For years, Africa’s fintech boom has been defined by startups such as Flutterwave, Moniepoint and Wave, which built large payments businesses from scratch before attracting billion-dollar valuations. But a new opportunity may be emerging from traditional banks, an unlikely source. A growing number of analysts and investors believe some of Africa’s biggest future fintech deals could come not from new startups, but from banks separating their payments businesses into standalone companies, unlocking value that has long been hidden inside lar
For years, Africa’s fintech boom has been defined by startups such as Flutterwave, Moniepoint and Wave, which built large payments businesses from scratch before attracting billion-dollar valuations. But a new opportunity may be emerging from traditional banks, an unlikely source. A growing number of analysts and investors believe some of Africa’s biggest future fintech deals could come not from new startups, but from banks separating their payments businesses into
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