Sanctions for non-compliance have the potential to affect the existence and license of Fintech companies. Here is a list of the Fintech Companies that became Unicorns in Germany - 2022: 1. 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. Nimble fintech players have wasted no time carving out a share of this . 11-50. In this article, our main focus will be on the list Of Fintech Startups operating in Ghana. Series A. 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. SERVICES:-Finances & Insurance. Key figures and rankings about companies and products. In Ghana, there are over 30 unique FinTech services. Ghana, Zimbabwe, Kenya, Cote d'voire and The United Kingdom. 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. The Association is well-positioned to serve financial technology professionals, companies and start-ups, as well as other entities. Installation of Visa or Mastercard prepaid cards in Fintech companies. Follow. Fintech is a booming industry that's on everyone's mind, especially investors.. Download Apply October 6, 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 2. 31st December 2016 Beige Capital in Temenos T24 core banking revamp The fintech sector in Ghana is evolving at an admirable rate as well. 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. 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. The FinTech market in Ghana is projected to grow by 0 (2022-2027) resulting in a market volume of 0.00 in 2027. . 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. 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. Contact. Ghana Fintech Firms map 2022. 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. 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.. The Greens Address: 4 th and 5 th Floor Fortune Towers, 27/29 Adeyemo Alakija Street, Victoria Island, Lagos, Nigeria . 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. Home Practice Areas Legal Banking, Finance and Capital Markets Corporate and Commercial Lawyers Energy, Infrastructure and Projects 3. 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. 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. GA-557-9869 Tantra Hill Sowutuom District Accra . BezoMoney Technologies Limited. Learn more Absa Bank Ghana has announced a GH2.5million grant to support businesses in the Fintech and Agritech industry. 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. 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 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 ADDRESS:-. 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 . At Fintech Energy we track over 200,000 fintech startups and over 1,000,000 people who hold key positions in these companies. Accelerex 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 . 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. 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". Then. The partnership would enable customers to pay globally with Mastercard's virtual payment solution linked to a Cellulant wallet named Tingg. iPay solutions. OISL is at the forefront of delivering transformational nancial services to help transform the lives of clients. Debt Financing. Dreamoval is a technology company created in 2007 that specialises in financial transactions in Africa and processes more than 1 million transactions per year. 0. What is fintech? We enable Visa/Mastercard transactions as well as mobile money transactions. Based out of Nairobi, Nairobi Area, Kenya. It was founded in Uganda but has quickly expanded to now 9 countries across Africa as of 2020. President of the association, Martin Kwame Awagah, said: "the Bank . . It operates in the commercial sector and in the national banking regulations. View Details Visit Website Country The explosion of fintech companies and startups isn't surprising. The initiative is part of the Absa Young Africa Works programme in partnership with . 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. The links leads you to their websites. 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. Today, one can think of taking loans, making payments, crowd sourcing and managing financial assets from a mobile phone. FinTech Companies Category Country Accounting BillingEngine Cloud invoicing solution for international freelancers and SMEs. 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. Fintech company in the business of developing technology based solutions that impact how customers interact with money. 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. We use this directory of startups to highlight top employees, founders and organisations we think deserve more appreciation than they are currently getting. More than . Below is the List Of Fintechs In Ghana Cube Robotic Limited. 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. Properties Portfolio Ghana Our service is the definition of luxury. Services: Cybersecurity IT Strategy Consulting Cloud Consulting + See more. Consumer & Brand Reports . Trade Republic is a mobile-only and commission-free broker that provides investment opportunities. Zeepay Ghana Limited. 29 Aug 2022. An Examination Of The Regulatory Framework Of Financial Technology In Nigeria Marcus-Okoko & Co The Financial Technology (fintech) Industry is rapidly developing in Nigeria. Finance, Fintech, Platform Based out of Nairobi, Nairobi Area, Kenya. It was licensed by the Bank of Ghana in June 2004. 2003 12. . It has been enlisted in the world top 250 FinTech companies alongside two other Nigerian companies. The Bank of Ghana seeks to achieve an increase in financial inclusion by 75% by the end of 2023. . March 17, 2022. 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. 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. It was founded in 2012 and has since developed praise-worthy properties and estates for middle to high-income earners. 4) UT Bank Ghana Limited This company is also known as UT Bank and is established in Ghana. Ghana has become a West African hub for startups offering financing, networking, and support through a variety of organisations. FL Brokers - A marca da excelncia no mercado imobilirio. The fintech ecosystem in Nigeria is largely comprised of businesses focused on mobile payments, digital banking, merchant solutions and personal finance, including wealthtech. Following the passage of the Payment Systems and Services Act. 2. October 24, 2022. 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. Company News. Bizcommunity.com August 2022 marks 21 years of Bizcommunity! Employee. Nvoicia Hubtel Top FinTechs In Ghana What else do you know that has gone viral around the world except for fintech? In December 2020, the company raised $940,000 from British investors - GoodSoil VCs. 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. ExpressPay. 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. We are consultants specialized in the installation of prepaid card programs for Fintech, Challenger banks and Regtech companies. The FinTech ecosystem in Ghana can be characterized as experiencing rapid transition from the "introduction to growth stage". The German digital Bank N26 was founded in 2013 by Valentin Stalf and Maximilian Tayenthal and is currently valued at $3.5 billion. Trade Republic. Twitter . Our services cover areas such as. Team size 2-9. 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 The Association is well-positioned to serve financial technology professionals, companies and start-ups, as well as other entities. According to the companies, including telecommunication operators, the e-levy which is expected to take effect from January 2022 would derail [] Bizcommunity.com #FestiveTogether: Joining in wishing you all a blessed festive season 15 Dec 2021. HERE IS THE LIST OF TOP 10 FINTECH COMPANIES YOU CAN TRUST IN GHANA . 0. Ghana's Fintech Space Key highlights. 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 . A problem-solver like no other except Cube Robotics Limited uses artificial intelligence and robotics to create financial solutions for people in Ghana. Twitter | Facebook | Linkedin Learn more about their finances on Crunchbase Zoa Tech Limited. 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. Incorperated in 2015, it remains one of the best in Nigeria. Total investment has already surpassed the figure recorded for the whole of 2020 by 15%. It has subsidiaries in Western Europe and Africa. Sarp IT Consulting is a standard and world-class IT consulting firm that is located in Chicago, IL And Accra - Ghana. 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. Last round. Fintech is the term that describes the group of new financial technologies designed to enhance and automate the use and delivery of financial services. 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. CUBE's mission is" to Unravel talents for future innovations through technology in Ghana . It recorded 241 fintech deals in 2019, bringing in $2.7 billion of investment. Its Bank Direct service allows users . In 2019, Nigeria officially recognized its first FinTech Unicorn with Interswitch, achieving a valuation of $ 1 billion based on a $200million investment from Visa. PaySwitch. Kwidex. It operates as a full-stack fintech company, providing both the front and back end of the payment process. They include Qwikloan, Zeepay, G-money, Slydepay, and eTranzact. 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. Cube Robotic Limited . 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. 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