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Guests on Hashing It Out episode 31 believe that traditional finance has hurt innovation in the African fintech space, and cryptocurrency can breathe some life into the space. Ahead of the Africa Money and DeFi Summit, Hashing It Out host Elisha Owusu Akyaw (GhCryptoGuy) speaks with Andrew Fassnidge, founder of Africa Tech Summit, and Enoch Antwi, CEO of Dnar, on the intersection between crypto currency developments on the African continent and the financial technology sector. Fassnidge shares his experience from the perspective of an investor and conference organizer who has seen the genesis of multiple unicorns on the content, and Antwi offers his thoughts from the perspective of a founder in both sectors.  Andrew Fassnidge, founder of Africa Tech Summit, opens the podcast with an explanation of the state of fintech in Africa. Fassnidge explains that despite the growth of financial technology applications on the continent, the rise of failed startups that raised huge capital has c...

The fintech industry has evolved from early adopters using technology to automate financial services to a comprehensive revolution of the financial sector. The financial technology (fintech) industry has its roots in the late 20th century, with the advent of electronic banking and online stock trading. Since then, fintech has expanded and changed over time as a result of technological and internet advances. As a result, new financial services and products have been created with the intention of enhancing accessibility, simplicity and effectiveness in the financial services industry. The 2008 global financial crisis aided the growth of fintech by increasing customer demand for non-traditional Banking and financial services. By enabling customers to access financial services from any location at any time, the rise of mobile devices and the widespread usage of smartphones have also fueled the growth of the fintech industry . Today, fintech continues to shape the financial industry an...