Top 4 African Markets by Overall Funding VS Fintech Funding Over the Past 5 Years
17 June 2023•
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Fintech funding constitutes a significant portion of the VC funding going into Africa.
For Nigeria, the largest and fastest growing tech and fintech market in Africa, 67% of all VC funding in the past 5 years went to Fintech startups.
Nearly half (45%) of all VC funding in the past 5 years in South Africa went to Fintechs, and in Egypt, it is just over 1/3rd. Egypt had the most number of VC deals inked in the past 5 years, though only 12% of these were inked with fintechs.
This tells us that Egyptian fintechs have the largest funding rounds.
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