Report: Fintechs Raised $120.557 Million in 60 Deals in 2020
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% ...