Africa: The Largest Unserved Market Dropped out of Sight of the Financial System

Although Africa’s startup ecosystem aiming to foster financial inclusion on the continent has been actively growing, the vast majority of the population in the developing region remains excluded from the international financial system.

According to some estimations, ~330 million adult Africans, approximately 80% of the continent’s population, lack access to formal financial services, which signifies tremendous opportunities for financial technology companies that are ready to embrace them. And there even are industries that are particularly advanced in terms of adoption scale and of particular attractiveness to entrants.

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