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Absa sees more fintechs in African IPO pipeline

Summary by Ground News
Fintechs that generate most revenue in a single local currency could go public. Absa Group Ltd. head of fintech investment banking origination Adesoji Solanke. Solanke: "We shouldn't assume that the depth of liquidity on local stock exchanges is zero"

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Absa sees more fintechs in African IPO pipeline

One of South Africa’s biggest lenders said the time is ripe for African financial technology firms to consider public listings at home, as startups on the continent struggle to raise venture capital amid a global slump.

·South Africa
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News24 broke the news in South Africa on Thursday, February 22, 2024.
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