Thursday
January 3
2019

The big tech and innovation trends in Africa for 2018

By Yomi Kazeem

This year, as is the case almost every year, the availability of funding proved a major talking point among African tech founders and innovators.

In 2018, however, there was reason to cheer as halfway through the year, startup funding had reached $168.6 millionsurpassing last year’s total. Crucially, there was more venture capital closer to home for startups as Partech Ventures launched a $100 million pan-African fund. Indeed, much of that increased investment was largely thanks to the hot streak of  fintech companies, including big-ticket investment deals like Cellulant’s $47.5 million Series C round.

Fintech companies across the continent providing key services in loans, savings and payment, have been increasingly rewarded with investment and significant nods.

Photo courtesy of eva_lutter.

Source: Quartz Africa (link opens in a new window)

Categories
Technology
Tags
e-commerce, emerging economies, emerging markets, fintech, mobile money, mobile phones, startups, technology