CASH CAPITALS

Only about 40% of Africa’s 1.4 billion people are considered “banked”— meaning they have access to, and use, a bank—making the continent rich territory for fintech startups looking to bring financial access to hundreds of millions of African mobile phones. Here are some of the most and least financially served nations— and the apps they’re banking on.

Morocco

• Population (2020):

36.9 million

• 29% banked

• Most popular banking app:

CIH (Crédit Immobilier et Hôtelier) Mobile

Egypt

• 102 million

• 33% banked

• NBE (National Bank of Egypt)

Mobile

Nigeria

• 206 million

• 40% banked

• Kuda, mobile banking

Kenya

• 53.7 million

• 82% banked

• M-Pesa, mobile money service owned by Vodafone

South Africa

• 59.3 million

• 69% banked

• Capitec, mobile banking