Yoco’s Marcello Schermer says the next test for African fintech is smarter tools
- Marcello Schermer advocates for fintechs to become financial partners that guide customers in real-time.
- Africa hosts over 5,000 startups, with fintech attracting over 40% of funding despite a global venture capital slowdown.
- Traditional banks are being replaced by mobile wallets and digital kiosks, transforming everyday commerce.
The evolution of fintech in Africa represents a significant opportunity for innovation and economic growth. However, as the sector matures, it is crucial for startups to navigate the balance between partnership and ownership while ensuring ethical use of technology, particularly AI, to maintain consumer trust.
