My Life In Tech: Gen Z is demanding transparency in fintech. Here’s how Raenest is delivering
- Victor Alade, co-founder of Raenest, emphasizes Gen Z's pragmatic approach to financial services.
- Gen Z accounts for 31.2% of Africa's population and has a spending power equal to Millennials.
- 36% of Gen Z individuals prefer fintech services over traditional banks for online payments.
The rise of Gen Z entrepreneurs in the fintech space signifies a critical shift in how financial services are perceived and utilized. Their focus on transparency, compliance, and user experience is not just a trend but a necessary evolution in an increasingly digital world. Traditional banks must adapt quickly or risk losing relevance as younger generations prioritize speed and efficiency.
