Africa's fintech landscape is experiencing a funding slowdown, with the first half of 2023 showing a retreat from the previous year's heights.
While 75 fintech startups in Africa raised approximately $1.2 billion in risk capital across 85 transactions, there was a significant 21% drop compared to H1 2022, per a recent report by Afridigest.
Differentiating between equity and debt financing in the African fintech landscape, equity funding took a substantial hit, plummeting by 42% from the previous year to reach only $719 million. Conversely, debt financing surged by 86%, reaching approximately $473 million.
This post is for subscribers only
Sign up to read the post and as well as all other member only posts. Subscribing only takes a few seconds and will give you immediate access.
Subscribe now
Already have an account? Log in
