Live Breaking News & Updates on Nigerian Startup Funding Report
Stay updated with breaking news from Nigerian startup funding report. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Victoria Fabunmi is the Head of Investments at CcHub, and in this article, we discuss everything from her journey to tech investments to the evolution of Africa’s tech ecosystem. ....
Obinna Chima Financial technology (fintech) startups in Nigeria raised a total of $120,557,026 in 60 deals in 2020, the Nigerian Startup Funding Report 2020 published by Techpoint Africa has revealed. According to the report obtained yesterday, of the 60 deals, 18 of it were pre-seed rounds. A further breakdown of the amount raised showed that 53.7 per cent of the total funding was raised by financial services providers; while 74.7 per cent was attributable to six startups that individually raised at least $10 million. Also, while 3.5 per cent, which was 15 of the deals were local; 37 (71.2% of the total amount raised), were foreign deals, and nine (25.3% of the total amount raised) were deals with participation by both local and foreign investors. However, it pointed out that there were more than 15 undisclosed deals in the year. ....
MTN Nigeria's 2020 earnings, Ghana's fintech sandbox, Foreign investors in 2020 – Techpoint Africa techpoint.africa - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techpoint.africa Daily Mail and Mail on Sunday newspapers.
Shares A look at funding reports from recent years will show a pattern of investor focus on sectors with the most perceived prospects for growth and prominence. We’ve seen eCommerce companies and financial services companies heavily dominate West Africa’s funding space in the last decade. According to Techpoint Africa’s Nigerian Startup Funding Report 2020, Nigerian healthtech startups witnessed increased funding activity, coming second only to financial services startups in terms of funding size and the number of deals made in 2020. For the period in question, these startups raised $32.5 million across seven deals, 404% higher than the entire disclosed record ($6.3 million) for 2019. This accounted for 26.8% of the total funding raised by Nigerian startups in 2020. ....