Ghana to Host the 14th Africa Fintech Summit from October 8-10, 2024

The 14th Africa Fintech Summit will take place from October 8-10, 2024, in Accra, Ghana. The event will focus on the country’s booming fintech sector, which saw $102 million in equity funding in 2024. Notable growth in transactions and mobile money accounts highlights Ghana’s status as a fintech leader in Africa. The summit is open for registration and aims to facilitate discussions among industry leaders.

The 14th Africa Fintech Summit is scheduled to occur in Accra, Ghana, from October 8 to October 10, 2024, at the Accra International Conference Centre (AICC). This significant event aims to highlight the growth and potential of Ghana’s fintech sector, which is experiencing exceptional investor interest and a rapidly evolving digital financial landscape. The summit will gather influential industry figures to examine both opportunities and challenges impacting the future of fintech within the African continent.

In 2024, Ghana attracted $102 million in equity funding, reflecting a 36% increase compared to the previous year, as reported by Partech. Ranking as the fifth most-funded startup ecosystem in Africa last year, Ghana is one of only three countries that have secured over $50 million in equity funding. Since 2019, the nation has consistently garnered annual investments exceeding $50 million, achieving over $100 million in four out of the last six years.

During the first quarter of 2024, fintech transactions surged by 33.4%, accumulating a total of GH₵576.03 billion, according to data from the Bank of Ghana. By the end of 2024, Ghana reported 73 million registered mobile money accounts, underscoring its position as a leading fintech hub in Africa. Innovative startups such as Fido, Oze, SecondSTAX, Affinity Africa, and Zeepay are at the forefront of advancing payment and lending solutions.

Mobile money services, including MTN’s MoMo, Vodafone’s Vodafone Cash, and AT Ghana’s ATMoney, have significantly contributed to financial inclusion and facilitated digital transactions throughout the country. The upcoming summit will gather both local and international fintech leaders to discuss emerging trends, forge partnerships, and explore investment prospects within the industry. Registration for the Africa Fintech Summit is currently open, inviting interested participants to engage in this pivotal discussion.

The 14th Africa Fintech Summit in Accra promises to be a landmark event showcasing Ghana’s burgeoning fintech landscape. With impressive growth in equity funding and mobile money transactions, Ghana solidifies its status as a premier fintech hub in Africa. Industry stakeholders are poised to collaborate on shaping the future of digital finance, expanding financial inclusion, and fostering innovation across the continent.

Original Source: techlabari.com