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Get to know Afro-Asia FinTech Festival

The Afro-Asia FinTech Festival (AAFF) is a pioneering cross-border collaborative initiative jointly organized by the Monetary Authority of Singapore (MAS) and the Central Bank of Kenya (CBK). First launched in 2019, the festival serves as a platform to bring together policymakers, financial institutions, technology entrepreneurs, and investors from both continents. Its mission is to drive financial inclusion and innovation by creating a bridge for ideas, partnerships, and investments between the rapidly growing FinTech markets of Africa and the established ecosystem in Asia.

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Afro-Asia FinTech Festival

Kenya

Founded in

2019 (7 Years)

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(180 reviews)

Cyprus

2017

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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