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Global Fintech Venture Capital Deal Flow, Q4 2022
In Q4 2022, Africa constituted 4.4% of global Fintech venture capital deal flow, and 1.9% of total global fintech fundraising. In those 3 months, the continent’s startups attracted over $200M, 1/3rd less than that raised by Canadian Fintechs; though that value was raised across nearly double the number of Canadian startups in the same time period. That means lower ticket sizes and likely earlier stage startups in Africa are attracting funding today.
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.
