Ebury finally enters Africa’s fintech by acquiring Prime Finance Markets

UK- based financial services corporation Ebury has announced its initial foray into Africa “s fintech sector through the acquisition of Prime Financial Markets, a South Africa- based company. Prime Financial Markets offers extensive expertise in financial market advice and intermediary services. According to Boston Consulting Group and QED investors,…

•UK-based financial services corporation Ebury has announced its initial foray into Africa’s fintech sector through the acquisition of Prime Financial Markets, a South Africa-based company.

•Prime Financial Markets offers extensive expertise in financial market advice and intermediary services.

•According to Boston Consulting Group and QED investors, Africa’s fintech market is projected to reach $65 billion by 2030.

In the past decade, Africa’s fintech industry has garnered significant attention from global corporations. Its rapid growth and extensive benefits have facilitated the thriving of multiple fintech startups in its adaptable ecosystem. Today, the region boasts several success stories, including Flutterwave and Yellow Card, which stand as proud achievements in Africa’s fintech industry.

The economic instability and low financial inclusion rate have motivated numerous investors, innovators, and entrepreneurs to explore opportunities within this burgeoning industry.

In recent developments, the UK-based financial services corporation Ebury has announced its initial foray into Africa’s fintech sector …

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