Strategy Note /
Global

Africa start-up funding more than doubled in 2021; 2022 could be even better

  • Africa start-up funding deal flow and deal value rose strongly in 2021, but remain low in a global context

  • Nigeria, South Africa, Egypt and Kenya are the top recipients of VC funding. Fintech is the main sector of interest

  • Notable transactions include: Andela, Chipper Cash, Flutterwave, Jumo, MNT Halan, OPay, TradeDepot, TymeBank, Wave

Africa start-up funding more than doubled in 2021; 2022 could be even better
Rahul Shah
Rahul Shah

Head of Financials Equity Research

Contributors
Rabail Adwani
Rohit Kumar
Tellimer Research
6 January 2022
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