
Our latest analysis at Briter Intelligence shows that capital flows only tell part of the story in African fintech. It is also useful to look at how value is shared between banks, telcos, and fintechs across different markets.
In Egypt, Kenya, Nigeria, and South Africa (which together account for over 60% of Africa’s fintech funding), banks, telcos, and fintechs play different roles. In some markets, banks own the rails and liquidity while fintechs own the product interface. In others, telcos control everyday payments and distribution. This piece breaks down where each player actually holds leverage, how regulation is reshaping that balance, and what that means for the kinds of business models that can scale beyond standalone products.
Read the full article here: briter.co/insights/artic…

English





















