Although investments into Africa’s burgeoning tech ecosystem have been on the rise recently, 76% of the total funding during the 8-year period went to startups led by all-male teams. One factor responsible for the disparity in funding is that male and female founders typically choose different financing routes. For instance, female founders are more inclined to seek bank loans rather than equity investments, albeit with little success. Meanwhile, startups with all-male teams are most likely to attract both equity and debt financing.