Fintech remains one of the hottest tech verticals in Africa. This year saw African fintech startups based on the continent raise over $53-million in 25 deals (in disclosed deals).
Fintech deals accounted for about 18% of the almost $290-million netted in 88 disclosed deals reported by Ventureburn in 2019.
The biggest chunk this year went to the mobility and logistics vertical and distribution platforms, which together netted about 41% of disclosed deal value in 2019 (see this story).
When it comes to fintech, Sub-Sahara Africa is the favoured region for some of the world’s top startups looking to tackle financial inclusion, if the names of those listed as part of the Inclusive Fintech 50 initiative is anything to go by (see this story).
Read more at Ventureburn.