There are a number of fintech African startups emerging from the continent and 2018 could be a very important year for the their growth and success.
mobile money transfer applications to technology companies determined to help users save money, these technology startups come from all over Africa.
While South Africa, Nigeria and Kenya remain at the forefront of start-up activities in the fintech sector, as in many other areas, research shows that a number of other local fintech ecosystems are beginning to emerge.
IT News Africa takes a look at some of the fastest growing fintech startups to keep an eye on in Africa.
Piggybank.ng – Nigeria 
Piggybank.ng is an online savings platform that allows savers to set aside funds without being in able to retreat easily, helping people achieve their savings goals with the app through a combination of discipline and flexibility. Users can save up to $ 1 a day and then limit when they withdraw their savings on specific dates they choose. Piggy banks can earn on average 6% annual automated savings or 10.95% per annum on the fixed deposit product, Safelock, and can withdraw funds for free once a quarter.
Cinetpay – Côte d'Ivoire
The Ivorian edition of the most recent Seedstars startup competition is been won by the fintech company Cinetpay. CinetPay is a mobile payment hub that configures payment methods in Africa and allows online and offline merchants to accept card and mobile payments. Cinetpay won the Ivory Coast of Seedstars World and will represent the country at the Seedstars Summit in Switzerland to compete for a share investment of up to USD 1 million along with other prizes.
BitPesa – Kenya
BitPesa is a pan-African platform that redefines the way companies do business payments to and from sub-Saharan Africa. Focused on the use of blockchain technology at the forefront to increase efficiency among markets, BitPesa opens corridors for payments and trade between Africa and the rest of the world. Not surprisingly, BitPesa, based in Kenya, is the most recognizable of African startups, with its blockchain business payments that now serve 6,000 customers in over 85 countries.
MaTontine – Senegal
startup Fintech MaTonine was the winner of the Seedstars Dakar competition last year, thanks to their digital approach an instrument traditional savings. MaTontine provides financial services through the digitization of traditional, secular, peer-to-peer savings circles, known as Tontine, which remain a popular way to save money in Senegal. , MaTontine has launched a national pilot project with the World Bank's Advisory Group for the Care of the Poor (CGAP), with the goal of implementing innovative solutions that accelerate the way in which innovation improves and expands the financial sector. structures for low-income populations in Sub-Saharan Africa
Numida – Uganda
Startup Uganda Fintech  Numida was declared the winner of the Kampala stage of the Seedstars World competition in 2017. The startup has seen a successful monthly growth since March of last year and has paid out hundreds of small loans to businesses, boasting a 99% reimbursement rate. Small businesses use the Numida mobile app to track their financial data and Numida uses cash flow and behavioral data collected in the app to issue unsecured loans of an appropriate size.
Yoco – South Africa
Founded in 2013 and originally based in Cape Town, Yoco is aimed at provide intelligent technology that can accept payments and use this payment data to provide insight and automation to small and medium businesses, Yoco has launched the new point-of-sale app that works on smartphones and tablets and reaches up to 14,000 customers
In June 2017, Yoco was named one of the "250 leading private companies that change the face of financial services worldwide" in the Fintech 250 report by CB Insight researchers.
M-Pesa – Kenya
M-Pesa in Kenya was implemented by Safaricom, which for number of clients was the largest mobile service provider in the largest economy in Eastern Africa. M-Pesa allows users to deposit, withdraw, transfer money and easily pay for goods and services with a mobile device. The service allows users to deposit money to an account stored on their mobile phones, to send balances using PIN-protected SMS text messages to other users, including sellers of goods and services, and to redeem deposits for normal money. Users are charged a small fee for sending and withdrawing money through the service.
«Nigeria: Galaxy Backbone completes phase one of fiber distribution