Fintechs in Africa raised ~$1.6B in 2022
Insights from the new Afridigest 2022 Fintech Transactions Database
Hello again, friends! Week 1 2023 was a very quiet one with apparently zero fintech deals announced. So in lieu of the regular Afridigest Fintech Review, we’re excited to bring you something new & shiny :)
We’ve painstakingly compiled all the deals we tracked from Week 1 to Week 52 last year into a new Afridigest 2022 Fintech Transactions Database ✨ In it, you’ll find all fintech transactions — equity VC financings, debt financings, and M&A deals — that were publicly disclosed across Africa's tech ecosystem in 2022.
Not bad, right? We’ll also be regularly updating the database going forward, and here’s the kicker: it’s all available at no extra cost — paying subscribers can download the database directly below.
If you’re not yet a paying Afridigest subscriber, you’ll be stopped by a pesky paywall. But what are you waiting for? Now’s a good time to upgrade or go for a trial to check it out. And we plan to do quite a bit more in this vein to beef up the value subscribers get in the weeks and months ahead. Stay tuned. 🙏🏽
In 2022, ~200 African fintech startups raised ~$1.6B across ~240 announced equity fundraises — an average of 20 deals and ~$130M raised per month.
There was a pronounced slowdown in the second half of the year, however:
Nevertheless, here’s who led the way:
Payments & Lending not only led the year’s largest fintech equity fundraising rounds, they lead more broadly as well.
32% of announced fintech fundraises last year went to Banking/Lending startups and 30% went to Payments/Cards/Loyalty startups:
And beyond equity and debt financing, it was also an interesting year for fintech M&A across Africa with ~30 deals announced throughout the year — here’s a look at 10% of them:
That’s just a sampling of what’s in the database.
If, for example, you're interested in:
Seeing the investors leading fintech rounds in Africa at a glance
Identifying the debt providers that are financing fintech lenders in Africa
Getting detailed sub-vertical category listings (to be able to, for example, identify all digital banking platforms or all open finance players that raised money in 2022)
Identifying global fintech startups that are active or soon to be active in African markets
Exploring the full set of ~240 equity venture capital fundraises, 30+ fintech debt financings, and ~30 M&A transactions that were announced in 2022
Then this database is for you.
It’s the most comprehensive and accessible one available on disclosed fintech transactions — equity VC financings, debt financings, and M&A deals — across Africa's tech ecosystem in 2022.
And we’ll be updating it with 2023’s transactions moving forward. 😊