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Trends & Opportunities GHANA’S FINTECH LANDSCAPE #GhanaUKfintech
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Ghana's Fintech Landscape: Trends & Opportunities

Apr 15, 2017

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Paul Damalie
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Page 1: Ghana's Fintech Landscape: Trends & Opportunities

Trends & Opportunities

GHANA’S FINTECH LANDSCAPE

#GhanaUKfintech

Page 2: Ghana's Fintech Landscape: Trends & Opportunities
Page 3: Ghana's Fintech Landscape: Trends & Opportunities

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

Page 4: Ghana's Fintech Landscape: Trends & Opportunities

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

Page 5: Ghana's Fintech Landscape: Trends & Opportunities

OutlineConsumer Profile

Mobile Phone usage

Ghanaians’ Financial Behaviour

Banking Sector Highlights

Fintech Sector Overview

General Tech Ecosystem

Trends & Opportunities

Page 6: Ghana's Fintech Landscape: Trends & Opportunities

Consumer Profile

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Mobile Phone usage

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Ghanaians’ Financial Behaviour

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Banking Sector Highlights

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www.nextbank.org | [email protected] | @nextbankACR

Page 19: Ghana's Fintech Landscape: Trends & Opportunities

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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

Page 20: Ghana's Fintech Landscape: Trends & Opportunities

General Tech Ecosystem

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Incubators & Accelerators

Co-working spaces

Early stage investment

Institutional Investors

Page 22: Ghana's Fintech Landscape: Trends & Opportunities

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

Page 23: Ghana's Fintech Landscape: Trends & Opportunities

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

Page 24: Ghana's Fintech Landscape: Trends & Opportunities

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/

Page 25: Ghana's Fintech Landscape: Trends & Opportunities

For enquiries:

[email protected]

www.loystar.co

www.nextbank.org

+233544953075

@pauldamalie | @loystarapp | @nextbankACR