The 14th Africa Fintech Summit is taking place in Accra, Ghana, from October 8-10, 2024. Ghana’s fintech sector saw $102 million in equity funding in 2024, marking a 36% increase. The event will gather industry leaders to discuss challenges and opportunities while advancing discussions on trends and partnerships within the sector.
The 14th Africa Fintech Summit is scheduled to take place in Accra, Ghana, from October 8 to 10, 2024, at the Accra International Conference Centre. This important event will highlight the progress and potential of Ghana’s rapidly growing fintech sector. With strong investment interest, the summit aims to gather industry leaders to discuss the opportunities and challenges that are defining the future of fintech across the continent.
In terms of financial performance, Ghana secured $102 million in equity funding in 2024, representing a substantial 36% increase compared to the previous year, as reported by Partech. Last year, Ghana ranked as the fifth most-funded African startup ecosystem, becoming one of only three countries to raise over $50 million in equity financing. This trend of attracting over $50 million each year has been consistent since 2019, with Ghana surpassing $100 million in four out of the last six years.
Fintech transactions in Ghana experienced remarkable growth, reaching GH₵576.03 billion in the first quarter of 2024—a 33.4% increase. By the end of 2024, Ghana recorded 73 million registered mobile money accounts, underscoring the rapid expansion of digital financial services in the country. Ghana is recognized as a vital fintech hub in Africa, with innovative startups such as Fido, Oze, SecondSTAX, Affinity Africa, and Zeepay making significant strides in payment and lending solutions.
Leading mobile money services, including MTN’s MoMo, Vodafone Cash, and AT Ghana’s ATMoney, have significantly contributed to enhancing financial inclusion and increasing digital transaction volumes. The upcoming summit will provide a platform for both local and international fintech leaders to explore trends, forge partnerships, and identify investment opportunities in this dynamic sector.
Registration for the Africa Fintech Summit is currently open, inviting participants to engage in discussions that will shape the future of fintech in Africa. This summit represents a significant opportunity to propel Ghana and the broader African fintech landscape into an era of unprecedented growth and innovation.
In summary, the 14th Africa Fintech Summit in Ghana serves as a pivotal platform for discussing the expanding fintech sector in the country, characterized by substantial investments and partnerships. Ghana’s remarkable financial achievements and growth in mobile money account registrations position it as a leading fintech hub on the continent. The summit will facilitate vital discussions among industry leaders to further advance the fintech landscape in Africa.
Original Source: techlabari.com
