GJO & Partners

Fintech funding in Africa: investors, tickets and countries

Who finances Fintech in Africa, where, at which stage and with which tickets: every figure below is computed from the funding deals recorded on the platform.

159

deals recorded

43

over 12 months

5 M$

median disclosed ticket

235

identified investors

Key findings

  • 159 funding deals recorded (Fintech) since 2010, involving 129 companies and 235 identified investors. 43 of them over the last 12 months (42 the previous year).
  • Median disclosed ticket: 5 M$; half of the deals fall between 2 M$ and 17 M$ (109 amounts disclosed out of 159, 2 bn $ in total).
  • Where the money goes: Nigeria (39 %), South Africa (23 %), Kenya (9 %).
  • Most frequent stage: Pre-Seed (18 %); most used instrument: Equity (67 %).
  • Most active investors: TLcom Capital (11), P1 Ventures (8), Enza Capital (7).
  • 47 % of deals are syndicated (at least two investors around the table).

Countries

  • Nigeria62
  • South Africa37
  • Kenya15
  • Ghana9
  • Côte d'Ivoire8

Industries

  • Payments and mobile money47
  • Digital lending and scoring25
  • Money transfer and remittances18
  • Fintech infrastructure (APIs, open banking, BaaS)17
  • Crypto and blockchain15

Stages

  • Pre-Seed29
  • Seed28
  • Growth26
  • Series A15
  • Debt13

Instruments

  • Equity106
  • Senior debt14
  • Grant4
  • Mezzanine debt1

Deals per year

YearDealsDisclosed amounts
202110546 M$
20221238.7 M$
2023338 M$
202441360.6 M$
202542574 M$
202639397.8 M$

Most active investors

Latest deals

CompanyDateDisclosed amountsLead
CrissCrossCrypto and blockchain · South AfricaOct 2026undisclosedCircle Venturessource
PaysikaNeobank and digital banking · Cameroon · Pre-SeedSept 2026200 k$Madicasource
LukaDigital lending and scoringSept 2026undisclosedAfrica Jobs Fundsource
NombaPayments and mobile money · Nigeria · DebtSept 20263 M$CardinalStonesource
SeevcashPayments and mobile money · GhanaSept 2026333 k$Stellar Development Foundationsource
PouchersCrypto and blockchain · Nigeria · Pre-SeedAug 2026500 k$Stack Directory LLCsource
FlutterwavePayments and mobile money · NigeriaAug 2026undisclosedCircle Venturessource
R&A CellularPayments and mobile money · South Africa · GrowthAug 2026undisclosedundisclosedsource
MomentFintech infrastructure (APIs, open banking, BaaS) · South Africa · Series AAug 202622 M$AlphaCode Venture Partnerssource
Yellow CardCrypto and blockchain · NigeriaAug 202640 M$SC Venturessource
ZazuNeobank and digital banking · South Africa · SeedJul 2026undisclosedLaunch Africa Venturessource
TimonCrypto and blockchain · NigeriaJul 2026undisclosedAlliance DAOsource
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See also

Method: published funding deals (press releases, specialised media), recorded by Invest Matching's news monitoring and reviewed before integration. Amounts in US dollars; deals without a disclosed amount count in the totals, not in the medians.