With their range of fintech solutions, French Skaleet and the Moroccan company Mobiblanc want to play a central role in the digital transformation of the African financial system. Skaleet announced that it is partnering with digital services provider Mobiblanc to expand its digital offering to financial institutions across Africa. Based in Morocco and Tunisia, Mobiblanc operates primarily in the North and West African markets, providing digital solutions and consulting services to clients.
“Fintech” is a broad term that refers to technology to streamline or improve financial, business, or customer experiences. Yves Eonnet, Chairman and Co-Founder of Skaleet, emphasized that financial institutions need innovation to meet the challenges at the announcement of the agreement.
The partnership will allow us to further expand our offering and add value to our customers across Africa,” Eonnet said. Creating customers across Africa,” Eonnet explained. Youssef El Alaoui, the co-founder of Mobiblanc, explained that the partnership is in line with his company’s strategy to participate in the digital transformation of the financial sector. “We share with Skaleet the ambition to offer the integration of innovative solutions with state-of-the-art technological know-how to provide added value to our partners and respond to the new business needs of the sector,” he added. Through this new partnership, Mobiblanc and Skaleet would join forces to position themselves at the forefront of the digital transformation that is reshaping the African financing landscape, the company said in a statement. Fintech is an emerging force in Africa.
In 2021, African fintech startups received the most funding at $2.3 billion, more than twice as much as other startups in other sectors. The currently largest African startup, Flutterwave, is active in the fintech sector. The rise of the fintech industry in Africa is often associated with the promise of financial inclusion, as experts believe that the adoption of fintech-based solutions can potentially help improve the continent’s suboptimal economic integration.