Market Overview
The country's fintech sector is growing rapidly, driven by mobile money adoption and government initiatives to promote financial inclusion. With a young, tech-savvy population and increasing smartphone penetration, It is becoming a hub for fintech innovation in West Africa.
14M+
Mobile Subscribers
45%
Smartphone Penetration
34%
Banked Population
$120M
Fintech Investment (2023)
Top Fintech Apps in Burkina Faso
Fintech Innovators
Market Insights
The Country's fintech growth is fueled by the Central Bank of West African States (BCEAO) regulations that support mobile money innovation. The country has seen a 300% increase in mobile money transactions since 2018, with services expanding beyond payments to savings, credit, and insurance.
Fintech Innovation Across the country
From Ouagadougou's tech hubs to emerging fintech solutions in Bobo-Dioulasso and beyond, innovation is spreading nationwide.