The ride from Lagos to Ganvie, a lake village in Benin republic, is about 150km. The village’s 35,000 people live in a scenic environment that invites curious tourists who have dubbed it the Venice of Africa.
But like a number of cities in the french-speaking countries in Africa, Ganvie has a problem; it is a fairly underdeveloped town in terms of financial services. It has hotels, a cluster of sights for sore eyes, but just one bank.
Indeed, francophone Africa doesn’t get as much attention in discussions around fintech in Africa. Payments startups in Nigeria, big banks in South Africa and mobile money in East Africa occupy most of the airwaves. But that doesn’t mean there aren’t companies pushing the envelope in the french-speaking region.
Founded in 2019 by Aurélien Duval-Delort, the startup is building out a combination of financial services for the region by focusing on three main service areas: merchant payment, carrier billing, and money transfer.
Duval-Delort says the mission is to contribute to a more inclusive economy by leveraging the power of mobile payments. The thought of building an Africa-focused fintech company first came to him while he was the head of the innovation department for Africa at Orange, Click here to read entire article
Source:: Tech Cabal