Since the startup boom in Africa, over 12 years ago, 11 startups of African origin have individually raised a minimum of $50 million. There were 19 of such funding rounds.
Of the 19 rounds, Financial Services had eight entries, followed by Marketplace (Online Retail) with seven. Online Retail had only two companies with multiple entries: Jumia accounted for four and South-African eCommerce platform, Takealot, had three.
No Financial Services company dominated the space. However, South-African Jumo, Nigeria’s Opera Pay (OPay), and Tala — which was first launched in Kenya — all had two entries.
In the infographic below, Intelligence by Techpoint dives into the data.
Go deeper and gain more insights about the African startup space. Get the 2020 edition of the Nigerian Startup Funding Report.