In 2021, the Nigerian startup OPay raised funding in a total of 400 million U.S. dollars, the highest early-stage funding value secured in Africa. Other two fintech companies followed: Chipper, based in East Africa, raised 250 million U.S. dollars, while Senegal's Wave secured 200 million U.S. dollars. The same funding value was raised by Andela, a Nigerian startup operating in the recruitment industry.
Value of funding raised by startups in Africa as of 2021, by startup
(in million U.S. dollars)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Quartz. (December 22, 2021). Value of funding raised by startups in Africa as of 2021, by startup (in million U.S. dollars) [Graph]. In Statista. Retrieved December 04, 2024, from https://www.statista.com/statistics/1290232/value-of-funding-raised-by-startups-in-africa-by-startup/
Quartz. "Value of funding raised by startups in Africa as of 2021, by startup (in million U.S. dollars)." Chart. December 22, 2021. Statista. Accessed December 04, 2024. https://www.statista.com/statistics/1290232/value-of-funding-raised-by-startups-in-africa-by-startup/
Quartz. (2021). Value of funding raised by startups in Africa as of 2021, by startup (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 04, 2024. https://www.statista.com/statistics/1290232/value-of-funding-raised-by-startups-in-africa-by-startup/
Quartz. "Value of Funding Raised by Startups in Africa as of 2021, by Startup (in Million U.S. Dollars)." Statista, Statista Inc., 22 Dec 2021, https://www.statista.com/statistics/1290232/value-of-funding-raised-by-startups-in-africa-by-startup/
Quartz, Value of funding raised by startups in Africa as of 2021, by startup (in million U.S. dollars) Statista, https://www.statista.com/statistics/1290232/value-of-funding-raised-by-startups-in-africa-by-startup/ (last visited December 04, 2024)
Value of funding raised by startups in Africa as of 2021, by startup (in million U.S. dollars) [Graph], Quartz, December 22, 2021. [Online]. Available: https://www.statista.com/statistics/1290232/value-of-funding-raised-by-startups-in-africa-by-startup/
