It was only just over a year ago that McKinsey described Africa’s financial technology landscape as a “hotbed for investment.” Fast-forward to today and startups on the continent are facing many of the same problems plaguing fintechs in more mature markets like the U.K. and the U.S.: Valuations are tanking, growth is flagging, revenue targets … Continue reading Despite glimmers of profit, most African neobanks remain in the red