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Why Africa’s fintech start-ups are losing the fight for survival

Africa Fintech startups are struggling. Photo @Pexels
Africa Fintech startups are struggling. Photo @Pexels
  • Funding dries up as fintech saturation deepens
  • Trust, licensing, and visibility choke new entrants

 

ABIDJAN, IVORY COAST – Africa’s fintech boom is showing cracks, as start-ups across West Africa struggle to survive in saturated markets dominated by well-funded incumbents.

Once celebrated as the continent’s most dynamic innovation frontier, fintech is increasingly becoming a graveyard of stalled ambition – where promising ideas collide with structural barriers, regulatory friction, and a brutal fight for market share.

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