Ghana to Host the 14th Africa Fintech Summit on October 8th

The 14th Africa Fintech Summit will take place in Accra, Ghana, from October 8-10 at the Accra International Conference Centre. Ghana’s fintech sector is witnessing significant growth, with $102 million in equity funding in 2024. The summit will unite industry leaders to discuss the evolving fintech landscape in Africa.

The 14th Africa Fintech Summit is scheduled to be held in Accra, Ghana, from October 8 to October 10 at the Accra International Conference Centre (AICC). This event is significant as Ghana’s fintech sector is experiencing remarkable growth, bolstered by strong investor interest in its rapidly evolving digital financial landscape. The summit will unite key stakeholders to discuss the opportunities and challenges that are shaping the future of fintech across the African continent.

In terms of financial performance, Ghana attracted $102 million in equity funding in 2024, marking a 36% increase from the previous year. The nation was recognized as the fifth largest African startup ecosystem in terms of funding last year, being among only three countries to raise over $50 million in equity funding. Ghana has consistently garnered over $50 million annually since 2019, surpassing $100 million in four of the past six years, a testament to its growing investment appeal.

Fintech transactions within the country surged by 33.4% in the first quarter of 2024, totaling GH₵576.03 billion according to the Bank of Ghana. Additionally, the country reported having 73 million registered mobile money accounts by year’s end, highlighting the success of mobile financial solutions in promoting financial services.

Ghana has established itself as a pivotal fintech hub in Africa, showcasing innovative startups such as Fido, Oze, SecondSTAX, Affinity Africa, and Zeepay. These companies are at the forefront of advancements in payments and lending. Moreover, mobile money services from companies like MTN (MoMo), Vodafone (Vodafone Cash), and AT Ghana (ATMoney) have significantly contributed to enhancing financial inclusion and driving digital transactions.

Looking ahead, the Africa Fintech Summit aims to gather both local and international fintech leaders to engage in discussions surrounding current trends, potential partnerships, and investment opportunities. Registration for attendees is currently open, providing an excellent opportunity for networking and collaboration in the fintech sector.

The upcoming Africa Fintech Summit in Accra from October 8 to 10 reflects Ghana’s burgeoning fintech ecosystem. With significant funding growth and increasing transaction volumes, Ghana positions itself as a vital player in the African fintech landscape. This summit will offer a platform for industry leaders to share insights and explore future opportunities, highlighting the dynamism and potential of the sector.

Original Source: techlabari.com