The source adds the following information:
"Fintech - financial technology - is an umbrella term used to describe tech-enabled solutions disrupting traditional financial services, and challenging incumbent service providers. While increasingly, many companies include an element of fintech in their work, and incumbents launch fintech-esque products in-house, this report focuses on startups with a fintech solution at the core of their business.
So, for example, while an e-commerce platform which accepts payments is not a fintech startup for the purposes of this report; an agri-tech company operating a crowdfunding solution specifically for farmers is considered a fintech venture. A fintech product rolled out by a bank or established company will not be included in this report even if it self-refers as a startup".
Citation formats
Number of fintech startups in Africa 2023, by country
In 2023, *** fintech startups were located in Nigeria. The country counted the highest number of such companies in the Africa region. South Africa followed closely with *** fintechs, while other *** had headquarters in Kenya. Together, the three countries harbored roughly ** percent of African fintechs, which in total amounted to *** companies as of the same year.
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Disrupt Africa. (June 30, 2023). Number of fintech startups in Africa as of H1 2023, by country [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 04, 2026, from /statistics/1252512/number-of-fintech-startups-in-africa-by-country/
Disrupt Africa. "Number of fintech startups in Africa as of H1 2023, by country." Chart. June 30, 2023. ÌÇÐÄÆƽâ°æ. Accessed August 04, 2026. /statistics/1252512/number-of-fintech-startups-in-africa-by-country/
Disrupt Africa. (2023). Number of fintech startups in Africa as of H1 2023, by country. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 04, 2026. /statistics/1252512/number-of-fintech-startups-in-africa-by-country/
Disrupt Africa. "Number of Fintech Startups in Africa as of H1 2023, by Country." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 30 Jun 2023, /statistics/1252512/number-of-fintech-startups-in-africa-by-country/
Disrupt Africa, Number of fintech startups in Africa as of H1 2023, by country ÌÇÐÄÆƽâ°æ, /statistics/1252512/number-of-fintech-startups-in-africa-by-country/ (last visited August 04, 2026)
Number of fintech startups in Africa as of H1 2023, by country [Graph], Disrupt Africa, June 30, 2023. [Online]. Available: /statistics/1252512/number-of-fintech-startups-in-africa-by-country/
