From InstaDeep to Paystack: Here are Africa’s biggest startup exits and how much they raised
- Decline in venture investment within startup ecosystem linked to lack of exit volume and value.
- Number of M&A exits in Africa dropped in 2022, alongside a decrease in venture capital investment.
- Expensya's acquisition by Medius demonstrates potential for significant returns in Africa's tech ecosystem.
The challenges faced by startups in exiting, such as a frozen IPO market and reduced attractiveness to buyers, have impacted the global startup ecosystem. However, despite these challenges, there is optimism among local investors that M&A activity will pick up as founders and investors seek liquidity. The acquisition of Expensya by Medius showcases the potential for significant returns in Africa's tech ecosystem. It is important to address the lack of transparency around M&A deals in Africa to better understand the true performance of the tech sector.
