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Fintech Bright Spot Africa Plays Catch-Up in Bumper Funding Year Roxanne Henderson, Bloomberg News Pedestrians walk past mobile phone and tech kiosks on Otigba street in Lagos, Nigeria, on Monday, March 29, 2021. Nigerians are having to contend with the highest inflation rate in four years, the second-highest unemployment rate on a list of 82 countries tracked by Bloomberg, and an economy thats only just emerged from recession. , Photographer: Bloomberg/Bloomberg (Bloomberg) Fintech companies in Africa raised more capital despite the Covid-19 pandemic, standing in contrast to their emerging-market peers such as Latin America that saw a decline. The continent saw fintech funding, including mergers and acquisitions, grow to $1.35 billion last year from $1 billion in 2019, according to a report by BFA Globalâs Catalyst Fund and Briter Bridges published on Thursday. While Indian and Latin American fintech c ....
Fintech bright spot as Africa catches up in bumper funding year Companies in Africa close gap on Indian and Latin American firms 06 May 2021 - 19:45 Roxanne Henderson Picture: 123RF/ Pop Nukoonrat Fintech companies in Africa raised more capital despite the Covid-19 pandemic, in contrast to their emerging-market peers such as Latin America, which saw a decline. The continent saw fintech funding, including mergers & acquisitions (M&A), grow to $1.35bn in 2020 from $1bn in 2019, according to a report by BFA Global’s Catalyst Fund and Briter Bridges published on Thursday. While Indian and Latin American fintech companies still raised more money than those in Africa, their volumes fell from the previous year as they battled to close later-stage deals. ....
MONEYWEB app instead? Most investments on the continent flowed to Nigeria, Kenya and South Africa. By Roxanne Henderson, Bloomberg 6 May 2021 21:02 After the initial shock of the pandemic, many investors continued to close deals, albeit remotely â report. Image: Bloomberg Fintech companies in Africa raised more capital despite the Covid-19 pandemic, standing in contrast to their emerging-market peers such as Latin America that saw a decline. The continent saw fintech funding, including mergers and acquisitions, grow to $1.35 billion (R19.2 billion) last year from $1 billion (R14.2 billion) in 2019, according to a report by BFA Globalâs Catalyst Fund and Briter Bridges published on Thursday. ....
Picture: iStock South Africa was among the top three countries attracting the most fintech investment. This is in contrast to other emerging markets, which saw a dip. Fintech companies in Africa raised more capital despite the Covid-19 pandemic, standing in contrast to their emerging-market peers such as Latin America that saw a decline. Most investment on the continent, according to a new report, flowed to South Africa, Nigeria and Kenya. The continent saw fintech funding, including mergers and acquisitions, grow to $1.35 billion (R19.3 billion) last year from $1 billion (R14.2 billion) in 2019, according to a report by BFA Global’s Catalyst Fund and Briter Bridges published on Thursday. While Indian and Latin American fintech companies still raised more money than those in Africa, their volumes fell from the previous year as they battled to close later-stage deals. ....
Money is pouring into African fintechs Fintech companies in Africa raised more capital in 2020 despite the Covid-19 pandemic, standing in contrast to their emerging market peers such as Latin America that saw a decline. The continent saw fintech funding, including mergers and acquisitions, grow to US$1.35-billion (R19.3-billion) last year from $1-billion in 2019, according to a report by BFA Global’s Catalyst Fund and Briter Bridges published on Thursday. While Indian and Latin American fintech companies still raised more money than those in Africa, their volumes fell from the previous year as they battled to close later-stage deals. “The numbers of pre-seed and seed deals in Africa are increasing,” the report said. “While Latin America and India are seeing a growing number of mega-deals, African markets are only beginning to see a few such late-stage deals.” ....