Between the period of 2010 and 2019, O'Pay was the West African start-up company in financial services that received the highest amount of funding, which amounted to 170 million U.S. dollars (48.5 percent), followed by Migo, which covered 12 percent (approximately 42.17 million U.S. dollars) of the total funding.
Distribution of start-up funding in financial services in West Africa from 2010 to 2019, by company
The source explains that startups in this statistic have been founded in the West African region with at least one West African co-founder, and has raised a million dollar cumulatively between 2010 and 2019. Companies listed under "Others" are Aella Credit, Buycoins, Chipper Cash, Kudabank, Lidya, PiggyVest, SpacePointe, SureRemit, TeamApt, and TechAdvance.
Start-up funding in this data refers to the amount raised by a start-up company.
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Techpoint.africa. (September 21, 2020). Distribution of start-up funding in financial services in West Africa from 2010 to 2019, by company [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1177200/distribution-of-start-up-funding-in-financial-services-in-west-africa-by-company/
Techpoint.africa. "Distribution of start-up funding in financial services in West Africa from 2010 to 2019, by company." Chart. September 21, 2020. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1177200/distribution-of-start-up-funding-in-financial-services-in-west-africa-by-company/
Techpoint.africa. (2020). Distribution of start-up funding in financial services in West Africa from 2010 to 2019, by company. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1177200/distribution-of-start-up-funding-in-financial-services-in-west-africa-by-company/
Techpoint.africa. "Distribution of Start-up Funding in Financial Services in West Africa from 2010 to 2019, by Company." Statista, Statista Inc., 21 Sep 2020, https://www.statista.com/statistics/1177200/distribution-of-start-up-funding-in-financial-services-in-west-africa-by-company/
Techpoint.africa, Distribution of start-up funding in financial services in West Africa from 2010 to 2019, by company Statista, https://www.statista.com/statistics/1177200/distribution-of-start-up-funding-in-financial-services-in-west-africa-by-company/ (last visited December 22, 2024)
Distribution of start-up funding in financial services in West Africa from 2010 to 2019, by company [Graph], Techpoint.africa, September 21, 2020. [Online]. Available: https://www.statista.com/statistics/1177200/distribution-of-start-up-funding-in-financial-services-in-west-africa-by-company/
