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2024

Fintech transforms African financial services, but funding costs are obstacle - EIB

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Financial technology (fintech) companies in Africa have nearly tripled in number since 2020, improving access to finance for people and businesses across the continent, says development finance institution EIB's 'Finance in Africa 2024' report. “Fintech is revolutionising the way we think about finance in Africa. By leveraging technology, we can improve access to finance for millions and foster sustainable economic growth,” says EIB VP Thomas Östros.