Nigeria ranked 3rd in Africa in 2021 Global Fintech Rankings
- May 12, 2022
The Giant of Africa isn’t giant when it come to Fintech in Africa, Nigeria is ranked 3rd in Africa in the 2021 Global Fintech Rankings.
The countries ranking nosedived according to the report released by findexable, which identifies emerging hubs, fintech companies and trends.
Among the 83 countries ranked in the index, Nigeria dropped five places to rank 57th behind Kenya, which moved eleven steps upward to rank 31st.
Africa’s largest economy also ranked behind South Africa, which equally dropped seven places to rank 44th.
African countries that debuted on the list include the Seychelles, Rwanda, Tunisia, Zimbabwe and Somalia, while cities like Riyadh and Tel Aviv moved up the rankings.
The Index algorithm ranks the fintech ecosystems of more than 250 cities across 83 countries incorporating data from findexable’s own records and collated and verified by its Global Partnership Network, including Crunchbase, StartupBlink, SEMrush and 60+ fintech associations globally.
The index was first published in 2019 and has seen a huge uptake by the fintech industry.
The Top 10 Fintech Countries in Africa includes;
- South Africa
We are patiently waiting for 2022 ranking from Global Fintech Rankings.
More from our blogSee all posts
- Artificial Intelligence And Machine Learning In Digital Banking March 7, 2023
- Top 10 Nigerian Tech Deals That Made The News In 2022 January 9, 2023
- 10 Changes Made To Nigeria’s Currency Since Independence October 31, 2022
All Website Tags
Leave a Comment cancel
This site uses Akismet to reduce spam. Learn how your comment data is processed.