Part One: Africa's Fintech Landscape - The Valuation Challenge

In part one of a string of articles examining Africa's evolving Fintech landscape, Novan Maharahaje, Director of the Corporate Finance Advisory division of Ocorian AMEA, analyses the pros and cons of the approaches most commonly used when valuing an early-stage FinTech company and how there is no "one-size-fits-all" solution.

Africa is increasingly recognised as a land of opportunity for Fintech; EY's 2019 FinTechs in Sub-Saharan Africa report identified that there were more than 250 active companies in 2018 according to research¹. The sector has capitalised on the digitalisation trend, favourable demographics and a talented and innovative entrepreneur base to bring banking, insurance and other financial services to an otherwise unserved and underserved population.