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Average Fintech Deal Sizes by Growth Stage in Top 3 African Markets
Fintech Deal Sizes have grown across the board over the past 5 years.
In the top 3 markets, average Seed cheque sizes have grown the most and are largest in Egypt, reaching $10.5M.
The average seed cheque size for Nigerian startups in 2022 was less than half of an Egytian seed, at $4.5 million. Average Early Stage cheques are highest in Nigeria, at $90 million.
Though both Egypt and Nigeria is home to fintech unicorns, only South Africa has started to see enough maturity to write late stage fintech cheques in 2022, which averaged $100M.
Related Report
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The Future of Fintech in Africa
Eighteen percent of the world’s population lives in Africa, and 57% of Africans are ‘unbanked’, without a bank account or a digital wallet. This presents a massive opportunity, making fintech the most dominant and funded tech sector in Africa today. This special report highlights how African fintechs not only have one of the largest total addressable markets globally but are also crucial for achieving financial inclusion and empowering unbanked populations. The potential impact of a successful fintech in Africa is unparalleled. To learn more about the drivers, barriers, and opportunities in African fintech, as well as progress toward financial inclusion, read the special report.
