Financial solution providers in the global financial services sector are facing stiffer competition from new players in the financial technology (FinTech) space. Emerging technologies such as Blockchain, Cryptocurrency, P2P payments and lending, Robo-advisory, and Crowdfunding are disrupting traditional business models. The need to digitally transform and innovate in a customer-centric and engaging manner has never been more important to traditional financial service providers than now. Given this background, Africa Fintech Foundry (AFF) is an Access Bank (Nigeria) initiative that aims to nurture and accelerate the growth of FinTech startups in Africa thus fast-tracking their growth and maturity to deliver relevant solutions to the market, providing greater access to financial services to the financial excluded across the continent.
Its mission is to enable emerging digital technology innovators on the continent meet and exceed their potential for the commercial benefit of our stakeholders.Furthermore, it plans to bring innovative digital financial services originated by Africans, to the world; and to bring the world to Africa through digital innovation while building the business capacity of startups, support business development, and facilitate access to capital, markets, customers and global innovation partners.