Impact of COVID-19 on Fintechs: Senegal

Before the COVID-19 pandemic struck, the Senegalese fintech industry was growing steadily. Gradually stimulating the interest of investors, fintechs in Senegal rolled out a range of products and services to bridge gaps in existing financial services.

This report attempts to understand the impact of the pandemic on fintechs in Senegal, the measures policymakers took to support fintechs, and their effectiveness. It further highlights the sentiments of investors toward this sector.