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Top 3 Sectors Invested in Africa, by Quarter (2019-2023 YTD)
Fintech, Logistics and Energy remain the top 3 funded sectors across Africa in Q3 2023. Investments in Africa are still dominated by Fintech investments. In Africa, 1 in 3 scaleups that have managed to raise over $1 million USD are Fintechs.
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.
