{"id":10321,"date":"2022-02-03T09:19:29","date_gmt":"2022-02-03T09:19:29","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/kifc-announces-u50m-first-fintech-fund-for-africa"},"modified":"2022-02-03T09:36:44","modified_gmt":"2022-02-03T09:36:44","slug":"kifc-announces-u50m-first-fintech-fund-for-africa","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/kifc-announces-u50m-first-fintech-fund-for-africa","title":{"rendered":"KIFC Announces U$50M First FinTech Fund For Africa"},"content":{"rendered":"

Africa-Press – Rwanda. <\/strong><\/span>Kigali International Financial Centre on Wednesday announced its first FinTech only focused Africa Fund with an initial capital of U$50M in collaboration with Vusi Thembekwayo Venture Investor.<\/p>\n

The centre seeks to transform Rwanda into an international financial destination for investors seeking opportunities across the African continent.<\/p>\n

\u201cThe Africa Fintech Fund will invest in growth start up fin techs in Africa,\u201d the Kigali International Financial Centre said on Wednesday.<\/p>\n

Financial technology, colloquially referred to as \u201cfintech,\u201d is accelerating financial inclusion in Africa and this sector has grown rapidly in Africa over the past few years, as technology has helped reduce banking costs for the benefit of both service providers.<\/p>\n

Fintechs in Africa continue to overshadow all other startups in funding gained.<\/p>\n

By 2025 the continent will be home to 1.5bn people, most of whom will have grown up in the era of the internet.<\/p>\n

Fintech investors are betting that young African talent can innovate its way out of the region\u2019s most pressing financial problems faster than legacy firms can.<\/p>\n

According to The Big Deal database, In 2021 fintech was still by far the sector attracting the most funding in Africa $2.3 billion in total, which was 2.7x the amount the sector had raised in 2020, and much more than the total raised by all start-ups on the continent that year ($1.6b+). Of the 12 African \u2018mega deals\u2019 ($100m+) in 2021, 9 were in fintech.<\/p>\n

Meanwhile, \u2018Energy\u2019 and \u2018Logistics & Transportation\u2019 have been completing the top 3 with fintech since 2019.<\/p>\n

For More News And Analysis About Rwanda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Rwanda. Kigali International Financial Centre on Wednesday announced its first FinTech only focused Africa Fund with an initial capital of U$50M in collaboration with Vusi Thembekwayo Venture Investor. The centre seeks to transform Rwanda into an international financial destination for investors seeking opportunities across the African continent. \u201cThe Africa Fintech Fund will invest […]<\/p>\n","protected":false},"author":84,"featured_media":10320,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,29,28],"tags":[760,763,758],"class_list":["post-10321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"\nKIFC Announces U$50M First FinTech Fund For Africa - Rwanda<\/title>\n<meta name=\"description\" content=\"Kigali International Financial Centre on Wednesday announced its first FinTech only focused Africa Fund with an initial ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/economy\/kifc-announces-u50m-first-fintech-fund-for-africa\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KIFC Announces U$50M First FinTech Fund For Africa\" \/>\n<meta property=\"og:description\" content=\"Kigali International Financial Centre on Wednesday announced its first FinTech only focused Africa Fund with an initial ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/economy\/kifc-announces-u50m-first-fintech-fund-for-africa\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-03T09:19:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-03T09:36:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2022\/02\/img-61fba216c3523.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"564\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/kifc-announces-u50m-first-fintech-fund-for-africa#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/kifc-announces-u50m-first-fintech-fund-for-africa\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"KIFC Announces U$50M First FinTech Fund For Africa\",\"datePublished\":\"2022-02-03T09:19:29+00:00\",\"dateModified\":\"2022-02-03T09:36:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/kifc-announces-u50m-first-fintech-fund-for-africa\"},\"wordCount\":263,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/kifc-announces-u50m-first-fintech-fund-for-africa#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2022\/02\/img-61fba216c3523.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Rwanda\",\"Rwanda\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/economy\/kifc-announces-u50m-first-fintech-fund-for-africa#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/kifc-announces-u50m-first-fintech-fund-for-africa\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/kifc-announces-u50m-first-fintech-fund-for-africa\",\"name\":\"KIFC Announces U$50M First FinTech Fund For Africa - 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