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15 FinTech Startups Boosting Financial Inclusion in Africa

Did you know that out of the 17 Sustainable Development Goals set forth by the United Nations, seven pertain to financial inclusion? Unfortunately, even in 2019, financial inclusion remains one of the most critical challenges faced by countries – especially developing ones – around the globe. Both private players and policymakers are looking to tackle this issue through improved regulation for the underserved, increased funding for amenities such as electricity and internet, and encouraging scalable solutions through FinTech. Despite this, data shows us that 1.7 billion people globally still lack a bank account. And when we think of underserved, one of the first regions that come to mind is Africa.

However, from the ‘glass-half-full perspective,’ Africa may be termed a success story. How? Today, as per research by Mastercard and International ...

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