Setting Up or Registering a FinTech Company in Ghana Fintech License 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. Team size 2-9. It recorded 241 fintech deals in 2019, bringing in $2.7 billion of investment. 2. It was founded in 2012 and has since developed praise-worthy properties and estates for middle to high-income earners. The FinTech market in Ghana is projected to grow by 0 (2022-2027) resulting in a market volume of 0.00 in 2027. . 6. What is Fintech? Examples of Types, Products & Regulations The Future of Finance: Regulatory insights from two (2) Fintech reports 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 . Please use their links to find out more about them. 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. The Quantum Group, a company based in Ghana with vertically-integrated operations in the transportation and logistics. Nvoicia Hubtel Top FinTechs In Ghana What else do you know that has gone viral around the world except for fintech? Vice President commends stakeholders as Fintech Festival ends in Accra 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. Services: Cybersecurity IT Strategy Consulting Cloud Consulting + See more. October 24, 2022. 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. Kwami Ahiabenu, II (Ph.D.) Ghana's Financial Technology (FinTech) is growing by leaps and bounds. Trade Republic. 12 African fintech startups to watch in 2021 | TechCabal Ghana's 42 Fastest Growing FinTech Startups - Fintech Energy 2. We've ranked t Ghana has become a West African hub for startups offering financing, networking, and support through a variety of organisations. Bank of Ghana Licenses First Fintech - Bank of Ghana Best Fintech Companies In Nigeria 2022: Top 10 - Bscholarly 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. 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. Below is the List Of Fintechs In Ghana Cube Robotic Limited. For example, Paystack charges 1.95percent on any transaction (including international . Zeepay is Ghanian FinTech startup which focuses on digital rails intended to connect digital assets. Fintechs - For private fintech companies, charges vary widely. It has subsidiaries in Western Europe and Africa. 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. FinTech Companies Category Country Accounting BillingEngine Cloud invoicing solution for international freelancers and SMEs. Fintech Companies in Germany | Full List 2022 - CFTE Impact 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. Ghana's Fintech Space Key highlights. 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. 0. Insurtech startups in Ghana are: Insurerity PSYNTHAX Triva BezoMoney Bloom Impact Pennysmart Digisave 1. There is no unicorn in Ghana that is Fintech company valued at 1 billion dollars. Vice President commends stakeholders as Fintech Festival ends in Accra The Greens 3. Fintech in Africa: The end of the beginning | McKinsey Trade Republic is a mobile-only and commission-free broker that provides investment opportunities. Fintech Landscape of Ghana 2022 | The Fintech Times Ghana - FinTech Futures Kwidex. 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. Fintech Companies In Ghana Ghana Insider GFPA In this article, our main focus will be on the list Of Fintech Startups operating in Ghana. List of top Startups in Ghana StartupList Africa Palmpay is also available in Ghana, where it has amassed a user base of over one million . Fintech is the term that describes the group of new financial technologies designed to enhance and automate the use and delivery of financial services. What is fintech? Fintech companies in Nigeria - Fintech has emerged as the new disruptive market force, which has continuously distort the financial services traditional means in Nigeria. Juni Ghana Ltd is a payment service provider. 3. 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. Top 10+ IT Companies in Ghana (2022) - TechBehemoths Incorperated in 2015, it remains one of the best in Nigeria. 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. FL Brokers - A marca da excelncia no mercado imobilirio. 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. Express Pay. Sanctions for non-compliance have the potential to affect the existence and license of Fintech companies. In Ghana, there are over 30 unique FinTech services. Contact. 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". 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. 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. Setting up or registering a FinTech company in Ghana - Alliott Global 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. SERVICES:-Finances & Insurance. The two-day event provided a platform to showcase, engage, strategize, and [] Total raised. Ghana's Financial Technology (FinTech) state of play 2022 Wefox List of Approved Electronic Money Issuers and Payment - Bank of Ghana N26. The fintech ecosystem in Nigeria is largely comprised of businesses focused on mobile payments, digital banking, merchant solutions and personal finance, including wealthtech. Home Practice Areas Legal Banking, Finance and Capital Markets Corporate and Commercial Lawyers Energy, Infrastructure and Projects Download Apply October 6, 2022 Employee. Fintech Companies in Canada | Full List 2022 - CFTE Fintech in Ghana: Key Figures - INVYO Insights Africa View Details Visit Website Country 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 . Top Saving and Loans Companies in Ghana List 2022 Updated All InsurTech Startup Companies in Ghana OISL is at the forefront of delivering transformational nancial services to help transform the lives of clients. Our services cover areas such as. The Bank of Ghana seeks to achieve an increase in financial inclusion by 75% by the end of 2023. Ghanaian fintech Dash raises $32.8M seed to build - TechCrunch . FinTech - Ghana | Statista Market Forecast 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). It was founded in Uganda but has quickly expanded to now 9 countries across Africa as of 2020. In December 2020, the company raised $940,000 from British investors - GoodSoil VCs. What makes FinTech solutions succeed? We built a model based on Ghana's Accra , Ghana United States. 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. Cube Robotic Limited . iPay Solutions Zeepay Ghana Limited ExpressPay Oz Kwidex Nvoicia Hubtel BitSika PennySmart Inclusive Financial Technologies Logiciel Ghana Damansah PaySail DigiTeller President of the association, Martin Kwame Awagah, said: "the Bank . DusuPay is a global payment gateway focused on international companies expanding to Africa. Last round. 5. Here is a list of the Fintech Companies that became Unicorns in Germany - 2022: 1. Properties Portfolio Ghana Our service is the definition of luxury. An Examination Of The Regulatory Framework Of Financial Technology In Nigeria Marcus-Okoko & Co The Financial Technology (fintech) Industry is rapidly developing in Nigeria. 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 . Installation of white Label cards For a better working of the companies Fintech Token Develop offers the option of the card White Label. Accra. 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 . List of FinTech companies in Ghana - JBKlutse 29 Aug 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 Finances & Insurance / Money Service Business. In his keynote address at the opening session, H.E. 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 . Ghana: How A FINTECH Can Obtain A Payment Service Provider - Mondaq List Of Fintechs In Ghana - 2022/2023 The Association is well-positioned to serve financial technology professionals, companies and start-ups, as well as other entities. Address: 4 th and 5 th Floor Fortune Towers, 27/29 Adeyemo Alakija Street, Victoria Island, Lagos, Nigeria . Two Ugandan Fintech Companies to Watch Out for This Year In 2019, Nigeria officially recognized its first FinTech Unicorn with Interswitch, achieving a valuation of $ 1 billion based on a $200million investment from Visa. GA-557-9869 Tantra Hill Sowutuom District Accra . HERE IS THE LIST OF TOP 10 FINTECH COMPANIES YOU CAN TRUST IN GHANA . Fintech Companies List - FinTech weekly Fintech- financial inclusion or exploitation? - The Ghana Report Pngme. 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. Company News. Founded. Ghana Fintech and Payments Association on LinkedIn: Nigerian fintech It operates in the commercial sector and in the national banking regulations. Fintech Is Here -The Future Of Ghana Banking Fifty7Tech Mapping Ghana's Fintech ecosystem 2022 - exciting outlook and Based out of Nairobi, Nairobi Area, Kenya. 5) Societe Generale Ghana Limited This finance company is situated in Ghana and was known as Social Security Bank before. Top 30 Real Estate Companies in Ghana 2020 - Meqasa blog 84 Top Fintech Companies & Startups To Know In 2022 | Built In Hourly Rate Not revealed. We enable Visa/Mastercard transactions as well as mobile money transactions. 1. The explosion of fintech companies and startups isn't surprising. Nimble fintech players have wasted no time carving out a share of this . 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. 2003 12. . Learn more Follow. 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. Sarp IT Consulting is a standard and world-class IT consulting firm that is located in Chicago, IL And Accra - Ghana. More than . Fintech in Ghana: Drivers, challenges and a path to industry growth Fintech in Ghana: Financial inclusion and the drive towards - JBKlutse Ghana Fintech Firms map 2022. PaySwitch. 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. 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. All fintech companies in Nigeria. We use this directory of startups to highlight top employees, founders and organisations we think deserve more appreciation than they are currently getting. 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. When it comes to fintech in Ghana, Zeepay is the name on most people's lips. Top Fintech Companies in Ghana List 2022 Updated Key figures and rankings about companies and products. Legal Requirements For Starting A Fintech Company in Nigeria Fintech company in the business of developing technology based solutions that impact how customers interact with money. 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. 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. WeeTracker Research brings you a comprehensive list of 9 Ghanian Fintech companies to watch out for. The regulatory compliance of FinTech in Ghana Below are some top-notch Fintech companies in Ghana. The FinTech ecosystem in Ghana can be characterized as experiencing rapid transition from the "introduction to growth stage". Six Fintech Companies from Africa Emerge as Finalists in the Ecobank Twitter | Facebook | Linkedin Learn more about their finances on Crunchbase Zoa Tech Limited. 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. BezoMoney Technologies Limited. 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. Top FinTechs In Ghana - MonkeyPesa 4) UT Bank Ghana Limited This company is also known as UT Bank and is established in Ghana. It was licensed by the Bank of Ghana in June 2004. Finance, Fintech, Platform Based out of Nairobi, Nairobi Area, Kenya. 9 Fintech Startups in Ghana To Watch Out For - WeeTracker The country's highly skilled workforces supported by a [] Today, one can think of taking loans, making payments, crowd sourcing and managing financial assets from a mobile phone. The Future of Finance: Regulatory insights from two Fintech reports It has been enlisted in the world top 250 FinTech companies alongside two other Nigerian companies. In the introduction stage there was a major lack of collaboration and interoperability was a far . The fintech sector in Ghana is evolving at an admirable rate as well. Consumer & Brand Reports . The Bank of Ghana, the regulatory body for financial institutions is therefore at the heart of the success of the FinTech ecosystem in Ghana. ABOUT US:-Opportunity International Savings and Loans Limited, (OISL) is a leading savings and loans company in Ghana. All FinTech Startup Companies in Ghana - Startup Facility Fintech and Payments Association welcomes BoG's Regulatory Sandbox