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.
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