Investment into African fintech continues unabated. This time in it’s into a fintech category that was once a forerunner, but in recent years has tapered off in favour of peer-to-peer lending, neo banking and payment platforms. Wave, a Senegalese mobile money provider, have recently become Francophone Africa’s first unicorn (valued at more than $1 billion) and the fifth unicorn across the entire continent. The other four being Interswitch, Fawry,
Francophone Africa's first unicorn
Investment into African fintech continues unabated. This time in it’s into a fintech category that was once a forerunner, but in recent years has tapered off in favour of peer-to-peer lending, neo banking and payment platforms. Wave, a Senegalese mobile money provider, have recently become Francophone Africa’s first unicorn (valued at more than $1 billion) and the fifth unicorn across the entire continent. The other four being Interswitch, Fawry,