Ruth Olurounbi / Bloomberg:

African Private Capital Association: VC inflows to Africa fell 22% YoY to $3.6B in 2024, after a 31% YoY drop in 2023; fintechs had 116 deals raising $1.4B  —  Venture capital funding for African startups shrank again last year, though the share of home-grown investors advanced.

Ruth Olurounbi / Bloomberg:

African Private Capital Association: VC inflows to Africa fell 22% YoY to $3.6B in 2024, after a 31% YoY drop in 2023; fintechs had 116 deals raising $1.4B  —  Venture capital funding for African startups shrank again last year, though the share of home-grown investors advanced.

Source: TechMeme
Source Link: http://www.techmeme.com/250414/p11#a250414p11