The Rise of Fintech in Africa

In series 5, episode 1 of Good Things Happen, host Jorian Murray is joined by Charles Savage, CEO of Purple Group, Bradley Wattrus, Co-founder of Yoco and Keyuri Chibba, Head of Africa Digital FX Sales in Citi’s Market’s division to discuss the Rise of Fintech in Africa, and share their pioneering stories in the financial technology space. Charles Savage discusses his online investment platform and reflects on the challenges faced by the South African investment landscape and the need for a more user-friendly interface to drive the democratization of investing. Bradley Wattrus highlights the importance of empowering small businesses in South Africa by providing them with affordable and accessible point-of-sale systems and the need for infrastructure development and regulatory frameworks to support the growth of Fintech in Africa. Keyuri Chibba discusses her role in supporting businesses with foreign exchange solutions. She highlights the growth of remittance businesses and e-commerce in Africa, as well as the potential of cryptocurrencies in the region. Our guests express optimism for the opportunities in innovation, collaboration, and the development of second-tier services and raise the importance of aligning regulatory frameworks, improving infrastructure, and fostering a strong startup culture to drive the growth of the Fintech ecosystem in Africa. Citigroup (“Citi”), Purplegroup and Yoco are not affiliated and are independent companies, though Purplegroup and Yoco has a relationship with Citi through Citi’s Global Markets. The speakers’ views are their own and may not necessarily reflect the views of Citi or any of its affiliates. All opinions are subject to change without notice. Neither the informant provided, nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. The expressions of opinion are not intended to be a forecast of future events or a guarantee of future results.