Most of the funding raised for fintech startups in Africa landed in companies in Nigeria, South Africa, and Kenya. From 2015 to 2021, African fintech startups secured nearly 900 million U.S. dollars in investment. Over 53 percent of this amount went to Nigeria, while companies in South Africa received some 25 percent. Kenyan startups secured approximately 10 percent of the total funding.
Distribution of cumulative funding secured by fintech startups in Africa from 2015 to H1 2021, by country
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Quartz. (July 8, 2021). Distribution of cumulative funding secured by fintech startups in Africa from 2015 to H1 2021, by country [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/1249979/share-of-african-fintech-startups-funding-by-country/
Quartz. "Distribution of cumulative funding secured by fintech startups in Africa from 2015 to H1 2021, by country." Chart. July 8, 2021. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/1249979/share-of-african-fintech-startups-funding-by-country/
Quartz. (2021). Distribution of cumulative funding secured by fintech startups in Africa from 2015 to H1 2021, by country. Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/1249979/share-of-african-fintech-startups-funding-by-country/
Quartz. "Distribution of Cumulative Funding Secured by Fintech Startups in Africa from 2015 to H1 2021, by Country." Statista, Statista Inc., 8 Jul 2021, https://www.statista.com/statistics/1249979/share-of-african-fintech-startups-funding-by-country/
Quartz, Distribution of cumulative funding secured by fintech startups in Africa from 2015 to H1 2021, by country Statista, https://www.statista.com/statistics/1249979/share-of-african-fintech-startups-funding-by-country/ (last visited November 18, 2024)
Distribution of cumulative funding secured by fintech startups in Africa from 2015 to H1 2021, by country [Graph], Quartz, July 8, 2021. [Online]. Available: https://www.statista.com/statistics/1249979/share-of-african-fintech-startups-funding-by-country/
