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Startups in Africa have already raised more money in 2018 than they did last year

6 months into the year startup funding in Africa has reached $168.6m, surpassing 2017's total of $167.7m. Fintech startups accounted for 4 of the 10 largest deals completed this year.

Fintech also accounts for four of the 10 largest deals completed this year, receiving $95 million in funding—more than half of total amount raised on the continent. In the two largest deal Cellulant, a digital payments solutions company which operates in 11 African countries, raise $47.5 million in its Series C round while Branch, an online micro-lending platform, has raised $20 million.

Tags

africa, fintech