Average Fintech Deal Sizes by Growth Stage in Top 3 African Markets
18 June 2023•
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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.
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