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African tech funding falls to $2.2B in 2024 amid late surge
8 Jan 2025 Victoria Fakiya 1 min read
African Startup Funding 2024
Techpoint reports that African startups took in about $2.2 billion in 2024 – a 25% decline from $2.9B in 2023. The first half was weak, but funding rebounded in H2 2024, buoyed by two major fintech deals (Moniepoint’s $110M Series C and Tyme Bank’s $250M Series D). Overall, equity and debt funding slowed, even as exits (22 acquisitions in 2024) ticked up.
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