Four hurdles facing African fintechs’ $30bn growth projection

The African fintech industry has the potential to surge to $30 billion by 2025, according to a McKinsey report recently released. However, achieving this growth would depend on how they overcome four critical challenges they are currently facing.

Data obtained from the report showed the industry, currently valued at $4 billion to $6 billion, has grown significantly as a result of increased investments in fintech startups.