African Startups' $2 Billion Funding

This is a Moniepoint news story, published by TechCrunch, that relates primarily to TymeBank news.

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Here are Africa’s biggest startups based on valuation | TechCrunch

Summary

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Last year , funding into African startups edged past $2 billion , returning to pre-pandemic levels.

Signs suggest 2025 will follow the cautious trends of the past two years .

A sharp decline in mega-deals, mirroring global venture capital tightening, pushed local and international investors to prioritize sustainable business models and clear paths to profitability.

At the start of 2024 , Moniepoint and TymeBank were valued at $850 million and $965 million , respectively, making them Africa ’s leading contenders for unicorn status.

Other African startups that could follow suit in the coming years based on their last priced round.

Onafriq, formerly MFS Africa , operates the most extensive digital payments hub on the continent.

It connects millions of mobile money wallets across multiple African countries.

The South African fintech has raised over $107 million , including an $83 million Series C.

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