ghana's fintech landscape: trends & opportunities
TRANSCRIPT
Trends & Opportunities
GHANA’S FINTECH LANDSCAPE
#GhanaUKfintech
Paul Kwesi Damalie,Fintech Entrepreneur & Consultant
@pauldamalie | [email protected]
Co-founder ,Director ,Biz Dev & Operations,Loystar
Chapter Lead, Next Bank Accra
Former Entrepreneur-In-Training , MEST Ghana
Former Banker,Ecobank Ghana
Former Insurance Sales, Unique Life Assurance
An independent, open and collaborative community driving positive change for the better in financial services through design,
innovation and entrepreneurship.
Conferences | Meetups | workshopsco-founded by a banker,designer,techie,
customer
@nextbankACR
Rob Findlay,Founder,Next Bank
SVP Experience Design, DBS Bank,Singapore
OutlineConsumer Profile
Mobile Phone usage
Ghanaians’ Financial Behaviour
Banking Sector Highlights
Fintech Sector Overview
General Tech Ecosystem
Trends & Opportunities
Consumer Profile
Mobile Phone usage
Ghanaians’ Financial Behaviour
Banking Sector Highlights
www.nextbank.org | [email protected] | @nextbankACR
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Financial Data & Transaction platform provider (Absent/Opportunity Eg:
Yoldee Interactive)
Mobile Money Ecosystem
ENABLERS
Personal finance
Enterprise Financial Software
Capital Markets
General Tech Ecosystem
Incubators & Accelerators
Co-working spaces
Early stage investment
Institutional Investors
Major EventsGhanaian startups since 2012 have been accepted into major silicon valley accelerators including Dropifi -500 Startups & Plug & Play : Kudobuzz- 500 startups ; Asoriba - Techstars ; Claimsync-Startupbootcamp
Major exits includes Saya Mobile’s acquisition by New Jersey based Kirusa and Claimsync acquisition by Dutch based Genkey
Significant fundraise by online property platform Meqasa from Digital Frontier Ventures,Malaysia and VAS provider Rancard’s raise from Intel Capital
Issuing of e-money guidelines by Central bank of Ghana 2015
Trends & Opportunities1. Mobile wallets are growing and would lay the foundation for
payments growth
2. Banking and Finance executives moving into tech
3. Increase in Institutional investment and collaboration
4. Layered solutions would enable drive of mobile payments
5. Startups are Pan-African in nature
6. Unique fintech themes & Applications eg: Agric fintech Farmable.me
Sources1. Financial inclusion resources: http://finclusion.org/country-pages/ghana-country-page/2. Bank of Ghana e-money issuers guidelines: http://bit.ly/1qtRJ9d3. Rancard Raises funds from Intel: http://www.rancard.com/?p=26694. Saya mobile joins Kirusa: http://onforb.es/1XgD5wo5. Dropifi joins 500 startups as first African startup: http://edition.cnn.
com/2013/07/10/tech/web/ghana-dropifi-silicon-valley/6. Meqasa raises series A from DVF http://www.forbes.
com/sites/mfonobongnsehe/2015/10/28/meqasa-com-of-ghana-raises-500000-investment
7. Ghana Banking Survey https://www.pwc.com/gh/en/assets/pdf/gh-banking-survey-2014.pdf
8. Fintech in Africa: http://disrupt-africa.com/2015/11/ghanaian-fintech-startup-zeepay-raises-200k-partners-airtel-money/
For enquiries:
www.loystar.co
www.nextbank.org
+233544953075
@pauldamalie | @loystarapp | @nextbankACR