Africa has 6 unicorn startups today: Interswitch, Andela, Flutterwave, Chipper Cash, OPay, and Wave. This plot presents some upcoming startups with valuations above $100m. Many are not there including Cellulant, Vetifly, Alerzo, Omnibiz, Piggyvest, and Paytm.
(Many of the numbers are not correct. Kuda was worth $500m many months ago but they still have it for less than $500m. Also, Moove should be close to $500m, not $200m as presented, after raising more than $133m. Yet, it is a starting document from the creators).
My assessment is that Africa will have at least 15 unicorns by 2023.
Register for Tekedia Mini-MBA edition 17 (June 9 – Sept 6, 2025) today for early bird discounts. Do annual for access to Blucera.com.
Tekedia AI in Business Masterclass opens registrations.
Join Tekedia Capital Syndicate and co-invest in great global startups.
Register to become a better CEO or Director with Tekedia CEO & Director Program.
Tekedia Capital syndicate closes on Wednesday (April 20) and we expect to have many representatives in that unicorn club. Join us and own a piece of Africa’s future unicorns here .
---
Register for Tekedia Mini-MBA (June 9 – Sept 6, 2025), and join Prof Ndubuisi Ekekwe and our global faculty; click here.