Strategy Note /
Nigeria

Why Nigeria is the favourite market in Africa for fintech investors

  • Nigeria has been investors' preferred destination, attracting half of total tech funding in Africa and 37 deals in 2020

  • Nigeria has 4 fintech unicorns out of 5 in Africa, highlighting the potential early-stage investors see in the country

  • Limited access to credit, low tech sophistication and a well-diversified ecosystem add to the strong growth opportunity

Why Nigeria is the favourite market in Africa for fintech investors
Rahul Shah
Rahul Shah

Head of Financials Equity Research

Contributors
Rabail Adwani
Rohit Kumar
Tellimer Research
19 October 2021
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