20 Africa-focused startups named in Inclusive Fintech 50

Twenty startups operating in Africa have been named in the Inclusive Fintech 50, a global competition to elevate early-stage fintechs driving financial inclusion.

The competition was run by MetLife Foundation and Visa, in partnership with global non-profit Accion and IFC, with the goal of helping early-stage fintech companies attract capital and resources.

The 50 winners were selected from 400 eligible applicants and demonstrate the power of financial technology to expand access, usage, and quality of financial services in advanced and emerging markets.

Around 30 per cent of the winners provide credit products to underserved segments including MSMEs, and approximately 25 per cent offer infrastructure solutions. Fintech startups offering insurance, payments and remittances services, and savings and personal financial management tools each made up approximately 15 percent of the winners.

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