An online bank that makes access to financial as well as professional services cheaper.

The Market Potential

With high proportion of unbanked populations in Africa estimated at 60%, rising consumers with more disposable income and a growing middle class in emerging markets such as Africa, access to financial services has become an imperative. However, the process and the associated-cost to accessing these services remain an issue.

Meanwhile, traditional financial institutions in the banking and non-banking sectors remain indifferent.

This offers endless opportunities for financial technologies such as West Cape to change the status quo.

Operation information: Already in the market

Target Market: Africa (10 countries in 2 years), Asia, Americas and Europe.

Market Size: Currently estimated at $300 bn - $400 bn by 2025.