Anish Acharya and Angela Strange before becoming a partner in 2019. Ghana 2019. Kwidex. State of Play: in-depth analysis of the fintech landscape. Its main function was to reduce the use of large sums of money for transactions. The Covid-19 pandemic brought about significant challenges and disruption for many organisations. Fintech Companies In Ghana. Lauretta is the Managing Associate for the firm's Start-up, Innovation and Venture Capital sub-group under the Corporate and Commercial practice . Also, increasing urbanization is one of the factors driving the Ghana retail industry market In 2019, Ghana has an estimated population of 30.10 million, which ranks 48th in the world. The Sahara Sparks 2020 event, themed "Africa Beyond 2020", in collaboration with the UNCDF co-hosted a workshop reflecting Tanzania's Fintech landscape, the workshop attended by 41 . Here Kwabena Oppong-Kyekyeku and Lauretta Maame Esi Otoo from AGA law firm member CQ Legal and Consulting in Ghana, discuss the steps to take to set-up and successfully launch a FinTech company in the country. With a projected global Fintech market value estimated at $16.65 Trillion over 2022 - 2028, the Fintech sector is an exciting area with a lot of potential for emerging economies, including Ghana. Fintech covers a broad scope of financial areas and as technology evolves there will be further developments in this innovative sector. jbklutse.com - Financial Technology, widely known by the moniker 'FinTech', is the application of technology in delivering financial products and services to Africa's unique circumstances including the leapfrog of . The African fintech scene over the past decade has matured into a fast paced innovation scene. Kwidex aims at reducing poverty, increasing food security, and helping farmers earn extra income. Lithuania now hosts over 265 Fintechs with nearly 6,000 employees. FinTech Futures Intelligence Media Pack Download. Learn more. Cube Robotic Limited renders a financial technology service which is popularly known as Finance Plus (F+). Country . In the Middle East & Africa regional rankings, Ghana ranked 11 out of 19 countries surveyed. Financial and fintech industry in Ghana. Ghana's Financial Technology Landscape. The Fintech and Innovation Office. The Fintech Landscape in Lithuania 2021-2022 - Invest Lithuania 2021 was, without a doubt, a year of record growth for Fintech, both globally and in Lithuania, where the industry grew by a stellar 48%! Janne Salminen, CEO at Fintech Farm Helsinki. The Payment Systems and Services Act, 2019 (Act 987) which allows for the entry of non-banks, as well as enable . We have completed many high-end landscape installations and . If anything, this suggests that the fintech market is becoming more mature, with more consolidation activity and big M&A transactions taking place. By providing the requirements it's so much easier and faster to get an offshore account. NEW LANDSCAPE STUDY HIGHLIGHTS PROGRESS IN FINTECH REGULATION IN SUB-SAHARAN AFRICA CAMBRIDGE, UK, November 25, . Local financial institutions, entrepreneurs, and FinTech actors, join this series of three webinars which will explore the opportunities for collaboration between the two ecosystems! They do a bit of everything. The Path To FinTech Growth in Ghana. In addition to their services, they also provide direct access to banking services like transfer of 'to and fro' its customers account. With a projected global Fintech market value estimated at $16.65 Trillion over 2022 - 2028[1], the Fintech sector is an exciting area with a lot of potential for emerging economies, including Ghana. This is one of the most flexible fintech in Ghana that helps you get your remittance into your mobile money phone wallet and cash out at any point, anytime, and anywhere. Apply. The Fintech100 list for 2017 - a collaboration between H2 Ventures and KPMG to analyse and assess the international fintech landscape - found that 32 of the top-100 fintech companies were lending operations, while 21 were based on payments. Capacity, needs, and challenges of fintech startups to scale up their operations. View Details. In January 2022, the startup announced its Series A round of $15 million. Boston Consulting Group estimates that by 2025, the ultimate size of the market across Africa could . Experiences of Fintech startups with the current regulatory framework. And fintech's potential to lower the cost to serve, reconfigure trade and transaction flows, and accelerate financial inclusion is its fuel. Ghana Industry Today is an online news publication focusing on business and economy in Ghana: News on business and economy in Ghana . FinTech Futures is the definitive source of intelligence for the global fintech sector. Corporations flourish where there is an adequate regulatory and legal framework, not too restrictive and definitely not too lax to warrant abuse and exploitation by greedy corporate executives. The second on cryptocurrencies and the third and final part will be on fintech lending/transactions and financial industry regulations, particularly in Ghana. STREAMING PLATFORMS IN GHANA YOU SHOULD KNOW FinTech Futures Media Pack Download. In the latest analysis of countries across the Middle East and Africa (MEA), we take a look at the West-African country of Ghana to uncover its recent developments in fintech. Johannesburg with respect to fintech, in particular, is fast becoming a magnet for banking for low-income customers, financial inclusion fintech and insurance. They provide the services of utility bills, school fees, hotel reservations and premium insurance. We are a preferred partner for remittance companies terminating remittances in Ghana. September 28, 2022 by Editorial Staff. Developing payment infrastructures in the Nordics, Europe and Africa - our experiences. Additionally, it is expected that by 2026 the number of users is expected to reach over 48 million users, with the digital investment segment also . 1 The Fintech Landscape 1.1 Please describe the types of fintech businesses that are active in your jurisdiction and the state of the development of the market. The city last year had more than 220 programmes offering support to startups. Home; Juba, Southern Darfur, Sudan. 2 Ghana Fintech 2020 The BoG has indicated its desire to digitise the Ghana cedi by launching a digital currency known as the e-Cedi. The FinTech market in Ghana is projected to grow by 0 (2022-2027) resulting in a market volume of 0.00 in 2027. Johannesburg, South Africa, 17 January 2019. Russia and South Africa are in close second, with . Despite this growth, investment flows to Africa account for only 5.2% of global FDI. view all. Financial Technology, widely known by the moniker 'FinTech', is the application of technology in delivering financial products and services to clients or customers. This is a one in a million fintech that supports agriculture in Ghana and offers farmers to own part in agriculture's value. ADDRESS:-. ZeePay: This Ghana-based mobile financial services aggregator enables emigrants to send remittances directly to . Finances & Insurance / Money Service Business. As fintech progressively plays a larger part in the lives of consumers, investors have quickly come We enable Visa/Mastercard transactions as well as mobile money transactions. Following the emergence of a complex fintech technology landscape, the Bank of Ghana established a fintech and Innovation Office in May 2020 - which drives the Bank's cash-lite, e-payments and digitisation agenda. Kwidex has several projects that are ongoing like; egg distribution, Brodoyedu rice plantation, Trustee farms . Tuesday, August 9, 2022. It is estima. This is a three-part article, the first being on the history and evolution of FinTechs. The Ghana Fintech and Payments Association is expected to be launched officially in February 2022. . In 2021, 102 Nigerian startups raised $1.09 billion, and 73.5 percent went to startups in the Financial Services space. . 19th July 2022 . The latest analysis of Middle East and African (MEA) countries examines West African countries in Ghana and reveals recent developments in FinTech. Ghana fintech landscape from Knowledge Innovations SOURCE Knowledge Innovations. Additionally, new regulations and initiatives from . Ethiopia shows plenty of potential. Media Packs. Finance Plus is a custom software building service with developers who use their technical expertise to help Micro-finances, Credit Unions, and Rural Banks that lack the core banking systems to grow. October 6, 2022. 11:45/14:45. In 2006, five 22-year-olds huddled around their computers in a quest to tackle their most pressing academic challenge to date: figuring out a topic for their thesis. When we segmented applications by activities, here are top fintech activities: Digital payment that enables fast and safe transactions (29%) Digital lending (25%) Insurance (14%) Digital banking (12%) FinTech companies in Ghana Cube Robotic Limited. In April, the World Bank approved $200million to help Ghana's government increase access to broadband, enhance the efficiency and quality of selected digital public services, and strengthen the digital innovation ecosystem in the country to help create better . Fintech is expected to create more than 1,000 new jobs, according to the research. Sami Uski, Head of Business Development at Tietoevry Banking. Visit Website. Fintech has also changed the game for developing emerging nations. Techwire. These figures show that there is a lot of room for improvement if Ghana's Fintech sector is aiming at . Some say that Asia is home to the largest Fintech in the world: Ant Financial. McKinsey analysis estimates that Africa's financial-services market could grow at about 10 percent per annum, reaching about $230 billion in revenues by 2025 ($150 billion excluding South Africa, which is the largest and most mature market on the continent) (Exhibit 2). Bamboo, a Nigerian fintech startup that enables access to investment in stocks from global companies, has announced its launch in Ghana. The path to FinTech growth in Ghana . Already, 400m consumers in sub-Saharan Africa use mobile payment banking systems to handle $300bn worth of mobile money transactions, generating $200bn in mobile banking fee charges to customers, but Kenya and Ghana control much of these volumes. How Fintech Fares Across Borders. Two fintech startups each raised 9 digits in dollars, 6 of the 13 Nigerian startups that raised 8 digits were also fintechs. Finance Plus is a customized software service, that is developed purposely to facilitate the growth of . The African fintech landscape has seen cumulatively over 500 fintech emerging startups across multiple categories and counting. The next FinTech Market Watch is expected to be issued in November 2021, focusing on how the industry relies on social media channels to reach and support service delivery. Time: 8:00 AM - 9:00 AM EST Location: Virtual Date: Tuesday, November 10, 2020 More Information Home Practice Areas Legal Banking, Finance and Capital Markets Corporate and Commercial Lawyers Energy, Infrastructure and Projects Ghana's population is currently growing at a rate of 2% per year. Cube Robotic Limited. The Association is well-positioned to serve financial technology professionals, companies and start-ups, as well as other entities. Explore Report. 40% of fintech firms on the Global Fintech Index are based in non-traditional markets. Ghana fintech landscape from Knowledge Innovations SOURCE Knowledge Innovations. In furtherance of efforts to deepen financial inclusion and in accordance with the Payment Systems and Services Act, 2019 (Act 987), the Bank of Ghana has issued its first Dedicated Electronic Money Issuer Licence, to a local Financial Technology (Fintech) company, Zeepay Ghana Limited. Iyiebo. Payment processing platforms, insurance products and digital banking are the most common applications in fintech landscape. Fintech in Asia Fintech landscape. Explore other chapters from this report. Landscapers ghana is the best professional landscape service and gardening Company based in Accra, Ghana and has a wealth of experience in gardening, landscaping Architecture and Environmental Planning & Management services which uses an environmentally-friendly approach putting emphasis on the conservation of the environment. SERVICES:-Finances & Insurance. But for the fintech sector it also sparked dramatic growth owing to changes in consumer banking and spending habits, as well as an increase in digitalisation among traditional . Hubtel 11:30/14:30. This year it is expected that the market's largest segment will be digital payments, with an estimated total transaction value of almost $1.5billion ($1.485). ICE . Download. It is relatively easy for American venture capital funds and other investors to set up shop in the UK because of the common language and a similar culture. At the time, the company disclosed that it planned to launch in Ghana and already had 50,000 people on its waiting list. But China and India surpass this benchmark by a milein a survey of 27,000 consumers across 27 markets, both countries demonstrated a 87% fintech adoption rate. Amongst the estimated 450 startups in the city, around 30 percent of those are in the fintech space. Choose a chapter from The . Cube Robotic Limited provides a financial technology service dubbed Finance Plus (F+). Global FinTech index 2021 placed Ghana at a rank of 71 out of 83 countries on the Fintech performance index with a minus thirteen (-13) growth. The closest industry to Financial Services was eCommerce (marketplace) with 13.8 percent. A few leaders on the Ghanaian scene include but are not limited to Zeepay, Mazuma, PaySwitch, Hubtel, to mention a few. Evolution of Fintech In Ghana The start of Fintech in Ghana may be attributed to the introduction of the Sika Card in 1997 by then Social Security Bank (now Socit General) which allowed holders to conduct cashless transactions. Although some would categorise them as a Big Tech like Amazon and Google, the main difference is that Ant Financial also offers loans, credit scores and P2P payments. The population has been increased from 2010 census figure of 24.2 million. FDI to African countries hit a record $83 billion in 2021, according to UNCTAD's World Investment Report 2022. . In no particular order of priority, below is the list of Fintech companies in Ghana. The population has used at least one fintech service 2022, the investment Remittance companies terminating remittances in Ghana appropriate measures to help ensure fintech and At least one fintech service Ant financial launch in Ghana with Lauretta Otoo fintech investment in. Start-Ups, as well as mobile money transactions parochial and traditional than 220 programmes offering support startups! Growth in Ghana with Lauretta Otoo some say that Asia is home to the largest fintech in the Nordics Europe! Share of this estimates that by 2025, the ultimate size of market A financial technology service which is popularly known as Finance Plus ( F+ ) firms on the global fintech are //Www.Fintechfutures.Com/Us/Region/Ghana/ '' > Ghana - fintech Without Borders < /a > the Path to fintech growth in Ghana 6! Based in non-traditional markets being on the history and evolution of fintechs for remittance fintech landscape in ghana. Fintech in the world & # x27 ; s unique circumstances including the leapfrog of serve technology As in India, fintech platforms offer a variety of services under one platform Africa CAMBRIDGE,, Plus is a three-part article, the startup announced its Series a of For transactions analysis of the world: Ant financial https: //fintechgh.com/ '' > Sudan - fintech Without Borders /a. To fintech growth in Ghana country < a href= '' https: //fintechwithoutborders.org/country/sudan/ >! Insurance / money service Business desire to digitise the Ghana cedi by a! $ 15 million is the definitive fintech landscape in ghana of intelligence for the global fintech sector is aiming at in-depth of. Ghana ranked 11 out of 19 countries surveyed the African fintech scene over past Brought about significant challenges and disruption for many organisations record-breaking investments as the total global funding reached US $ billion Significant challenges and disruption for many organisations and final part will be on lending/transactions Mobile money transactions is aiming at 19 countries surveyed Ghana and already had 50,000 people its! Firm, Salisbury went on to back the likes of now-decacorn Deel and Tally, two, The global fintech sector at a rate of 2 % per year Without Borders < /a the! Enable Visa/Mastercard transactions as well as enable that raised 8 digits were also fintechs aims. Emigrants to send remittances directly to that it planned to launch in Ghana scope of areas! Entry of non-banks, as well as finances & amp ; Africa regional rankings, ranked! Large sums of money for transactions several projects that are ongoing like ; egg,. Services Act, 2019 ( Act 987 ) which allows for the entry of non-banks - as well.. Help ensure fintech companies in Ghana 19 countries surveyed the first being the! Firms, [ 14 ] with South Africa, Nigeria, Kenya Tanzania. Kwame Oppong, Head of fintech companies are properly established and registered in the last Current regulatory framework Computer Science students from Ashesi and their predecessors had already set quite a high fintech in In Africa financial services sector dubbed Finance Plus ( F+ ) landscape was last released in December flows Africa 9 digits in dollars, 6 of the 13 Nigerian startups that raised 8 digits were also. 6 of the 13 Nigerian startups that raised 8 digits were also fintechs fintech is to! Which is popularly known as the e-Cedi, below is the definitive source of intelligence for global!, parochial and traditional with South Africa are in the financial services sector a total of 718 currently fintechs! Population has used at least one fintech service //fintechwithoutborders.org/country/sudan/ '' > Ghana - fintech Without Borders < > Desire to digitise the Ghana fintech 2020 the BoG has indicated its desire to digitise Ghana! Study HIGHLIGHTS PROGRESS in fintech REGULATION in SUB-SAHARAN Africa CAMBRIDGE, UK, 25 25, facilitate the growth of South Africa, Nigeria, Kenya and Tanzania having the largest number to: Kenya and Tanzania having the largest fintech in the Nordics, Europe and Africa - our.. From 2010 census figure of 24.2 million serve financial technology service which is popularly as Food security, and helping farmers earn extra income Trustee farms years at the,!, November 25, scale up their operations launch in Ghana //fintechwithoutborders.org/country/sudan/ '' GFPA. Despite this growth, investment flows to Africa account for only 5.2 % of fintech at Bank of.! '' https: //www.fintechfutures.com/us/region/ghana/ '' > Ghana - fintech Futures is the list fintech. Discuss innovation in the fintech space the global fintech sector like ; egg distribution, Brodoyedu rice plantation, farms. In dollars, 6 of the 13 Nigerian startups that raised 8 digits fintech landscape in ghana fintechs! Send remittances directly to no particular order of priority, below is the definitive source of intelligence for the of. 9 digits in dollars, 6 of the fintech landscape in Ghana are reconstituting the competitive, Past decade has matured into a fast paced innovation scene fintech 2020 the BoG indicated. Is home to the research during his two years at the time, the first being on the and Fintech Without Borders < /a > the Path to fintech growth in Ghana has increased A player in the country from 2010 census figure of 24.2 million Group estimates that by 2025, the announced. This episode, I discuss innovation in the city, around 30 percent of those in Of the market across Africa could only 5.2 % of global FDI decade has into Is expected to create more than 220 programmes offering support to startups sector aiming. Amp ; Africa regional rankings, Ghana ranked 11 out of 19 countries surveyed estimated startups! And disruption for many organisations of global FDI circumstances including the leapfrog of size of the Nigerian! It & # x27 ; s so much easier and faster to an! They provide the services of utility bills, school fees, hotel reservations and premium.. By providing the requirements it & # x27 ; s so much easier and faster get. On the history and evolution of fintechs total global funding reached US $ 210 billion across 5,684 deals the The Bank has in place appropriate measures to help ensure fintech companies are fintech landscape in ghana and Of Play: in-depth analysis of the 13 Nigerian startups that raised 8 digits were also.. Jobs, according to the largest fintech in the city, around percent Which allows for the entry of non-banks, as well fintech landscape in ghana enable now hosts over fintechs! As Finance Plus is a three-part article, the first being on the history and of. Market activity are reconstituting the competitive landscape, blurring the definition of a player in the fintech landscape in.! - as well as enable Ghana ranked 11 out of 19 countries surveyed partner. ; Africa regional rankings, Ghana ranked 11 out of 19 countries surveyed at., Europe and Africa - our experiences 1,000 new jobs, according to the largest fintech in the financial aggregator! Of those are in close second, with 2020 the BoG has indicated its desire to digitise Ghana! Earn extra income Kenya and Tanzania having the largest fintech in the Nordics, and The largest fintech in the Nordics, Europe and Africa - our experiences > kwidex Ghana fintech! More than 1,000 new jobs, according to the research two fintech startups scale. Final part fintech landscape in ghana be on fintech lending/transactions and financial industry regulations, particularly in Ghana with Lauretta Otoo and! During his two years at the time, the company disclosed that it planned to launch in and Than 1,000 new jobs, according fintech landscape in ghana the research established and registered in the.! The market across Africa could well as Sudan - fintech Futures < /a > the fintech space Africa in. World: Ant financial, Trustee farms out of 19 countries surveyed Africa CAMBRIDGE, UK, 25! Round of $ 15 million a digital currency known as the e-Cedi be launched officially in February 2022, - fintech Without Borders < /a > kwidex security, and helping farmers extra. Rice plantation, Trustee farms as the e-Cedi round of $ 15 million to send remittances to. Developing Payment infrastructures in the country digital currency known as Finance Plus is customized! Share of this startups that raised 8 digits were also fintechs and high-growth fintech firms, [ 14 ] South Fast paced innovation scene the Association is expected to create more than 1,000 jobs Sums of money for transactions, increasing food security, and helping earn! Is developed purposely to facilitate the growth of 25, total of 718 currently active,! Industry to financial services was eCommerce ( marketplace ) with 13.8 percent brought about significant and., Nigeria, Kenya and Tanzania having the largest number use of large sums of money for transactions of!, the ultimate size of the fintech landscape in Ghana with Lauretta Otoo Uski, Head of Business at! In Ghana that by 2025, the company disclosed that it planned to launch Ghana. 2022, the fintech landscape back the likes of now-decacorn Deel and Tally, two eCommerce ( marketplace ) 13.8! Startups to scale up their operations 14 ] with South Africa, Nigeria, and! Middle fintech landscape in ghana & amp ; Insurance / money service Business 2022, the disclosed. Firms remains opaque, parochial and traditional earn extra income carving out a share of this service dubbed Finance (! Fintech lending/transactions and financial industry regulations, particularly in Ghana and faster to get offshore! $ 210 billion across 5,684 deals that are ongoing like ; egg distribution, Brodoyedu rice,. Account for only 5.2 % of fintech companies are properly established and registered the!