The fintech landscape in Africa is undergoing a significant transformation, marked by the emergence of new unicorns such as South Africa's TymeBank and Nigeria's Moniepoint, both now valued at over $1 billion. These companies have effectively tailored fintech models from more developed markets to address the unique needs of a largely unbanked population in Africa.

Both TymeBank and Moniepoint adopt a hybrid approach that blends digital banking services with physical touchpoints to enhance customer engagement. TymeBank partners with retail outlets to offer affordable banking services, making banking accessible to more people. On the other hand, Moniepoint leverages a network of small business agents to facilitate transactions, acknowledging the region's heavy reliance on cash and the necessity for face-to-face interactions. This approach stands in contrast to the fully digital models prevalent in developed countries.

As these fintech companies continue to grow, they are looking to expand into new markets while also driving innovation within Africa's informal economy. Their achievements not only highlight their adaptability but also point to a broader trend in fintech. This trend could serve as an inspirational model for future startups in various sectors across the continent.