Home Latest Insights | News These are the $100 million+ raises for African startups; truly remarkable numbers

These are the $100 million+ raises for African startups; truly remarkable numbers

These are the $100 million+ raises for African startups; truly remarkable numbers

These are the $100 million+ raises for Africa; truly remarkable numbers. Tekedia Capital is providing a path for ordinary people to be part of this massive redesign. This is the time; learn more how we can help you.

From the chart, we can see that Fintech leads. There is a reason for that, I explained in a comment on LinkedIn.

This is expected. The key friction in business is how to be paid. Once that is done, other domains open. If you are in Lagos offering a service to someone in Aba, the first thing is this: how will this person pay me? It is after that is sorted out that the transaction will move ahead.

So, you need to fix fintech before you can fix other things. If not, a doctor, carpenter, etc will work and will be unable to receive their promised pays. I expect fintech to unlock values in healthcare, education, etc as an operating system over the next few years. In Kampala, in a major speech, I called it the Operating System of Africa’s Digital Future.


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