Fintech is an innovation to the financial industry that has swept through almost every part of the world.
Though, it might not be readily available. It is agreed that every continent has at least a fintech startup launched.
In Africa, Western and Southern Africa has constantly been talked about with regards to fintech Startups in the region.
However, little or nothing until the fintech from the region got accepted into Village Capital’s Finance Forward MENA accelerator program.
North Africa has seven countries in the region namely, Algeria, Egypt, Tunisia, Morocco, Sudan, Libya, and Western Sahara.
Listed below are the top five Fintech Startups in North Africa.
Paymint is a fintech startup located in Egypt that provides businesses with payment solutions that enable business owners to have their payroll management system, a cashless paymint, and fringe benefits for their employees thereby improving the employees’ loyalty and morals.
Paymint also gives the employees some privileges, in that they have access to banking products and services and ensures that their salary is available all the time.
Paymint is one of the North African startups that got into Village Capital’s Finance Forward MENA accelerator program.
This Fintech Startup is also located in Egypt, Khazna was also accepted into Village Capital’s Finance Forward MENA accelerator program.
Khazna offers services to both employees and business owners. The business owners can use the Khazna app to pay the bills and salaries of people employed in their organization.
Khazna is used by employees to pay bills even before their salary drops at no extra cost. In case of emergency, they are also handy as their services can also be employed for payments.
This is a Tunisia-based Fintech startup that offers payment and invoice processing solutions to businesses. We-Settle was also accepted into Village Capital’s Finance Forward MENA accelerator program.
We-Settle solutions allow invoices to be digitally processed and payments collected virtually at a minute service charge. We-Settle also sends reminders for invoice payment as at when due.
We-Settle has a user-friendly interface in its apps and website and offers its services in three different languages English, Arab and French language.
We-Settle solutions are simply easy to use, secure as it uses a multi-factor authentication process, efficient and cost-effective.
This Fintech Startup is located in Algeria and provides tickets, vouchers, e-wallet, and prepaid cards that are used for transactions.
Kodepay payment system is done in a way that is user-friendly as everyone can use it for payments as long as you have either a prepaid kodepay card, voucher, or e-wallet.
Kodepay has a service charge based on any of the payment forms selected by their customer.
This Fintech Startup offers financial and wealth management services. It is located in Souissi, Morocco.
FinKeys helps its clients save and then invest their funds into various ventures. FinKeys oversees these investments and ensures the returns are profitable to their clients.
The investment areas include Real Estate, Crowdfunding, Equity, Bonds and so many others. The startup aims at helping its clients achieve financial stability and freedom.
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