Fintech concentrated the highest number of funded startups in Africa as of 2023. Of the total 406 startups that raised funding in the continent that year, around 31.5 percent were in the sector of financial technology. This represents 128 companies in the sector that was able to secured funding from investors. E-commerce and retail tech, and e-health followed, each with shares of 11.3 percent and 10.1 percent in the total number of funded startups. Overall, startups in Africa raised more than 3.3 billion U.S. dollars in 2022.
Distribution of funded tech startups in Africa in 2023, by sector
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Distribution of funded tech startups in Africa in 2023, by sector
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Disrupt Africa. (January 27, 2024). Distribution of funded tech startups in Africa in 2023, by sector [Graph]. In Statista. Retrieved April 01, 2025, from https://www.statista.com/statistics/1278949/distribution-of-startups-that-raised-funding-in-africa-by-sector/
Disrupt Africa. "Distribution of funded tech startups in Africa in 2023, by sector." Chart. January 27, 2024. Statista. Accessed April 01, 2025. https://www.statista.com/statistics/1278949/distribution-of-startups-that-raised-funding-in-africa-by-sector/
Disrupt Africa. (2024). Distribution of funded tech startups in Africa in 2023, by sector. Statista. Statista Inc.. Accessed: April 01, 2025. https://www.statista.com/statistics/1278949/distribution-of-startups-that-raised-funding-in-africa-by-sector/
Disrupt Africa. "Distribution of Funded Tech Startups in Africa in 2023, by Sector." Statista, Statista Inc., 27 Jan 2024, https://www.statista.com/statistics/1278949/distribution-of-startups-that-raised-funding-in-africa-by-sector/
Disrupt Africa, Distribution of funded tech startups in Africa in 2023, by sector Statista, https://www.statista.com/statistics/1278949/distribution-of-startups-that-raised-funding-in-africa-by-sector/ (last visited April 01, 2025)
Distribution of funded tech startups in Africa in 2023, by sector [Graph], Disrupt Africa, January 27, 2024. [Online]. Available: https://www.statista.com/statistics/1278949/distribution-of-startups-that-raised-funding-in-africa-by-sector/
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