ADD™
Mar 12, 2025
Africa's fintech sector is booming, driven by high mobile phone usage and a large unbanked population.
This growth is projected to reach $230 billion by 2025 (excluding South Africa). Key areas include mobile money, payment solutions, lending, and "Buy Now, Pay Later" services. Overall, Africa presents a complex investment landscape.
While FDI can be volatile, sectors like fintech, renewable energy, and agribusiness show promise. Challenges such as KYC/KYB compliance remain.
The African Continental Free Trade Area (AfCFTA) is expected to boost intra-African trade. Platforms like ADD™ are emerging to facilitate secure business interactions by providing tiered verification services to build trust.
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