The co-founder of Flutterwave, Iyinoluwa Aboyeji and founder, Paga, Tayo Oviosu as well as co-founder of OneFi, Chijioke Dozie are representing Africa as speakers at the African Fintech Summit at the National Press Club, Washington, USA.
The event, which holds in April, 2018 is hosting disruptors, technology and finance professionals, regulators, and investors from across Africa and the United States. This collection of innovators will discuss the technologies that are revolutionizing finance and investment.
Explaining the significance of the summit, Leland Rice, host of the event said that Fintech has become a global phenomenon that is “disrupting banking, finance, and payment” with effects that can be felt in the whole space of the continent impact creating both social and economic transformation.
“Like Africa itself, Fintech is young, agile, and unencumbered by legacy issues. That combination means that African fintech is creating unprecedented opportunities for business and development,” he emphasized.
Despite the positive impacts fintech is creating in the continent, Leland identified information gaps as a major threat muting its potential.
Leland added that lack of engagement between United States investors and Africa’s entrepreneurs is an obstacle for the flow of ideas and capital while various players within the fintech ecosystem – from policy makers to innovators – operate largely isolated from one another.
He said that the African Fintech Summit will address the challenges by aggregating investors, disruptors, and regulators from across Africa and the US in Washington, DC.