By Adenike Adebowale
NIgeria’s fin-tech startups attracted 78 per cent of $263.9 million raised by venture capitalists in Africa in March, analysis shows.
Checks revealed that at-least 45 organizations received funding either through grants, pre-seed, seed or series raise on the continent.
Of which Nigerian founded fin-tech startup Flutterwave singlehandedly raised the highest funding and it was for the sum of $170 million. Flutterwave’s funding is also the highest among all the funds raised by tech companies across the continent.
Valuation
The other startups that raised funds in Nigeria include Bankly, Havenhill, Kuda Bank, Kwik Delivery, Termii and Afriex.
Bankly is a female-led fintech startup and it raised $2 million which was announced on March 24. The round which was led by Flutterwave and Vault is expected to help the startup scale to other states in Nigeria.
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