FinTech in focus at UK-Africa Investment Summit

January 20, 2020 | FinTech
Written by FinTech Alliance
FinTech in focus at UK-Africa Investment Summit

The Prime Minister is making the case for the UK to be an ‘investment partner of choice’ for Africa at today’s summit.

In Brief:

  • Johnson praised the UK’s unique expertise and innovation in technology and finance.

  • The summit brings together 21 African countries and includes companies from the UK and Africa.

  • Alongside the summit, the Catalyst Fund has announced a new £12mn commitment from DIFD’s UK Aid to support FinTech.

What does this mean?

The Catalyst Fund is a FinTech accelerator which will support FinTech growth among 30 startups across Nigeria, Kenya, South Africa and other markets. Created in 2016 with support from JP Morgan and the Bill & Melinda Gates Foundation, Catalyst Fund has accelerated 25 FinTech startups so far.

Read more here.

 

 

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