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Funding Breakdown by Type–Volume & Value
In Africa, the funding era for startups has just getting started, with seed and early stage fintech dominating the realm of investments.
The Seed and Early-stage investments make up 72% of total fintech funds raised in 2022, and 86% of all deals inked in 2022 were with seed and early-stage fintech startups.
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.
