Fintech Investment and Innovation in African Financial Services: Trends and Drivers
The article was submitted on 29 July 2026, accepted on 15 November 2026, and published on 25 December 2026.
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The article was submitted on 29 July 2026, accepted on 15 November 2026, and published on 25 December 2026.
Amazon executed a $200M acquisition of BNPL lender Axio in early 2025 to expand into Indian digital lending.
Preliminary fundraising figures for European PE/VC funds in H1 2026 reached €67.6bn, representing a 6% increase from the revised H1 2025 figure of €63.8bn.
Asset tokenization serves as a digital financing mechanism converting real asset rights into blockchain-based tokens (page 2).
In the Post-period, AI accounts for around 60% of VC investment volume in the US, compared to roughly 31% in Europe.
Islamic crowdfunding currently accounts for only 3-5% of total FinTech funding in the Arab Gulf region.
The EIF Equity Survey Q3 2026 collected market insights from 682 VC and PE mid-market fund managers across Europe.
Mario Draghi estimated that the EU requires €1.2 trillion of annual investment to compete globally in an integrated market of 450 million people.
Around 70% of respondents reported that the escalation of the conflict in the Middle East negatively affected their business during Q2.
Overall invested capital declined by 15.5% compared to the first half of 2025.
Total incremental fundraising in CEE reached €1.87 billion in 2025, representing a 3% decrease from 2024 but remaining 21% above the previous five-year average.
Private equity and venture capital backed companies employed 151,390 people in Norway in 2024.
Preliminary fundraising figures for Europe in H1 2025 reached €54bn, representing a 19% decline from H1 2024.
The total number of financing rounds fell by 10.1% year-on-year to 124 rounds.
Private equity and venture capital-backed companies employed 199,383 people in Belgium in 2023.
Total fundraising in Europe reached its second-highest year ever at €147bn during 2025, representing a 16% increase from the previous year.
A total of 1,201 VC and PE mid-market fund managers contributed their insights to the annual EIF Equity Survey 2025.
Swiss VC funds allocate an average of 30% of invested capital and 50% of their total number of investments to Swiss start-ups.
Preliminary European private equity fundraising reached €58.5bn in H1 2024, a 16% increase compared to H1 2023 figures.
The exit environment was identified by 21% of respondents as the single most critical challenge facing their venture capital business in 2024.
Biotech attracted the highest amount of capital among all sectors at CHF 405.3 million, representing a 44% increase in invested capital.
Total incremental fundraising in Central and Eastern Europe (CEE) was €818 million in 2023, a 53% decrease from 2022.
Total fundraising in Europe during 2023 reached €132.9bn, representing a 3% decline from the previous five-year average, with 744 funds raising capital.
Total fundraising in Europe reached €120bn during 2024, representing a 12% decrease from the previous year.
reached 483 companies by the close of 2023, reflecting a yearly growth of eleven percent, while Liechtenstein hosted 22 FinTech companies.
A new record of 397 financing rounds was set for Swiss start-ups in 2023.
CEE fundraising rebounded strongly in 2024, reaching €1.42 billion, representing a 66% increase from 2023.
Preliminary H1 2023 fundraising figures for Europe reached €32.9bn, marking a 60% drop compared to the revised H1 2022 figure.
Pessimistic perception of the current fundraising environment was shared by 70% of VC respondents in 2023.
In 2021, there were more than 300 million users of digital payments and more than 30 million users of digital banks across Latin America.