Why are Fintechs Disruptive?
Fofou Fanny 13 Sept. 2023
We have been hearing talks about Fintechs for some years now, especially on how it is making a difference in the financial industry. However we can’t stop asking ourselves what exactly is Fintech? Why are Fintech companies disruptive in the financial industry?
As per the table, this is why Fintechs are disruptive: they couple speed to convenience to service a larger customer base compared to traditional banks.
Fintech Landscape Worlwide
Fofou Fanny 26 Sept. 2023
Fintech has had a tremendous impact on the financial industry. That is undeniable. However, the impact differs depending in which regions of the world Fintechs perform. This is due to the fact that all regions in the world do not experience the same financial inclusion.
Trending Fintechs is Central Africa (ECCAS)
Fofou Fanny 5 Oct. 2023
According to Tracxn (https://tracxn.com/d/explore/fintech-startups-in-central-africa/__giCu69LvGbU7cFiY4hLvCXW9CWZ3n-xBPhDuPjol11o/companies) , Central Africa has more than 160 fintech companies and startups. Of these, our focus shall be on the top 10 of Trending Fintechs in the ECCAS Region (Economic Community of Central African States). ECCAS groups 11 countries which are Angola, Burundi, Cameroon, Central African Republic, Chad, Congo, Democratic Republic of the Congo, Equatorial Guinea, Gabon, Rwanda and Sao Tome and Principe.
There are clearly 2 countries in ECCAS driving the Fintech industry: Cameroon and Rwanda. Most of these Fintechs tend to focus on payments solutions or savings issues.