Africa currently hosts around 500 fintech firms, most of them in South Africa, Nigeria, and Kenya. The opportunities for them are vast as around two-thirds of Africans are still unbanked, despite 60% of the world’s mobile money passing through Africa. Johannesburg-headquartered investment bank Verdant Capital is one of the largest advisors to the fintech sector in Africa. Its managing director Edmund Higenbottam joined us to talk about the rise of the sector and its attractiveness to investors.
Listen to the whole interview with Edmund Higenbottam on the African Business magazine podcast.