Seed vs. Series A: African Fintech Funding Compared
Seed funding in Africa averages $1.6M in 2024, a 26% increase from the previous year. Series A funding has dropped to an average of $8.7M in 2023, down from $15M in 2022.
African founders and investors speak on the most impactful events of 2024
Fintech startups dominated Africa's tech ecosystem in 2024. The rise of stablecoins improved cross-border payments efficiency.
Africa’s newest fintech unicorns are winning by keeping their feet on the ground
TymeBank and Moniepoint raise funds at valuations over $1 billion. Both companies aim to simplify banking for unbanked individuals and businesses.
African digital bank Tyme raises $250M round led by Nubank at $1.5B valuation
Tyme Group secures $250 million in Series D funding. Valuation of Tyme Group reaches $1.5 billion.
African startups need financial backing for global ambitions, says VCs
Investors stress the need for funding and market knowledge for African startups to scale globally. African startups are expanding into Southeast Asia and North Africa.
