The report highlighted fintech as the most powerful force in African tech, with 205 fintech startups (32.4% of the total) raising an extraordinary US$1,446,794,000 – 43.4% of the continental total. However, the growth of the fintech space should not detract from positive developments in other sectors, such as e-commerce and retail-tech, and e-health, which are well-established in second and third place and growing at a faster rate than fintech. With funding snowballing more quickly than fintech in areas such as entertainment, marketing, transport, recruitment, agri-tech, e-commerce and health, we can expect to see fintech’s lead further cut in the coming years.
Source:
www.pulse.com.gh
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