Africa's fintech sector has experienced substantial growth in recent years, with start-ups addressing a wide range of areas from digital payments and lending to insurtech and cryptocurrencies. 
 McKinsey & Company reports that between 2020 and 2021, the number of tech startups in Africa tripled to approximately 5,200 companies. Nearly half of these are fintechs, striving to disrupt and enhance traditional financial services. In 2022, fintech accounted for 39% of venture capital invested in the continent, attracting US$1.9bn across 217 deals