FUNDING | Crypto & Blockchain Category in Africa Received the Least Fintech Funding in H1 2023, Reveals Latest Report
Collectively, 75 African fintech startups reported a total of $1.2 billion in raised risk capital through 85 transactions. This translates to an average of 14 deals and around $200 million in funding per month. Fintech is the leading sector for VC funding in Africa today. Roughly $0.40 out of every dollar raised by an Africa-focused startup goes to a fintech company.