Agrifood tech startups in Africa have raised USD 1.1 billion over 5 years, according to Agfunder.
Elevatus raises funds with support from Global Ventures, Wa’ed Ventures and the Oman Technology Fund Venture.
erad, a Saudi-based fintech, gains support from regional investors to provide growth capital for regional online businesses.
liwwa gains support from international and regional investors as smaller MENA markets see increasing activity.
Fintech accounts for 23% of VC investments in the region since 2020, according to the MENA Data Insight Report from GPCA.
CarLogik and 3atlana offer a range of services to vehicle owners in the UAE and Egypt respectively. The two auto-tech startups, have both announced successful funding rounds in the past two days.
According to a report by McKinsey and Company, one of the world’s leading business analysis and consultancy firms, Africa’s fintech industry could see revenues soar to USD 30.3 billion by 2025.