The goal of Techinnovate Group is to serve as a liaison between Middle Eastern investments and digital and financial firms located in Africa. One way it accomplishes this is by joining together with prominent organisations like Fintech Saudi and the Saudi Central Bank to hold the important event 24 Fintech.
African startups were able to present their innovations, network with potential investors, and establish strategic alliances in the Middle East through this event. Key figures in the fintech industry convened at the 24 Fintech event with the aim of emphasising digital innovation and financial inclusion.
As the African partner, Techinnovate Group, arranged for a number of African startups to take part and present their work. These firms showcased their digital payment and banking solutions: ALAT by Wema, Interface Africa, Stecs, and Sudo Africa.
Their ability to draw partners and investors on a global scale as a result of the event opened opportunities for their expansion into the Middle Eastern market. Kigali International Financial Centre Chief Investment Officer Jean-Marie Kananura stated, “It was a great opportunity to show what Africa’s fintech scene has to offer.”
Both the Middle East and Africa are seeing rapid growth in the tech innovation sector. Digital banking and mobile payments are driving Africa’s fintech industry, which is expanding rapidly. At the same time, the Middle East, headed by countries like Saudi Arabia, is investing resources into its digital transformation, making it a significant destination for tech investment.
