The 14th Africa Fintech Summit will take place in Accra, Ghana, from October 8-10, 2024, at AICC. The summit will address the booming fintech sector in Ghana, which secured $102 million in equity funding in 2024. Ghana is a leading fintech hub in Africa, with significant mobile money account registrations and transaction growth. The summit aims to discuss trends, partnerships, and investment opportunities in fintech.
The 14th Africa Fintech Summit is scheduled to occur from October 8 to 10, 2024, at the Accra International Conference Centre (AICC) in Accra, Ghana. This event is pivotal as Ghana’s fintech sector is experiencing significant growth, attracting considerable investor interest and fostering a rapidly expanding digital financial ecosystem. Key industry players will convene to explore the opportunities and challenges that will shape the future of fintech in Africa.
In terms of financing, Ghana impressively secured $102 million in equity funding in 2024, marking a 36% increase compared to the previous year, according to Partech. Last year, Ghana ranked fifth in the African startup ecosystem for funding, becoming one of only three countries to surpass $50 million in equity funding. The nation has consistently attracted over $50 million annually since 2019, exceeding $100 million in four of the last six years.
The growth of fintech transactions in Ghana is notable, with a 33.4% increase reported in the first quarter of 2024, amounting to GH₵576.03 billion as indicated by the Bank of Ghana. Furthermore, by the end of 2024, Ghana registered 73 million mobile money accounts reflecting the rising engagement in digital financial services across the country.
Ghana has emerged as a significant fintech hub within Africa, spearheaded by innovative startups such as Fido, Oze, SecondSTAX, Affinity Africa, and Zeepay, which are making strides in payments and lending. Moreover, mobile money services offered by MTN (MoMo), Vodafone (Vodafone Cash), and AT Ghana (ATMoney) are instrumental in advancing financial inclusion and enhancing digital transaction capabilities in the region.
The upcoming summit will gather both local and global fintech leaders to deliberate on emerging trends, potential partnerships, and investment opportunities within the industry. Registration for the Africa Fintech Summit is currently open, inviting participation from various stakeholders in the fintech ecosystem.
The 14th Africa Fintech Summit will provide a crucial platform for discussion and collaboration among industry leaders in Ghana, a country recognized for its flourishing fintech sector. With robust growth in equity funding and mobile money usage, Ghana stands at the forefront of fintech innovation in Africa. Stakeholders are encouraged to engage in this summit to foster partnership opportunities and tackle the challenges ahead.
Original Source: techlabari.com
