Fintech companies or startups are making Africa a leading global Innovation Hub. To help organisations understand this Kesho Labs Development Studio, a Kenyan based IT company has partnered with Glass House PR to host the Decentralized Finance Conference 2020 (Africa DeFi 2020)
The first of its kind, the conference will bring together innovators, thought leaders and regulators with a view of steering the African Financial Sector leveraging financial platforms. Decentralized finance entails digital assets, smart contracts and digital apps built on blockchain
The main objectives of the Decentralized Finance Conference 2020 are to provide a clear understanding of decentralized finance and highlight the opportunities in Africa, demonstrate existing use cases of decentralized finance in Africa and also position Africa strategically as a destination for innovation, collaboration and investment into Africa’s digital transformation.
In a continent where over 60% of the adult population is unbanked and the financial sector is considerably underdeveloped, fintech has been a welcomed revolution that is seen to be boosting Africa’s financial infrastructure.
In fact, according to a 2019 report by Disrupt Africa, Africa’s fintech sector is growing at a fast pace, with the number of companies operating in the space growing by more than 60 per cent in the last two years.
With a growing population, an increasing rate of mobile and internet penetration, combined with a substantial need for financial inclusion, Africa is fecund ground for the growth of fintechs and tech giants. There exist endless possibilities, as entrepreneurs seek to use technological advancements to create a range of more reliable and customer friendly solutions to real-world problems.
The Decentralized Finance Conference will be held at the Safari Park Hotel from 17th – 18th March 2020, More than 300 fintech leaders are expected to attend.