Skip to content

Unlocking Africa’s Credit Potential


March 30, 2023 | Jonathan Pryer

According to KPMG data, there was a record $1.6 billion in fintech investment in 2021. At the same time, consumer spending in Africa is $1.4 trillion yet a significant percentage of the population has poor or no access to financial services.

In this Africa Business article, Adrian Pillay, VP of Middle East & Africa at Provenir, shares his insights on Africa’s financial landscape and how lenders can use fintechs’ innovative solutions to serve individuals with little or no credit history while improving risk assessment and increasing access to credit.

He also outlines the importance of using of alternative data, automation and real-time risk analytics to quickly evaluate SMEs creditworthiness to eliminate lengthy delays in funding approval, which can be the difference between a business flourishing or floundering.

Latest Resources


The Lending Revolution: Building World-Class Digital Lending Experiences in Southeast Asia

Digital lending has the potential to revolutionize financial inclusion in Asia’s emerging economies. For individuals and small businesses ...
Read More

On-Demand Webinar: How to Power Risk Decisions Faster than the Competition

In the race for customers, speed is everything – and your consumers demand it. But how can you ...
Read More
AI, Data

Enhancing Financial Inclusion in the Digital Era: Redefining Africa’s Digital Banking Future with Da...

As Africa's digital landscape continues to evolve, the use of data and AI in banking has become increasingly ...
Read More