As of May 23, 2022, fintech startups in South Africa secured close to 77 million U.S. dollars in funding. In 2021, South African fintech startups were able to secure almost 206 million U.S. dollars. Compared to the previous year, this was a significant increase from around 37 million U.S. dollars. Moreover, South African tech startups managed to aggregate over 336 million U.S. dollars in funding in 2022.
Total funding value secured by fintech startups in South Africa from 2015 to 2022
(in million U.S. dollars)
* Data for 2022 is as of 23 May, 2022.
According to the source startups included here are startups launched between 2002 and 2021. Furthermore, they add that they do not claim to have identified all the tech startups that existed in the country as some may have "slipped through the net".
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Disrupt Africa. (June 8, 2022). Total funding value secured by fintech startups in South Africa from 2015 to 2022 (in million U.S. dollars) [Graph]. In Statista. Retrieved January 04, 2025, from https://www.statista.com/statistics/1324527/funding-value-secured-by-tech-startups-in-south-africa/
Disrupt Africa. "Total funding value secured by fintech startups in South Africa from 2015 to 2022 (in million U.S. dollars)." Chart. June 8, 2022. Statista. Accessed January 04, 2025. https://www.statista.com/statistics/1324527/funding-value-secured-by-tech-startups-in-south-africa/
Disrupt Africa. (2022). Total funding value secured by fintech startups in South Africa from 2015 to 2022 (in million U.S. dollars). Statista. Statista Inc.. Accessed: January 04, 2025. https://www.statista.com/statistics/1324527/funding-value-secured-by-tech-startups-in-south-africa/
Disrupt Africa. "Total Funding Value Secured by Fintech Startups in South Africa from 2015 to 2022 (in Million U.S. Dollars)." Statista, Statista Inc., 8 Jun 2022, https://www.statista.com/statistics/1324527/funding-value-secured-by-tech-startups-in-south-africa/
Disrupt Africa, Total funding value secured by fintech startups in South Africa from 2015 to 2022 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1324527/funding-value-secured-by-tech-startups-in-south-africa/ (last visited January 04, 2025)
Total funding value secured by fintech startups in South Africa from 2015 to 2022 (in million U.S. dollars) [Graph], Disrupt Africa, June 8, 2022. [Online]. Available: https://www.statista.com/statistics/1324527/funding-value-secured-by-tech-startups-in-south-africa/
