We’re excited to announce the release of a new report created in collaboration between Norebase and Kora, two leading players in the African tech ecosystem. The report, titled “How to Build and Launch a Fintech Product in Africa,” provides invaluable insights and practical guidance for entrepreneurs and operators looking to enter the rapidly growing fintech market on the continent.
The African fintech industry is brimming with opportunities. With over 350 million people still lacking access to basic financial solutions, the potential for innovative fintech products and services is immense. In 2022 alone, African fintechs raised over $1.4 billion in funding, underscoring the keen interest from investors. And industry analysts project the African fintech market will reach a staggering $65 billion in revenue by 2030.
However, building a successful fintech in Africa is no easy feat. As our report outlines, founders must navigate a complex regulatory landscape, compete with established players, and overcome various operational challenges. That’s where this comprehensive guide comes in.
Speaking to a team of experienced African Tech Players, including Adetola Onayemi (CEO of Norebase), Bukola Gentry (Senior Business Development Lead at OKHi), and Oluwasegun Adeleye of Kora, the report covers a wide range of topics essential for fintech entrepreneurs, such as:
- Regulatory requirements: Understanding the diverse and sometimes overlapping regulatory bodies, licensing fees, and management structure guidelines across different African markets.
- Technological considerations: Determining the optimal engineering stack and leveraging infrastructure solutions to power your fintech product.
- Fraud mitigation: Strategies to minimize fraud and build trust with your customers.
- User acquisition: Effective tactics for acquiring your first 100 users and scaling your customer base.
- Funding and investment: Insights into the fintech investment landscape and securing funding from venture capitalists.
Whether you’re a seasoned fintech founder or just starting your entrepreneurial journey, this report is a must-read.
By downloading the “How to Build and Launch a Fintech Product in Africa” report, you’ll gain actionable insights and invaluable guidance to navigate the complexities of the African fintech market and build a successful, impactful fintech company.
Click here to download the report
