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Nigerian Startup Funding Report Q1 2019

Techpoint has released Q1 Funding Report for Nigeria: "A total of $17.6 million was raised by Nigerian startups in the quarter, which is higher than that of Q1 2018. And as with the previous editions, startups offering financial services got a larger chunk of the funds for the quarter." More highlights from the paid report.

  • Over 80% of total funding was raised by fintechs
  • Almost 70% of total funding for the quarter was contributed by foreign fund providers