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Middle East & Africa VC Funding & Deal Flow, ex-Israel, Quarterly Analysis (2022 - Q3 2023)
After a nearly 6 month mega-deal hiatus, mega deals in the MEAPT region are back! Many investors seemed to enjoy a quiet summer; all $500 million of which were signed and announced in the month of September. It's been a dry summer, to say the least. Investors seem to be patiently waiting it out to see which businesses are robust and resilient enough to survive. Though Q3 2023 funding has slightly recovered from the barren summer months, it is still 7.5% lower than Q3 2022 figures. With interest rate hikes taking a pause for now, it looks like we'll just have to wait for Q4 to tell us if things are on the up and up.
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.
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Did you check these out?
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