Fintech startups from Kenya and Nigeria have been named amongst the 50 best emerging fintech companies in the world as part of the annual Fintech 100 report compiled by KPMG and H2 Ventures.
The Fintech 100 report offers an in-depth view of the most exciting tech-enabled financial services startups and organisations globally, with this year’s list featuring fintech companies from 29 countries.
It is divided in two, featuring the top 50 established fintech companies from around the world, and the best emerging 50 fintech startups. All three African companies are in the emerging section.
They include two Nigerian startups, namely payments company Flutterwave and financial management app Riby. Kenyan insurtech startup GrassRoots Bima also makes the list. South African startup Zoona make the previous version of the list.
Fintech is a sector on the rise in Africa, with Disrupt Africa’s recently released Finnovating for Africa report on the continent’s fintech startup scene tracking 301 startups active in the space.