• The Africa Money and DeFi Summit bring in critical stakeholders, including tech corporates, mobile operators, fintech, DeFi & crypto ventures, investors, and leading startups
• The “Pitch Live” session at the event is a segment that allows innovators to showcase their bright ideas and African startups to leading ventures in fintech, crypto and Web3
• The success of the Africa Tech Summit held in Nairobi, Kenya, has called for a second Africa Money and DeFi Summit in Accra on September 27-28th, 2022

It is no news that today, Web3 has rapidly grown worldwide by ushering in a new age of decentralization and blockchain systems. This has led to the rise of concepts such as cryptocurrency, NFTs, Decentralized Finance and many more.

Africa is in this revolution’s spotlight, and many companies have noticed its vast untapped potential. Multiple ventures and opportunities are established regularly, all in hopes of promoting decentralization in Africa’s technology and leading to the start of various African Fintech industries and startups.

Today we will focus on a significant contributor to the movements, the Africa Money and DeFi Summit. An African-based corporation aimed at supporting African startups.

About Africa Money and DeFi Summit

With the constant evolution of the crypto-ecosystem, Africa had to take a step forward to keep up with the advancements. Hence Andrew Fassnidge created the African Money and DeFi summit to give innovators and young developers a platform to showcase their ideas and African startups.

Also Read, Xend Finance, Africa’s first Global blockchain bank.

Apart from giving African startups a platform to showcase their new concepts and ideas, it also brings in critical stakeholders, including tech corporates, mobile operators, fintech, DeFi & crypto ventures, investors, and leading startups. 

If an African startup impresses either of the guest leaders, it potentially attracts investors to your very own business. Some of which are hard to get under normal circumstances. To network and do business with leading companies in decentralized finance (DeFi), payments, crypto, Web3, digital lending and FX are just one way of promoting the African Fintech industry and crypto ecosystem. 

African startups that benefited from Summit

The Africa Money and DeFi summit is responsible for giving many prosperous African startups today the stepping stone they require to get off the ground. 

Also Read, Stellar cryptocurrency provides banking, cross border payment services to the African crypto market.

The “Pitch Live” session at the event is a segment that allows innovators to showcase their bright ideas and African startups to leading ventures in fintech, crypto and Web3. 

Below are various ventures that gained the support and resources it has today all because of the Summit.

• Kotani Pay – is a Kenyan startup that utilizes blockchain protocols and technology to profit from the African fintech industry. It supports local and cross-border payments to underserved African citizens.
• RealToken’s concept revolved around tokenizing real estate assets stored, bought, traded or sold on a blockchain network. It generally combines the idea of real estate with NFTs creating rNFTs.
• KORIX – an African Fintech Industry that allows Africans to purchase KRX, a utility token with CFA fiat money. Korix CEO Saidou Kanté expressed his gratitude for the event and termed it an eye-opener. It helped him fulfil his mission to build and promote Africa’s crypto-ecosystem and Web3 adoption.
•  Tokay Finance – is a DeFi neo-bank built to provide traditional banking services on Web3. The corporation deals with microfinance and also has so
•  Crunch Network – a tokenized decentralized financial organization among the top African Fintech industries. The African startup provides DeFi services and offers various financial solutions to projects, developers and even end users.
•  Mazuma – a mobile payment system that uses various blockchain technology and Artificial Intelligence to facilitate, validate and support transactions. It was built with the general purpose of promoting decentralization in Africa. It also provides a more accessible means for individuals to access and transfer money.

 Africa Money & DeFi Summit – West Africa edition

With the recent success experienced by the Africa Tech Summit held in Nairobi, Kenya, more and more innovators have set their eyes on this event. The tickets for the Summit sold out a few weeks before the event’s debut. Many African startups gained the much-needed attention they sought, allowing like-minded individuals to share information and ideas.

This success has called for a second Africa Money and DeFi Summit in Accra on September 27-28th, 2022. It will feature 400+ delegates, 150+ companies, and 75+ speakers covering topics via panel sessions, keynotes, and fireside chats, plus multiple networking events, masterclass sessions, and a sold-out exhibition showcasing leading ventures.

Critical stakeholders such as Polygon, Paystack, VerifyMe, Celo, Flutterwave, BitPowr, Visa, YouVerify and Workday have actively supported the efforts of the event. 

The Africa Money & DeFi Summit intends to support any innovative and promising African startup. They have made significant strides in promoting Africa’s crypto-ecosystem by acting as a bridge between innovators and investors. In time, the events will continue to support such efforts, and it might be the platform that inspires the ‘Next Big Thing’ within Web3.

Read: Decentralized finance faces numerous hurdles to widespread adoption