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Cellulant among 3 African Startups Named on 2018 Fintech100 List

Cellulant among 3 African Startups Named on 2018 Fintech100 List

Fintech

Cellulant among 3 African Startups Named on 2018 Fintech100 List

The Fintech100 is a collaborative effort between H2 Ventures and KPMG that uncovers and evaluates the most innovative Fintech companies globally.

Cellulant, a digital payment startup from Kenya with operations across Africa is one of the three startups named on 2018 Fintech100 list.

The Fintech100 is a collaborative effort between H2 Ventures and KPMG that uncovers and evaluates the most innovative Fintech companies globally. It comprises truly innovative companies, creating products and services at the juncture of technology and financial services who are seeking to disrupt the existing processes and products that dominate the marketplace.

The Fintech100 is divided into two sublists; the ‘Top 50’ established Fintech firms around the globe, which are ranked based on innovation, capital raising activity, size and country; and the ‘Emerging 50’ firms, which are newer companies that are at the forefront of innovative technologies and practices.

Cellulant’s digital payments platform delivers connected, flexible payment options for consumers and businesses, and works with financial institutions, governments, and mobile network operators to increase transparency and expand their reach in Africa. The company operates in 11 countries, with roughly 12% of Africa’s mobile consumers now able to make payments using their services and products.

Read: Africa’s Hottest Startups That Have Raised More Than US$1M in 2018

South Africa. ThisisMe an advanced identity verification and due diligence platform that enables businesses to reduce fraud, automate KYC checks, improve onboarding and increase revenue while providing an on-demand, seamless customer experience, and Nigeria’s Wallet.Ng, a digital payments product that allows users to make payments, transfer funds, pay bills and withdraw from ATMs from their mobile phone numbers were the other two African startups featured on this year’s list.

In its fifth year, Fintech100 ranked Ant Financial, the world’s largest third-party payments platform as the leading fintech company in the world, followed by JD Finance, Grab, Baidu (Du Xiaoman Financial), and Sofi respectively.

Fintech remains the most attractive and highest funded sector in Africa for investors with 5 of the 10 largest deals made are from this sector.

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CEO and Founder at Founder360° Magazine.

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