🫶 Africa’s newest fintech unicorns are winning by keeping their feet on the ground Africa's fintech landscape is evolving, with new unicorns like South Africa's TymeBank and Nigeria's Moniepoint recently achieving valuations over $1 billion. These companies have successfully adapted fintech models from mature markets to meet the needs of a largely unbanked population. Both firms emphasize a hybrid approach, combining digital banking with physical touchpoints to enhance customer engagement. TymeBank offers low-cost banking services through retail partnerships, while Moniepoint uses a network of small business agents to facilitate transactions. This strategy acknowledges the region's reliance on cash and the need for in-person interactions, contrasting with purely digital models seen in developed countries. As these companies grow, they plan to expand into other markets while continuing to innovate within Africa's informal economy. Their success highlights a broader trend in fintech that could serve as a blueprint for future startups in various industries across the continent. 💬 Source 📌 Powered by V3V Ventures