fintech companies in ghana

Kwidex. Installation of white Label cards For a better working of the companies Fintech Token Develop offers the option of the card White Label. Home Practice Areas Legal Banking, Finance and Capital Markets Corporate and Commercial Lawyers Energy, Infrastructure and Projects SERVICES:-Finances & Insurance. Kwami Ahiabenu, II (Ph.D.) Ghana's Financial Technology (FinTech) is growing by leaps and bounds. Our services cover areas such as. In December 2020, the company raised $940,000 from British investors - GoodSoil VCs. Total raised. A Brief Introduction Of Fintech In Ghana Mobile Money And Other Mobile E-Wallets Fintech Startups in Ghana Express Pay Hubtel SlydePay BezoMoney Bit Sika InterPay iPay PennySmart Zeepay Ghana Limited Impact Of FinTech in Ghana Progress of Fintech in Ghana With a 15% growth per annum, McKinsey & Company estimated the revenue potential of Ghanaian Fintech companies to reach $18.6 billion by 2025 if penetration levels reach those of market leaders . Palmpay is also available in Ghana, where it has amassed a user base of over one million . Wefox Ghana has become a West African hub for startups offering financing, networking, and support through a variety of organisations. OISL is at the forefront of delivering transformational nancial services to help transform the lives of clients. Ghana's Fintech Space Key highlights. Accra, Oct. 30, GNA - The second edition of the Digital Banking, Innovation and Fintech Festival by Standard Chartered Bank PLC, which brought together industry players, seasoned experts and practical Fintech innovators from Africa, Singapore, and other parts of Asia has ended in Accra. Properties Portfolio Ghana has many development projects across the nation and provides other essential services such as brokerage services. The Bank of Ghana, the regulatory body for financial institutions is therefore at the heart of the success of the FinTech ecosystem in Ghana. Contact. The Association is well-positioned to serve financial technology professionals, companies and start-ups, as well as other entities. Although it saw decline in total funding raised by the FinTech companies in 2020 compared to 2019 by 62%, it saw a strong recovery in the first quarter of 2021. Services: Cybersecurity IT Strategy Consulting Cloud Consulting + See more. Absa Bank Ghana has announced a GH2.5million grant to support businesses in the Fintech and Agritech industry. Insurtech startups in Ghana are: Insurerity PSYNTHAX Triva BezoMoney Bloom Impact Pennysmart Digisave 1. 6. Twitter . Governance Below are some top-notch Fintech companies in Ghana. Nvoicia Hubtel Top FinTechs In Ghana What else do you know that has gone viral around the world except for fintech? Follow. The company was founded in 2013 and is based in Nigeria, and it has over 5 million customers across Africa and employs over 800 people worldwide. To properly navigate through the Fintech environment, it very essential for the regulator to evaluate the adequacy of its existing organisational structure to support its regulatory activities. Debt Financing. Ghana, Zimbabwe, Kenya, Cote d'voire and The United Kingdom. 3. The Association is well-positioned to serve financial technology professionals, companies and start-ups, as well as other entities. By the mid-1990s, it was estimated between 2 and 4 million Ghanaians (between 10-20% of Ghana's population) were living outside of the country. At Fintech Energy we track over 200,000 fintech startups and over 1,000,000 people who hold key positions in these companies. The Bank of Ghana seeks to achieve an increase in financial inclusion by 75% by the end of 2023. In its 2020 African tech startups funding report, Disrupt Africa identifies 99 fintech companies across 11 countries that raised some form of external funding from investors. It was founded in Uganda but has quickly expanded to now 9 countries across Africa as of 2020. 2. The German digital Bank N26 was founded in 2013 by Valentin Stalf and Maximilian Tayenthal and is currently valued at $3.5 billion. Ghana's fintech ecosystem is one of the most active in the sub-Saharan region, with one of the highest mobile adoption rate and more people having access to traditional financial services. Among the reasons for this growth is a high mobile connection rate (130% in 2020), growing internet penetration rate (48% in 2020) and above average . Category Accounting Founded 2014 Employees 4 Headquarters Hamburg, Germany Country Germany AI AI Credit Scoring All-in-one payment processing platform Alternative finance API Banking While the list includes fairly established startups like Flutterwave, the majority are new ventures with some receiving funding barely six months after launching operations in 2020. N26. What is fintech? In his keynote address at the opening session, H.E. With a projected global Fintech market value estimated at $16.65 Trillion over 2022 - 2028, the Fintech sector is an exciting area with a lot of potential for emerging economies, including Ghana. Trade Republic. 5) Societe Generale Ghana Limited This finance company is situated in Ghana and was known as Social Security Bank before. The Ghana Fintech and Payments Association is the foremost fintech hub and not-for-profit organization established to promote the advancement of financial technologies and payment systems in Ghana. Though the sector saw a substantial drop in quarterly funding for the first three months of 2022, fintech still experienced record deal activity, according to CB Insights.. . It operates as a full-stack fintech company, providing both the front and back end of the payment process. Fintech company in the business of developing technology based solutions that impact how customers interact with money. More than . Key figures and rankings about companies and products. Setting Up or Registering a FinTech Company in Ghana - CQ Legal Financial Technology (FinTech) is a new technology that seeks to improve and automate the delivery and use of financial services in the world. Series A. In furtherance of efforts to deepen financial inclusion and in accordance with the Payment Systems and Services Act, 2019 (Act 987), the Bank of Ghana has issued its first Dedicated Electronic Money Issuer Licence, to a local Financial Technology (Fintech) company, Zeepay Ghana Limited. Fintechs - For private fintech companies, charges vary widely. The fintech sector in Ghana is evolving at an admirable rate as well. Fintech is a booming industry that's on everyone's mind, especially investors.. According to the companies, including telecommunication operators, the e-levy which is expected to take effect from January 2022 would derail [] Below is the List Of Fintechs In Ghana Cube Robotic Limited. Sarp IT Consulting is a standard and world-class IT consulting firm that is located in Chicago, IL And Accra - Ghana. In 2019, Nigeria officially recognized its first FinTech Unicorn with Interswitch, achieving a valuation of $ 1 billion based on a $200million investment from Visa. Following the passage of the Payment Systems and Services Act. ICS Financial Systems (ICSFS) has won the contract to supply its flagship ICS Banks system to BOND. Trade Republic is a mobile-only and commission-free broker that provides investment opportunities. We are consultants specialized in the installation of prepaid card programs for Fintech, Challenger banks and Regtech companies. DusuPay is a global payment gateway focused on international companies expanding to Africa. We've ranked t BezoMoney Technologies Limited. In the introduction stage there was a major lack of collaboration and interoperability was a far . The Greens We are a preferred partner for remittance companies terminating remittances in Ghana. Below are the Fintech Companies In Ghana Mazzuma Bloom Impact PaySwitch BlueSPACE Africa IT Consortium Clydestone Ghana Interbank Payment and Settlement Systems (GhiPSS) DigiTeller PaySail Damansah Logiciel Ghana Inclusive Financial Technologies PennySmart BitSika Hubtel Nvoicia Kwidex Oz ExpressPay Zeepay Ghana Limited iPay Solutions Fintech companies in Nigeria - Fintech has emerged as the new disruptive market force, which has continuously distort the financial services traditional means in Nigeria. It is changing how we save, borrow, and invest money by making digital financial transactions easier and simpler, without the need for a traditional bank. The FinTech ecosystem in Ghana can be characterized as experiencing rapid transition from the "introduction to growth stage". Bizcommunity.com August 2022 marks 21 years of Bizcommunity! 5. Its strength is in serving Forex, Gaming and Money remittance companies from Europe that intend to collect payments from local payment options in Africa like MPESA, MTN mobile money and online Banking. TEAMAPT LIMITED: TeamApt is one of the best Nigerian based financial technology company that has been able to develop online banking and payment platform for financial transactions across Nigeria and beyond. We use this directory of startups to highlight top employees, founders and organisations we think deserve more appreciation than they are currently getting. CUBE's mission is" to Unravel talents for future innovations through technology in Ghana . 11-50. The initiative is part of the Absa Young Africa Works programme in partnership with . Nimble fintech players have wasted no time carving out a share of this . The explosion of fintech companies and startups isn't surprising. Learn more Based out of Nairobi, Nairobi Area, Kenya. 2003 12. . Before applying for a licence, the FinTech company must be a company incorporated under the laws of Ghana and must provide an overview of the company and attach the registration documents from the Registrar General's Department. Cube Robotic Limited . ADDRESS:-. Sanctions for non-compliance have the potential to affect the existence and license of Fintech companies. Eversend in mention is one of the fast growing fintech companies in Africa operating in eight African countries; Ghana, Kenya, Nigeria, Rwanda, South Africa, Swaziland, Tanzania, and Uganda with . Telcos are arguably the leading fintech service providers in Ghana through mobile money services, while commercial banks leverage their large customer bases to stay in the competition. Financial technology (fintech) companies in the country have called on the government to review the imposition of a 1.75% electronic levy (e-levy) on mobile money transactions (MoMo), inward remittances and automated teller machine (ATM) withdrawals. GA-557-9869 Tantra Hill Sowutuom District Accra . For example, Paystack charges 1.95percent on any transaction (including international . McKinsey analysis estimates that Africa's financial-services market could grow at about 10 percent per annum, reaching about $230 billion in revenues by 2025 ($150 billion excluding South Africa, which is the largest and most mature market on the continent) (Exhibit 2). Incorperated in 2015, it remains one of the best in Nigeria. This deal is also noteworthy because it takes attention from Nigeria, Africa's hottest fintech ecosystem, to neighboring Ghana, where venture capital raised by its startups reached a meager $167 . Please use their links to find out more about them. Dr Mahamadu Bawumia, Vice President of the Republic of Ghana, noted that "to position Africa as a fintech innovation hub requires collaboration from all ecosystem players - banks, fintech, telecom companies, governments, regulators and consumers". Zeepay Ghana Limited. In this article, our main focus will be on the list Of Fintech Startups operating in Ghana. Team size 2-9. October 24, 2022. FinTech companies in Ghana Cube Robotic Limited BezoMoney Technologies Limited iPay Solutions Zeepay Ghana Limited ExpressPay Oz Kwidex Nvoicia Hubtel BitSika PennySmart Inclusive Financial Technologies Logiciel Ghana Damansah PaySail DigiTeller Ghana Interbank Payment and Settlement Systems (GhiPSS) Clydestone IT Consortium BlueSPACE Africa Zeepay is Ghanian FinTech startup which focuses on digital rails intended to connect digital assets. Fintech refers to the integration of technology into offerings by financial services companies in order to improve their use and delivery to consumers Nana Yaw Jr. A Techie with a devoted interest in following trendy tech and writing articles SEO Crypto Follower & Investor Tech Media and other things. Following shortly in 2020, Stripe a US-based financial services company agreed to acquire Paystack in a $200million deal, just five years after Paystack was founded. ABOUT US:-Opportunity International Savings and Loans Limited, (OISL) is a leading savings and loans company in Ghana. Fintech is the term that describes the group of new financial technologies designed to enhance and automate the use and delivery of financial services. HERE IS THE LIST OF TOP 10 FINTECH COMPANIES YOU CAN TRUST IN GHANA . View Details Visit Website Country Also existing within this category are ALEXpay, PalmPay, FlexiPay, Mazzuma, ZeePay, etc., which are just a few of the newer payment platforms which will individually be covered in subsequent articles. FinTech Companies Category Country Accounting BillingEngine Cloud invoicing solution for international freelancers and SMEs. It operates in the commercial sector and in the national banking regulations. 0. An Examination Of The Regulatory Framework Of Financial Technology In Nigeria Marcus-Okoko & Co The Financial Technology (fintech) Industry is rapidly developing in Nigeria. It was licensed by the Bank of Ghana in June 2004. Installation of Visa or Mastercard prepaid cards in Fintech companies. Pngme. 29 Aug 2022. . 4) UT Bank Ghana Limited This company is also known as UT Bank and is established in Ghana. Finance, Fintech, Platform Based out of Nairobi, Nairobi Area, Kenya. It has subsidiaries in Western Europe and Africa. Jury is still out there when Ghana will produce a unicorn, however, there is an agreement on the fact that an internationalization strategy is key to a fintech company in Ghana attaining unicorn . The FinTech market in Ghana is projected to grow by 0 (2022-2027) resulting in a market volume of 0.00 in 2027. . PaySwitch. 2. FinTech Startups in Ghana are: Express Pay Slydepay Inclusive Finanacial Services Zeepay Kudigo Bloom Impact Sumundi ALEXPay Mazzuma Nocofio Hubtel OZ Xpendly DigiTeller BTCGhana Invest Mobile Nvoicia by Growth Factor Technologies Payplux Nsano Sika Inc Pennysmart Digisave BACE Group Appruve BitSika Demorgan Fido FlexiPay Invest XD Payswitch Niqao iPay solutions. The fintech ecosystem in Nigeria is largely comprised of businesses focused on mobile payments, digital banking, merchant solutions and personal finance, including wealthtech. The finalists for the 2022 edition, in alphabetical order, are: - Cauri Money, Senegal - DizzitUp, Togo - MaishaPay, Democratic Republic of Congo - Moni Africa, Nigeria - Paycode, South Africa - Touchand Pay, Nigeria This 5th edition of the Ecobank Fintech Challenge, which is sponsored by Arise, will allow all finalists to benefit from Ecobank's Fintech Mentoring Programme. FinTech Egypt is where startups, investors, mentors and financial corporations come together to connect, innovate and create success stories in the FinTech ecosystem in Egypt, with the goal of promoting financial inclusion and making banking services available for all Egyptians. An Overview of the Current Fintech Startup Ecosystem in Ghana Technological disruption in the financial services sector has opened a new marketplace in Ghana to establish fintech companies. Hourly Rate Not revealed. Insurerity Psynthax with the use of machine learning and blockchain technologies has provided a digitized insurance system where insurance activities can easily be tracked and managed by organizations and insurance buyers alike. 1. For their part, FinTech firms develop digital financial services. Ghana Fintech and Payments Association 3,751 followers 2d Report this post Mastercard and Cellulant have partnered to allow millions of consumers across Africa access to the global digital commerce market. Consumer & Brand Reports . I.The Office of the Registrar of Companies (ORC) The registration, operation, and winding up of a business form either as a sole proprietor, partnership, or a company limited or unlimited by shares is regulated by law. The FinTech Ecosystem Payment solution companies such as mobile money services operated by telcos, smartphone applications such as zeepay and expresspay, crowdfunding apps like GoFundMe and Kickstarter, Insuretech, distributed ledger technologies such as blockchain and cryptocurrencies are key components of the FinTech ecosystem. They include Qwikloan, Zeepay, G-money, Slydepay, and eTranzact. Express Pay. In Ghana, there are over 30 unique FinTech services. Juni Ghana Ltd is a payment service provider. Finances & Insurance / Money Service Business. There is no unicorn in Ghana that is Fintech company valued at 1 billion dollars. It has been enlisted in the world top 250 FinTech companies alongside two other Nigerian companies. Presided over by Cina Lawson, Togo's minister of digital economy and transformation, the award is billed as "the largest no-strings attached fintech cash prize" in . All fintech companies in Nigeria. Accra. The two-day event provided a platform to showcase, engage, strategize, and [] March 17, 2022. The raise was the highest disclosed round by any fintech player in the country in 2020. The links leads you to their websites. Then. Accelerex WeeTracker Research brings you a comprehensive list of 9 Ghanian Fintech companies to watch out for. 31st December 2016 Beige Capital in Temenos T24 core banking revamp BOND Savings and Loans, a Ghana-based financial services company, has selected new core banking software provider and system as it is aiming to become a fully-fledged bank in 2017. Widely regarded as the ultimate e-commerce enabler in Ghana, Express Pay has developed a payment gateway solution that brings various payment options under one umbrellaincluding mobile money. FL Brokers - A marca da excelncia no mercado imobilirio. The Ghana Fintech and Payment Association has welcomed the recently launched Bank of Ghana's Regulatory Sandbox, noting that the new initiative goes to further enhance the BoG's stance on openness and commitment to ensuring a stable financial sector. Twitter | Facebook | Linkedin Learn more about their finances on Crunchbase Zoa Tech Limited. Currently, it is the only FinTech with a rewards system that gives back to clients when they pay for goods and services; using the platform. ExpressPay. Last round. Company News. Today, one can think of taking loans, making payments, crowd sourcing and managing financial assets from a mobile phone. Accra , Ghana United States. The Bank of Ghana has partnered with a fintech start-up company called EMTECH to develop this digital innovation to improve Ghana's financial services delivery. When it comes to fintech in Ghana, Zeepay is the name on most people's lips. We enable Visa/Mastercard transactions as well as mobile money transactions. Employee. Here is a list of the Fintech Companies that became Unicorns in Germany - 2022: 1. . The Quantum Group, a company based in Ghana with vertically-integrated operations in the transportation and logistics. Dreamoval is a technology company created in 2007 that specialises in financial transactions in Africa and processes more than 1 million transactions per year. The Bank of Ghana last year published the circular A Summary of Economic and Financial Data, highlighting that the number of active mobile money accounts grew to 17.5 million last February (compared to a year prior in 2020 at 14.7 million. Properties Portfolio Ghana Our service is the definition of luxury. We work with major financial institutions, government agencies and merchants to simplify transactions and streamline your collection process. Paystack is rated one of the top FinTech companies in Nigeria as the company has not less than 17,000 business clients such as Betway, MTN, IrokoTV, Domino and Taxify. The Ghana Fintech and Payments Association is the foremost fintech hub and not-for-profit organization established to promote the advancement of financial technologies and payment systems in Ghana. It was founded in 2012 and has since developed praise-worthy properties and estates for middle to high-income earners. Founded. 2019 (Act 987)and the publication of Notice number BG/GOV/SEC/2020/07 on Licensing Application Pack for Payment Service Providers, the Bank of Ghana announces for the information of the general public that the institutions listed below have received regulatory approval to operate as payment service providers: Address: 4 th and 5 th Floor Fortune Towers, 27/29 Adeyemo Alakija Street, Victoria Island, Lagos, Nigeria . iPay Solutions Zeepay Ghana Limited ExpressPay Oz Kwidex Nvoicia Hubtel BitSika PennySmart Inclusive Financial Technologies Logiciel Ghana Damansah PaySail DigiTeller Bizcommunity.com #FestiveTogether: Joining in wishing you all a blessed festive season 15 Dec 2021. Funding M&A Sectors Events Scoop Contact Explore The Largest Collection of Funded Fintech Companies on the Planet Fintech: Sudan Iyiebo Juba, Southern Darfur, Sudan Iyiebo is an infrastructure trading company. Total investment has already surpassed the figure recorded for the whole of 2020 by 15%. The country's highly skilled workforces supported by a [] A problem-solver like no other except Cube Robotics Limited uses artificial intelligence and robotics to create financial solutions for people in Ghana. Its Bank Direct service allows users . Impact President of the association, Martin Kwame Awagah, said: "the Bank . Download Apply October 6, 2022 A Nigeria-based fintech, Touch and Pay Technologies Ltd (YC W22), has won a $50 000 cash prize in this year's edition of the Ecobank Fintech Challenge.This announcement was made at the bank's headquarters in Lom, Togo. It recorded 241 fintech deals in 2019, bringing in $2.7 billion of investment. The partnership would enable customers to pay globally with Mastercard's virtual payment solution linked to a Cellulant wallet named Tingg. 0. 3. The FinTech Ecosystem Payment solution companies such as mobile money services operated by telcos, smartphone applications such as zeepay and expresspay, crowdfunding apps like GoFundMe and Kickstarter, Insuretech, distributed ledger technologies such as blockchain and cryptocurrencies are key components of the FinTech ecosystem.

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