Search Results: startup (236)
Treepz, a Nigerian mobility startup, has launched operations in Kenya and announces investments of USD 1.2 million over the past year.
Fintech took the lion’s share of startup funding, but startups across the board saw growth and other sectors are on the rise.
MENA startups raised USD 3.94 billion in 2022 across 795 deals, according to startup platform Wamda. Smaller and later stage deals on the up.
African startups have more than doubled the amount of debt they raised in 2022, defying an international slump in startup financing.
African startups face a range of challenges as the global tech industry endures an ongoing slump and the funding pool is reduced.
MENA startups raised USD 125 million in the last month of 2022, taking the year’s total investment to approximately USD 3.6 billion.
African startups from Nigeria, Kenya, Egypt and South Africa accounted for 75% of the continent’s startup funding in 2022.
Many African startups, like those of the MENA region, had a challenging year, however, Ventures Africa has identified five key trends seen over the year.
The top 50 most-funded MENA startups have been ranked by Forbes Middle East. Combined, the 50 startups raised USD 3.2 billion in 2022.
Fintech startups in Africa grew 81% in 2021, with South Africa, Nigeria, and Kenya emerging as key hubs on the continent, according to a Mastercard study on the state of fintech in African markets.