Egypt leads as African startups raise $138 million in September

Oct. 8, 2024 - Guardian Nigeria

African startups raised $138 million via equity, debt and grants in September 2024. In Ghana, Fintech Company, Fido raised $20 million in Series B equity funding, following the $10 million debt it announced in August.

The data showed that Nigeria accounted for 14 per cent of the $56 million raised in August 2024. However, the research firm earlier reported that from the about $800 million funding raised in the first half of 2024, startups funding hit the $1 billion mark in July.

This includes the d.light’s new $$176 million securitisation facility and MNT-Halan’s $157.

5 million raised to fuel their expansion...