African fintech startups are on the rise, fueled by the huge demand for financial technology services in the continent. According to WeeTracker, a technology news platform focused on African startups, African fintech startups raised a record-breaking $435.6 million in funding in 2020 alone. This is a reflection of the growing investor interest in the sector and the optimism around the potential for technology to transform financial services in Africa. With a large unbanked population in many African countries, fintech startups are playing a crucial role in promoting financial inclusion and unlocking economic opportunities for millions of people.